We just found this on Submedian, which is calling itself a “San Francisco affordable housing blog”. (There is no “affordable” housing in San Francisco, but we’re moving on, and we like your stuff, so you’re on our radar.)
So far this person has gone into detail about the median vs. average issue (we found this blog when they caught our blunder), and now they have put together an excellent, and what must have been extraordinarily time consuming spread sheet (shown above) as a way to determine if it is better to rent or own. If spreadsheets aren’t your thing, remember the New York Times has a nice interactive graph to keep you occupied.
We haven’t had much time to play around with it completely, but thought some of you might. Let us know what you think, if it is accurate, and when it’s going to rain.
From the author’s site regarding this graph, “I’m looking for feedback, so if you see something I left out, or some way to improve it, let me know.” That’s submedian.blogspot.com
Off to meetings….
-rent vs. own spread sheet [Submedian]
-Re-run: NY Times Interactive Graph, Rent vs. Buy [theFrontSteps]