Nice little applet from NYT showing you when buying a house will start to pay off better compared to renting.

http://www.nytimes.com/2007/04/10/business/2007_BU…

What I like about it is that it lets you play with the rate of return on investments and takes into account things like your income tax rate, inflation, home price appreciation, etc. It basically does what I originally wanted to do in Excel, and does a better job illustrating it 🙂

Personally, according to this applet, based on what I pay for rent, there is no way that buying a house would be better in any number of years 🙂 I’m better off putting my money into a savings account and letting it appreciate.

Oh yeah, and hi to the only people reading this blog and bugging me to update it 😛

(Ooo… I love this article… seems like this country loves to reward stupidity. So what if you screwed yourself over by not reading the fine print or making a budget. The government will bail you out! http://money.cnn.com/2007/04/13/real_estate/subpri…)