Originally Posted by
banana380
Rent vs Buy Calculator | Zillow
At about 2.5 years it becomes better to buy vs. rent for me. It will be in domicile (DFW), and I expect to be at my regional for at least 6 years (I'll leave the upgrade/flow timeline debate for the Envoy thread...). I've rented for the past few years and I'm tired of p!ssing away money with no equity.
When I get my dream job at a major, we'll upgrade to a nicer house
.
Have you heard of Dave Ramsey? I highly suggest listening to a few of his shows and maybe reading one of his books before making this decision. Buying a home can be a great investment but it does not factor in risk. Do you have an emergency fund in place to take care of home issues?
Anyway, good luck with your decision!