Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
There’s a new way to figure out whether it’s better for you to rent or buy a place to live.
The brainiacs at Zillow.com have a math formula and interactive map of the United States that is like an infographic that shows what they’re calling the breakeven horizon.
As Zillow puts it, “The breakeven horizon is the number of years you will need to own and live in a home until it becomes more financially advantageous than renting the same home.”
Among some of the more extreme examples, Phoenix has a breakeven horizon of one year while New York City takes nearly 30 years to break even!
Check it out if you’re moving to a new city for work and are wrestling with the rent vs. buy question.
This post was last modified on March 22, 2017 2:13 pm
If you've been considering signing up for one of the Chase Sapphire credit cards, now…
The costs associated with owning a home go way beyond the amount on the mortgage. …
Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…