House - Own or Rent?
Mar 14th 2005, 5:23 am
#1
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Thread Starter
Joined: Mar 2003
Posts: 4,432
House - Own or Rent?
A simple spreadsheet which should help you decide from a financial point of view.
For example:
House Value 500,000
House Equity 40.00%
Marginal Tax 50.00%
Predicted Value Change 5.60%
Mortgage Rate 7.00%
Depreciation 1.00%
Owner Costs 0.50%
Interest Rate 5.50%
Rent Rate 4.00%
the difference between owning and renting is 0.
For example:
House Value 500,000
House Equity 40.00%
Marginal Tax 50.00%
Predicted Value Change 5.60%
Mortgage Rate 7.00%
Depreciation 1.00%
Owner Costs 0.50%
Interest Rate 5.50%
Rent Rate 4.00%
the difference between owning and renting is 0.
Mar 14th 2005, 6:07 am
#2
Banned
Joined: Apr 2003
Location: Angle vale Sth Australia
Posts: 5,353
Re: House - Own or Rent?
Originally Posted by Megalania
A simple spreadsheet which should help you decide from a financial point of view.
For example:
House Value 500,000
House Equity 40.00%
Marginal Tax 50.00%
Predicted Value Change 5.60%
Mortgage Rate 7.00%
Depreciation 1.00%
Owner Costs 0.50%
Interest Rate 5.50%
Rent Rate 4.00%
the difference between owning and renting is 0.
For example:
House Value 500,000
House Equity 40.00%
Marginal Tax 50.00%
Predicted Value Change 5.60%
Mortgage Rate 7.00%
Depreciation 1.00%
Owner Costs 0.50%
Interest Rate 5.50%
Rent Rate 4.00%
the difference between owning and renting is 0.
MM
Mar 14th 2005, 8:06 am
#3
BE Enthusiast
Joined: Jan 2002
Location: Brissie
Posts: 689
Re: House - Own or Rent?
Probably going to be shot down in flames but......just had a look at your spreadsheet as we are deciding whether we want to get on the property ladder or just carry on renting, just had a quick question....
I take it then that a negative value in G13 denotes that you are better off renting and a positive indicates that buying is more feasible?
I take it then that a negative value in G13 denotes that you are better off renting and a positive indicates that buying is more feasible?
Mar 14th 2005, 8:25 am
#4
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Thread Starter
Joined: Mar 2003
Posts: 4,432
Re: House - Own or Rent?
Originally Posted by MrFlibbleUK
Probably going to be shot down in flames but......just had a look at your spreadsheet as we are deciding whether we want to get on the property ladder or just carry on renting, just had a quick question....
I take it then that a negative value in G13 denotes that you are better off renting and a positive indicates that buying is more feasible?
I take it then that a negative value in G13 denotes that you are better off renting and a positive indicates that buying is more feasible?
