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Show HN: Rent vs. Buy Housing Calculator
- w1 6y agoHey folks, I built this NPV calculator in Python a couple years back, before I bought my first house. Here it is again, rewritten it in React/Recharts. Let me know if its helpful and if you have any feedback!
- ytNumbers 6y agoIf you add annual maintenance costs, then your calculator would be something I would recommend to people who are considering purchasing a house. I've seen suggestions that the annual cost would be 1% of the total house value, but I've also seen a value for that as high as FOUR percent! https://www.thebalance.com/home-maintenance-budget-453820 https://www.thebalance.com/home-maintenance-budget-453820 The mortgage market is very lucrative when it comes to adsense and other monetization strategies. If you could find a way to market what you've created, you could manage to generate significant passive income (a.k.a., the gift that keeps on giving).
- tylerd22 6y agoCool calculator. One thing that is missing is the opportunity cost of the down payment. Also, in fairness, the renter scenario should be a smart renter that invests their money. Typically, a renter will have lower monthly housing costs in the beginning and will have more money for investment. Ideally, the net worth should be compared after 25 years or something.