Over the years you stay
€0
- Buying costs you, in the end
- €0
- Renting costs you, in the end
- €0
- Buying costs less from
- year 0
How this is worked out
- Buying costs you: your deposit, the transfer fees of a resale bought in one name, every loan payment and the upkeep for the years you stay, less what you would walk away with if you sold then (the price it has grown to, less the cost of selling it and what you still owe).
- Renting costs you: every month's rent as it rises, less what your deposit and buying costs would have earned had you saved them instead.
- Whichever figure is smaller costs you less. Small changes in what you expect of prices and rents move the answer a long way: try a few.
- Not included: tax on a gain when you sell, and the things no sum can weigh: security, and the freedom to move.
An illustration built on what you expect. Nobody knows what prices and rents will do.