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This talk of housing costs and renting is timely for me because I'm looking at buying a house with a rentalble apartment within. With the same monthy investment, I compared 3 scenarios:
-live in an apartment and invest money in the market
-buy an apartment and put money in the market (about half of the first scenario)
-buy a house and rent the separate portion to afford the mortgage; wero money in the market
Assuming I made no errors in my calculations, all 3 have about the same present value after about 3 years. After 5 years, the house scenario is a bit better than the rest. Anything after 10 years it's significantly better than the other two.
This exercise has piqued my interest somewhat in rental investment properties. Does anyone have a useful spreadsheet for peforming various analysis?
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Matt B
'73 911E
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