Show HN: Rent vs. Buy Housing Calculator(rentvsbuy.house) |
Show HN: Rent vs. Buy Housing Calculator(rentvsbuy.house) |
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).
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.