So I'm selling my homestead after nearly 4 years. Curious if anyone has a calculator or tool to help show if it was a good investment choice, rather than just renting and investing the difference. Factoring in total things like PITI, repairs & maintenance, honey-do items, fees, utilities, all that jazz, vs just renting a house and investing in Vanguard accounts.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
6y
There Are waaay too many variables. I assume your payment was more than rent, even after 3 years of rent increases otherwise it’s obvious. Then figure out if you got to deduct the mortgage interest And property taxes off your income taxes. Then figure out how much capital gains you net off your downpayment plus any extras you paid. What if your landlord had not renewed you after year 1 2 or 3 and you had to take time off form work and move locations once or twice? You’ve already made this choice, feel good about it, it worked out.