Monday, Dec 22, 2008
Spreadsheet system for calculating whether you should buy or rent
ExcelExperts.com: Buy Or Rent Calculator
This is a calculator aimed at helping you to make the right financial decision on whether to buy or rent.
It allows you to enter your personal circumstances, and assumptions on market price changes, and shows you how your wealth will change over time. FREE to download and use
Posted by nick vivian @ 10:08 AM (474 views) Add Comment
7 Comments
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1. Crashwatcher said...
This is like most mathematical models - tweak the unknowns and you will get the outcome you want. What is clear though is that if house prices fall 15% more - then buying at the bottom will be most profitable. And more profitable than renting in the long run.
2. mark wadsworth said...
One quick Google later, obvious question, are you this Nick Vivian?
3. martin said...
Nice one Mark, haha "Rumbled"
4. 51ck-6-51x said...
Far too many assumptions - a yield curve for the house you are proposing buying - ugh.
No transparency - a password protected worksheet in which one cannot see the formulae.
I'd prefer to make my own calculations.
5. This comment has been removed as it was found to be in breach of our Blog Policies.
6. Nick Vivian said...
Crashwatcher -
That's not actually true... if you look at the calculations, you might be better off renting even if property is rising depending on your circumstances.
Interested that you believe 15% more to be the bottom...
Suggest you read the ABN Amro report on this website... especially the bit about elasticity of supply, overshooting, and an economy overreliant on financial sevices.
7. Nick Vivian said...
Mark - no
Ur googling the wrong one.. try: "nick vivian" excel
51ck-6-51x -
I wrote this for myself, and am sharing it with you for free... take a look at the instructions page for more info.