Find out which option makes the most sense for you in the long term - buying or renting a house. The answer may surprise you!  

This New York Times calculator “ takes the most important costs associated with buying or renting and compares the two options. Note that the “winning choice” is the one that makes more financial sense over the long run, not necessarily what you can afford today.” (New York Times)

Questions:

• Which option do you think most people under the age of 25 go with - renting or buying? Why? 
• Which costs of buying a house surprised you? Why?  
• What other factors besides cost might someone want to consider when deciding which option is right for them? 

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Looking for more interactive resources? Be sure to check out the NGPF Blog.

About the Author

Sonia Dalal

Sonia has always been passionate about instruction and improving students' learning experiences. She's come a long way since her days as a first grader, when she would "teach" music and read to her very attentive stuffed animals after school. Since then, she has taught students as a K-12 tutor, worked in several EdTech startups in the Bay Area, and completed her Ed.M in Education from the Harvard Graduate School of Education. She is passionate about bringing the high quality personal finance content and instruction she wished she'd received in school to the next generation of students and educators. When she isn't crafting lesson guides or working with teachers, Sonia loves to spend her time singing, being outdoors, and adventuring with family and friends!