The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is a better deal. To help you answer this question, here is a video comparing the IRR of the buy and rent decision and an article from the New York Times with a calculator that takes the most important costs associated with buying a house and computes the equivalent monthly rent.
IRR- Buying vs Renting Video:
New York Times article:
