New calculator...
Which way?
The choice between buying a home and renting one is among the biggest financial decisions that many adults make, Mick Bostock, Shan Carter and Archie Tse report on nytimes.com.
But the costs of buying are more varied and complicated than for renting, making it hard to tell which is a better deal, they wrote.
To help you answer this question, their calculator takes the most important costs associated with buying a house and computes the equivalent monthly rent: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?smid=fb-nytimes&smtyp=cur&_r=1
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