It is the biggest financial decision for many younger adults: Should I rent a home or buy one?
To help people understand the trade-offs, The Times has just relaunched its popular rent-versus-buy calculator.
The calculator, which The Times’s Upshot section built, has been updated in several important ways, including to take into account the 2017 tax law that affected the mortgage-interest deduction.
Ultimately, the calculator can’t tell you whether you should rent or buy.
That decision depends on the future paths of home prices and rents, which are unknowable.
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