Rent or Buy

Buying ($1M / 15yr) builds $456K more wealth by year 10

Rent
$4,900
per month (year 1)
$1M
15yr
$4,824
-$76 vs rent
30yr
$3,614
-$1,286 vs rent
$1.1M
15yr
$5,645
+$745 vs rent
30yr
$4,181
-$719 vs rent
$1.3M
15yr
$7,239
+$2,339 vs rent
30yr
$5,321
+$421 vs rent

Breakeven Timeline

$1M / 15yr: Year 2
$1M / 30yr: Year 2
$1.1M / 15yr: Year 2
$1.1M / 30yr: Year 2
$1.3M / 15yr: Year 3
$1.3M / 30yr: Year 3

Total Wealth at Year 10

Total Wealth at Year 30