Renting vs. Buying: The 5% Rule
Ben Felix · Explainer · 11 min · 2019 · YouTube title: Renting vs. Buying a Home: The 5% Rule
Why it's here
HN points to it for a clean first-order framework for the rent versus buy decision.
What it covers
Ben Felix explains how to compare renting and buying a home by looking at unrecoverable costs, and distills it into the 5% rule of thumb. It is framed for a Canadian audience but broadly applicable.