Buy-vs-rent is nearly always monetarily in favor of rent.
250k down payment is ~20% of 1.3 million which at ~6.5% comes out to you paying ~2.4 million. This doesn't include maintenance, insurance, or taxes.
I have a bunch of calculators in this post (https://news.ycombinator.com/item?id=44794529) but that thread also has a lot of other people explaining the same thing.
Buy-vs-rent is nearly always monetarily in favor of rent.
250k down payment is ~20% of 1.3 million which at ~6.5% comes out to you paying ~2.4 million. This doesn't include maintenance, insurance, or taxes.
I have a bunch of calculators in this post (https://news.ycombinator.com/item?id=44794529) but that thread also has a lot of other people explaining the same thing.