Choosing between buying a home and continuing to rent can be a difficult financial decision. How long you want to stay, how much square footage you need, mortgage rates and the direction of the market all play a part in this complex decision. The New York Times
recently posted an excellent interactive calculator
(click the blue) to help you access the breakeven point for renting vs. buying. It takes into account all of the costs and factors each option requires in your unique situation. Check it out!