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Updated over 7 years ago,
Modeling Home buying decision
Hey guys, I've been going over the decision to buy property for a week now and using my friend's closing disclosure as a sample to analysis the home buying decision. I've done a bit of work on the attached spreadsheet and I'm looking for someone more experienced than me to maybe look it over and tell me if I missed anything or made some wild assumptions or the model is just plain wrong. I live in Austin, Texas too btw. The home is a 4 bedroom in the 78749 area code. I also haven't figured out the cost savings on not renting as well because I couldn't find a metric to calculate the growth rate of rental prices in the area, however for the same bedroom, sqft, and area the median rental price is around $2,200 - $2,500
Excel Spreadsheet of Analysis