Years ago I did some number crunching on the "rent vs. own" issue, and what I came up with was this:
If lived in TV for 7 months, dollar wise, it was the break-even point. More than 7 months it would be cheaper to own, and less than 7 months, cheaper to rent.
This was probably 6 or 7 years ago. Curiously, an acquaintance of mine who was renting in TV at the time ran the same question with all of the numbers by his accountant, who came up with the same 7 month answer.
I have not kept up with the numbers since then, but I doubt the ratios have changed much.
Also, keep in mind that I was only crunching dollars, and not taking into account the various hassles and conveniences that are inherent in both renting and owning.
Are you planning on living in TV all year long?
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