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Buy vs Rent ... What should I Do?
As a agent in the Manhattan real estate market I am often asked if one should rent or buy.
If one has a good credit score, a maximum debt-to-credit ratio in the mid 40's, can document their income and are liquid equal to 3 months to 36 months of payments then yes, one should consider buying.
If one has good credit, makes a salary equal to forty times the monthly rent, but don't have a great deal of income, then they may wish to consider renting.
Below is a calculator which can help you to decide what type of home you can afford.
http://www.timevalue.com/calculators/rent-vs-buy-calculator.aspx
... more

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