paidRent) {
summary="Buying does not become better than renting during the first "+termCounter+" years";
if (RoR>1) {summary+=", even if you don't invest your monthly savings from renting instead of buying.";}
else {summary+=".";}
noProfitInSummary=1;
}
else {
summary = "Buying does not become better than renting during the first "+termCounter+" years";
if (RoR>1) {summary+="(assuming that you religously invest your monthly savings from renting instead of buying).";}
else {summary+=".";}
noProfitInSummary=1;
}
if (RoR>1) {
investmentNote = "If you rent and religiously invest the difference between what you would have paid for a house and what you're paying in rent, you can earn a return of "+addCommas(netInvestment)+" (after taxes). ";
if (firstYearOfProfit && !switchback) investmentNote+="However, that's not enough to make renting a better deal.";
else investmentNote+="This helps make renting a better deal. ";
}
else {investmentNote='';}
if (houseTotal>0 && rentTotal>0) {
summary+= "
Here's how much you're out under each scenario:
";
summary+= " "+houseTotalDisplay+" to buy the house.
";
summary+= " "+rentTotalDisplay+" from renting ";
if (RoR>1) {
summary+= "if you invest the difference.
";
summary+= " "+addCommas(paidRent)+" from renting if you don't invest.";
}
}
else if (houseTotal<0 && rentTotal<0) {
summary += "
Since the Net Spent figures on the bottom line are actually positive, that means that whether buying or renting, your costs are so low in this case that you basically live for 'free'. That's because the return on your investment is greater than the cash you paid out of pocket.";
}
else if (houseTotal>0 && rentTotal<0) {
summary += "
Not only is renting a better deal than buying in this case, but by renting you'd basically live for free, since the return on your investment is more than you'd spend in rent.";
}
if (noProfitInSummary && firstYearOfProfit) {
summary+= "However, buying does become profitable after "+firstYearOfProfit+" years.";
investmentNote+= "However, buying becomes profitable after "+firstYearOfProfit+" years.";
}
summary += investmentNote;
show('resultsDiscussion', summary);
show('CashSpentHouse', addCommas(cashSpent) );
show('Commission', addCommas(commission) );
if (taxOnSale) {
show('SalesTax',addCommas(taxOnSale));
document.getElementById('salesTaxRow').style.display='table-row';
}
else {document.getElementById('salesTaxRow').style.display='none';}
if (balance) {
show('LoanBalance',addCommas(balance));
document.getElementById('balanceRow').style.display='table-row';
}
else {document.getElementById('balanceRow').style.display='none';}
show('HouseValue',addCommas(houseValue));
show('HouseTotal1',houseTotalDisplay2);
show('CashSpentRent',addCommas(paidRent));
show('RentTotal1',addCommas(paidRent));
show('ROI', addCommas(netInvestment));
show('HouseTotal2',houseTotalDisplay2);
show('RentTotal2',rentTotalDisplay2);
}
} // Stop the iterations
MDT +="