Dr. Dan leads the data analysis, development, and dissemination of findings for the research arm at EVERFI. He earned his PhD in Applied Developmental Psychology at George Mason University, where he studied social, emotional, and cognitive development in children, adolescents, and young adults as well as how to leverage sound research into actionable decisions for parents, educators, administrators, and policy-makers. Specifically, Dan focuses on the development of critical concepts in adolescence and teaching young adults about substance abuse and sexual assault, using educational technology.
…on a side note, I agree with some of the other commentors that the initial analysis was flawed and totally biased towards renting:
1) As others mentioned, the tax benefits were not accurately calculated.
2) A hypothetical $1000 mortgage payment over 30 years will really look more like a much more trivial $500 (or some number much smaller than $1000 anyways – I didn’t ‘math’ this) expense after 30 years, as inflation happens. Rents will tend to rise with inflation though, so in 30 years, the $1000 rent will still feel like $1000
3) You can’t compare mortgage payment to rent directly because at the end of 30 years of mortgage payments (or 20 or 15 years, depending on mortgage duration), you now own a house and never have to pay rent again. This greatly reduces your FI number since housing costs are so much lower with no mortgage payment.