@[email protected] to [email protected] • 8 months agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square24fedilinkarrow-up1175arrow-down13cross-posted to: [email protected]
arrow-up1172arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.com@[email protected] to [email protected] • 8 months agomessage-square24fedilinkcross-posted to: [email protected]
minus-squarepartial_accumenlinkfedilink2•8 months ago needlessly lock themselves into renting when they could be building equity for the same cost. As long as you’re recognizing that: rent payment =/= mortgage payment Home ownership comes with its own costs over and above the mortgage payment for upkeep and repairs which are already inside the rent payment.
minus-square@[email protected]linkfedilink2•8 months agoMy landlord never once fixed a single thing at my rentals. I bought a condo and now my condo fees cover everything from hot water to heat and the roof, and I’m saving a couple hundred per month over renting.
As long as you’re recognizing that: rent payment =/= mortgage payment
Home ownership comes with its own costs over and above the mortgage payment for upkeep and repairs which are already inside the rent payment.
My landlord never once fixed a single thing at my rentals. I bought a condo and now my condo fees cover everything from hot water to heat and the roof, and I’m saving a couple hundred per month over renting.