GiddyGap@lemm.ee to

News@lemmy.world · 2 days ago

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

cross-posted to:
housing_bubble_2@lemmy.world

353

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

GiddyGap@lemm.ee to

News@lemmy.world · 2 days ago

cross-posted to:
housing_bubble_2@lemmy.world

The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.

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ArchRecord@lemm.ee
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18 hours ago
But having a mortgage does put you on the path to becoming one.

Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.

Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.

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