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lunarul@lemmy.world ⁨1⁩ ⁨day⁩ ago

I paid $3300 rent back in 2020. Got a mortgage at the low rates in 2021 and got a $2800 monthly rate. So it seems like it’s cheaper. But once I add the property tax (~$1000/mo), HOA ($500), home insurance (~$300), it’s at all not cheaper to own than to rent. Plus paying for maintenance on our own (had to replace both the fridge and the washing machine in the time since we moved) adds up too. Not saying it was better to rent, but it was definitely cheaper.

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