It feels really market by market. Where I live, the house I’ve been in is 50-75% mortgage cost vs rent on a comparable property. That mortgage is a bit over 10 years old, and has been below rent rates for nearly the whole time. Sure, I have upkeep, but I also get to make whatever modifications I want (and that’s a thing that’s appealing to me). And yes, I live in a major west coast city.These broad numbers games feels like rationalizing a decision today. Maybe it’s true for a particular locale (I don’t live in the Bay Area), but these articles feel like they’re painting with too broad of a brush given I can’t maths out a negative for my situation.
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