Rent control is also pretty robust, so while it’s painful at first, over time renting gets easier relative to inflation. I think renting is still financially optimal over buying in most areas, and that’s before considering roommates.
But yes. They don’t call it a housing crisis for nothin
mortgage, borrowing costs, repair costs, property tax, a fund for known maintenance, a fund for repairs that insurance won’t cover without penalizing you more, and home resale value
paying stupid rent and putting the difference from that above into the dumbest of minimally-performing stocks.
After 5/10/20 years, we pretend we’re gonna cash out from both options and compare cash on hand after each.
There are really few scenarios where the bungalow owner comes out ahead.
Rent control is also pretty robust, so while it’s painful at first, over time renting gets easier relative to inflation. I think renting is still financially optimal over buying in most areas, and that’s before considering roommates.
But yes. They don’t call it a housing crisis for nothin
There are several.sites out there that compare
mortgage, borrowing costs, repair costs, property tax, a fund for known maintenance, a fund for repairs that insurance won’t cover without penalizing you more, and home resale value
paying stupid rent and putting the difference from that above into the dumbest of minimally-performing stocks.
After 5/10/20 years, we pretend we’re gonna cash out from both options and compare cash on hand after each.
There are really few scenarios where the bungalow owner comes out ahead.