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Amishman

(5,540 posts)
42. Yup, upkeep eats a big chunk of that gap between rent and mortgage amounts
Fri Dec 3, 2021, 10:56 AM
Dec 2021

$10k for a new heat pump or $20k for a new roof, these types of inevitable big expenses narrow the difference in terms of the real cost of renting vs owning.

Is buying often the better way to go? Absolutely! But not because of the monthly expenses but because of the long term equity gain.

The Rent is to damn high. [View all] cinematicdiversions Dec 2021 OP
That's why I bought a house a few years ago. Haggard Celine Dec 2021 #1
This is why that weird Mortage vs Rennt arguement is so infuriating. cinematicdiversions Dec 2021 #4
But a house must be maintained. And some maintenance jobs raccoon Dec 2021 #28
Yup, upkeep eats a big chunk of that gap between rent and mortgage amounts Amishman Dec 2021 #42
Yeah, the mortgage, taxes, and insurance on my madville Dec 2021 #14
Home ownership is the only way most Americans build wealth Johnny2X2X Dec 2021 #25
Homeownership is like an adult version of renting. cinematicdiversions Dec 2021 #40
Agree Johnny2X2X Dec 2021 #41
Your assessment suggests that homeowners have it easy... brooklynite Dec 2021 #2
...to say nothing of maintenance and upgrades. Roofs, toilets, appliances, etc. need spooky3 Dec 2021 #6
I am in no way referring to investment properties. cinematicdiversions Dec 2021 #24
I think Global Capital is buying up US property and jacking the rent Hugh_Lebowski Dec 2021 #3
Agree - it's happening in Albuquerque for sure womanofthehills Dec 2021 #23
Looks that way to me as well. hunter Dec 2021 #35
Capital gains in housing mean nothing until you sell, other than higher property taxes MichMan Dec 2021 #5
I don't know about your neck of the woods but where I am the increases are capped at 3% cinematicdiversions Dec 2021 #7
3 % a year compounded for 25 years is still over a 100% increase MichMan Dec 2021 #16
Not all states inthewind21 Dec 2021 #32
So property taxes are frozen in perpetuity as long as you live there? MichMan Dec 2021 #36
They do change if you ask for a re-assessment. haele Dec 2021 #38
According to what I could find about Prop 13, it isn't zero; they can go up 2 % a year for inflation MichMan Dec 2021 #39
My son's rent in Jacksonville FL went up 25% madville Dec 2021 #8
They are taking advantage inthewind21 Dec 2021 #33
That's why we keep our rent low Sympthsical Dec 2021 #9
There is a lot of apartment flipping going on left-of-center2012 Dec 2021 #10
Where do you live that there is a moratorium on new multifamily housing? maxsolomon Dec 2021 #11
Here you go. Plenty o links. There is some serious cross pollination between rural and enivro orgs cinematicdiversions Dec 2021 #15
Crimony. maxsolomon Dec 2021 #17
I am actually pleasantly surprised they are taking a good hard look at growth. cinematicdiversions Dec 2021 #18
pushing the crisis out of sight. maxsolomon Dec 2021 #19
Exclusionary zoning is our number one enemy Cicada Dec 2021 #12
The problem is you need to build new schools, roads, parks , bike lanes, etc cinematicdiversions Dec 2021 #21
Yup, added traffic is a huge concern with every new development around here Amishman Dec 2021 #43
These crazy rent hikes being talked about on this thread are illegal here in Sweden and many other Celerity Dec 2021 #13
My rent went up 22% last month pecosbob Dec 2021 #20
The wisdom of Jimmy McMillan! Tomconroy Dec 2021 #22
Short term rentals gypsy11 Dec 2021 #26
It is. A lot of investment in real estate is going on, and MineralMan Dec 2021 #27
They can if they set them up as short term rentals. gypsy11 Dec 2021 #29
That only works if the property is in a tourist area, frankly. MineralMan Dec 2021 #30
I agree gypsy11 Dec 2021 #31
Well, home prices are up, for sure. This year was very unusual MineralMan Dec 2021 #34
And the pay is too damn low! Initech Dec 2021 #37
Not everyone is lucky enough to afford home ownership. My husband and I had to downsize Ziggysmom May 2022 #44
Latest Discussions»General Discussion»The Rent is to damn high.»Reply #42