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re: WSJ: There’s Never Been a Worse Time to Buy Instead of Rent (Housing Market board)
Posted on 10/23/23 at 7:06 pm to OweO
Posted on 10/23/23 at 7:06 pm to OweO
quote:
At first, its the much cheaper option then once they got you... BAM. You caught up in a trap where you are paying a lot more than you would be if you would have bought that house.
Usually, renting isn’t much cheaper, it’s just cheap enough to be a better deal, but expensive enough that it takes 10+ years to build the 20% down to escape.
1
Posted on 10/23/23 at 7:13 pm to GoldenGuy
Renting is cheaper when you factor in all of the additional costs of home ownership. Repairs, yard work, all of the additions sq/ft you have to furnish, etc.
But you’re right…getting any significant down payment is tough and I’d be scared to death to be sitting in a house I over financed a couple of years ago. Just because you bought it doeant mean you actually OWN it.
But you’re right…getting any significant down payment is tough and I’d be scared to death to be sitting in a house I over financed a couple of years ago. Just because you bought it doeant mean you actually OWN it.
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