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re: It now costs 52% more to buy a home than rent one

Posted on 10/23/23 at 11:42 am to
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13829 posts
Posted on 10/23/23 at 11:42 am to
My insurance on my properties has doubled since 2020. I’m paying an extra 10k per year. Definitely shrinks margin and makes it a lot less desirable.
Posted by dakarx
Member since Sep 2018
6945 posts
Posted on 10/23/23 at 12:55 pm to
quote:

My insurance on my properties has doubled since 2020. I’m paying an extra 10k per year.


You are doing better than many...for my rental property the 2023 premiums were to be over $5800 in May (had I not sold in March). Started at 800 for structure only in '17....
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