GiddyGap@lemm.ee to News@lemmy.world · 6 months ago

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

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Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

GiddyGap@lemm.ee to News@lemmy.world · 6 months ago

cross-posted to:
[email protected]

The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.

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6 months ago

Did you not read the comment? Property tax, insurance, and upkeep are all perpetual costs. The down-payment, closing fees, and potential mortgage insurance are the only up-front costs.

I read the comment. It doesn’t address the question. “Over what period of time?”

Are they judging on owing a house for 30 years vs renting for 30 years or are they judging owning house for 1 year vs renting for 1 year?

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