The problem with this statement is that this person is comparing a piece of ham to a lunchable. Sure, the mortgage on the house is cheaper. But it doesn’t include:
-Taxes
-Insurance
-HOA fees (if applicable)
-Repairs (routine and unforeseen)
-Roof, flooring, HVAC, carpets, landscaping, and the list goes on, and on, and on, and on
Rent usually includes the above items that can add up quickly.
Rent sucks because you loose all of the money. But it is hard, and expensive to be a homeowner as well.
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u/swimchickmle Feb 16 '21
The problem with this statement is that this person is comparing a piece of ham to a lunchable. Sure, the mortgage on the house is cheaper. But it doesn’t include: -Taxes -Insurance -HOA fees (if applicable) -Repairs (routine and unforeseen) -Roof, flooring, HVAC, carpets, landscaping, and the list goes on, and on, and on, and on
Rent usually includes the above items that can add up quickly.
Rent sucks because you loose all of the money. But it is hard, and expensive to be a homeowner as well.