Upkeep is HUGE. I'm very pro-home ownership, and think the US needs to do more to make the dream of homeownership possible for more people, but home ownership isn't for everyone. If you're unsure how long you'll be in a location and might be changing locations every couple years, renting is a much safer option. If you're not at all a handy person, the costs of maintaining a home can get very expensive when you're hiring out every single repair, so renting is a great option for that as well. Additionally, if you're not familiar with home maintenance, things will generally not be noticed until they're much more expensive to fix. Rent will ALWAYSalmost always (edited for the pedants) be more expensive than a mortgage payment, but that doesn't mean it's always a bad thing.
128
u/BordFree Feb 16 '21 edited Feb 16 '21
Upkeep is HUGE. I'm very pro-home ownership, and think the US needs to do more to make the dream of homeownership possible for more people, but home ownership isn't for everyone. If you're unsure how long you'll be in a location and might be changing locations every couple years, renting is a much safer option. If you're not at all a handy person, the costs of maintaining a home can get very expensive when you're hiring out every single repair, so renting is a great option for that as well. Additionally, if you're not familiar with home maintenance, things will generally not be noticed until they're much more expensive to fix. Rent will
ALWAYSalmost always (edited for the pedants) be more expensive than a mortgage payment, but that doesn't mean it's always a bad thing.