Quote:
Originally Posted by nfotiu
If your rent is less than (interest+opportunity cost of any down payment or built up equity+property taxes+HOA+maintenance and repairs) and house values stayed flat for 25 years, there would be no financial benefit of owning vs renting.
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Rent is not cheaper than a mortgage payment right now though. They're still floating around the same. It's actually still cheaper to buy in my area. My mortgage+condo fee+tax for my 2 bed 2 bath would get you a similarly appointed 1 bed 1 bath. At least when I was making the choice to rent or buy a few months ago.