2 ms·
Mortgages are usually cheaper than rents on comparable units. The issue is that they require a big upfront chunk of cash to get into. And, as a sibling comment
by cookiecaper 11y ago
Mortgages are usually cheaper than rents on comparable units. The issue is that they require a big upfront chunk of cash to get into.
And, as a sibling comment stated, it depends on location. I think $80k is right for most areas of the country. If you live in NYC, SF, LA, or another place with really high cost of living, adjust accordingly (which is probably like 2.3x).