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Your rent includes your landlord’s costs for financing, for taxes, for repairs. Unless it’s controlled by the government, your rent will go up as those costs go
by snowwrestler 8y ago
Your rent includes your landlord’s costs for financing, for taxes, for repairs. Unless it’s controlled by the government, your rent will go up as those costs go up.
When you take out a fixed-rate mortgage, it locks the finance cost, which is by far the largest component, for the duration of the loan. That is better financial stability than renting, and a good inflation hedge.
Repairs in a house are not that unpredictable. Every part of a house has a expected lifespan, and part of buying a house is getting an inspection that tells you where along that lifespan everything is.
And again: you’re paying for repairs either way.