Comparing a fixed property purchase price to a yearly estimated recurring cost isn't a direct comparison Assuming a $700k unit has an estimated lifespan of 50

Comparing a fixed property purchase price to a yearly estimated recurring cost isn't a direct comparison Assuming a $700k unit has an estimated lifespan of 50 years. That's $14k/year, we could say $20k/year with a generous maintenance allowance over the life of the home. So in this example that's $80k/yr remaining for food, utilities, care, etc.