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The odd thing was this time even the rents increased substantially, so much that if you're moving to a new place it might be cheaper monthly to just buy instead
by vsskanth 5y ago
The odd thing was this time even the rents increased substantially, so much that if you're moving to a new place it might be cheaper monthly to just buy instead of renting. Maybe now with interest rates near 5% and home prices still at its peak, it has shifted the short term advantage back to renting
- bejelentkezni 5y ago"Cheaper" if you ignore the down payments that are approaching 30% of the house's total value.
- vsskanth 5y agoBarring some massive recession you can expect your down payment to have an ROI like a bond when you sell so you can just assume it to be part of your bond allocation. Obviously you'll lose a lot in transaction fees alone if you sell within a few years.