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But you see the same benefits if you buy. As a renter, your rent goes up every year, but a mortgage is locked in and safe from inflation, rate hikes, and market

But you see the same benefits if you buy. As a renter, your rent goes up every year, but a mortgage is locked in and safe from inflation, rate hikes, and market volatility for 30 years. Renting _this year_ may be cheaper than buying _this year_, but renting for a lifetime is always more expensive than buying unless you move constantly.

pwinnski 4y ago
You only have to move once or twice in 30 years for home ownership to not make a ton of sense. "Constantly" seems like hyperbole. This also assumes that you aren't facing high maintenance costs. One popular rule of thumb suggests setting side 1% of the total value of the home for maintenance every year, and if the value of the home is rising, that set-aside is also rising. By more or less than rent? Depends on many factors.