4 ms·
This is an interesting take. I currently live in an area where my rent is about 35% cheaper than taking out a mortgage at the current interest rates.
by charlie0 3y ago
This is an interesting take. I currently live in an area where my rent is about 35% cheaper than taking out a mortgage at the current interest rates.
- red-iron-pine 3y agostatistically most people live in a handful of areas, and COL there is high. more jobs there, though, so it becomes a balance. if I could pull 90k in rural Kentucky I'd live like a king, but that's not easy, and most people aren't that lucky.
- charlie0 3y agoRent doesn't scale linearly with the prices of homes, rent is likely cheaper than a mortgage in HCOL.