3 ms·
Good analysis. Big difference is in the middle-tier city you're buying the house at say $1K / month mortgage, rather than renting. And your house is 2000 sq. ft
by genwin 12y ago
Good analysis. Big difference is in the middle-tier city you're buying the house at say $1K / month mortgage, rather than renting. And your house is 2000 sq. ft. with a yard and garage, instead of a 1 bedroom apartment. Less disposable income but your standard of living is subjectively higher.
- baddox 12y agoGood points. Home equity is a big deal changer. I am so remote from even thinking about buying a home that I can't estimate the utility difference equity would make. Having lots of space is obviously a major difference, but is very subjective. Many people who live in a city probably wouldn't want to maintain a yard or a larger house or need to drive everywhere. I definitely prefer the space.