Originally Posted by JeffKeryk
With a mortgage payment, you know what you are gonna pay.
Rent? Not so much.
Not really. Property taxes are always rising...and with a house, you never know what you might have to fix. New roof ($25,000+)? Furnace replacement? ($10,000) Replace a bunch of windows? My mother just had the railings on her deck and front porch replaced...I recall that was about $11,000. For what she has spent on her house in the last 5 years, I could have paid most of 5 years of rent.
With a mortgage payment, you know what you are gonna pay.
Rent? Not so much.
Not really. Property taxes are always rising...and with a house, you never know what you might have to fix. New roof ($25,000+)? Furnace replacement? ($10,000) Replace a bunch of windows? My mother just had the railings on her deck and front porch replaced...I recall that was about $11,000. For what she has spent on her house in the last 5 years, I could have paid most of 5 years of rent.