judging by the comments there’s a lot of people thinking “my mortgage is $ X renting this would be $ Y. $Y > $X, therefore owning is better.”
Add all those costs above, then one can think of comparing both. Also, the property I’d buy is not the same I’d rent at all - these two have very different requirements IMO. One is for a few years and the other is meant for a few decades. I can get a much better location around where I live because I’m renting and it’s still very affordable.
this really annoys me too
judging by the comments there’s a lot of people thinking “my mortgage is $ X renting this would be $ Y. $Y > $X, therefore owning is better.”
Add all those costs above, then one can think of comparing both. Also, the property I’d buy is not the same I’d rent at all - these two have very different requirements IMO. One is for a few years and the other is meant for a few decades. I can get a much better location around where I live because I’m renting and it’s still very affordable.