• kandoh@reddthat.com
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    11 months ago

    By renting a home, you’ll pay 1300 a month for the rest of your life.

    By buying a home, you’ll pay 800 dollars a month for the rest of your life, with the occasional 5 - 10 thousand dollars surprises every now and again.

    • Pyr_Pressure@lemmy.ca
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      11 months ago

      Except in the end you can also sell that house for $600k-$900k+ at 65 years old then use half of that to rent the next 30 years and have the rest to do whatever the fuck you want.

      • kandoh@reddthat.com
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        11 months ago

        So long as the government continues to exercise control over supply to ensure that your investment goes up. There are places like Japan where the value of your home decreases over time because they build new housing when its needed.