This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.
  • partial_accumen@lemmy.world
    2·
    1 year ago

    needlessly lock themselves into renting when they could be building equity for the same cost.

    As long as you’re recognizing that: rent payment =/= mortgage payment

    Home ownership comes with its own costs over and above the mortgage payment for upkeep and repairs which are already inside the rent payment.

    • Kit@lemmy.blahaj.zone
      2·
      1 year ago

      My landlord never once fixed a single thing at my rentals. I bought a condo and now my condo fees cover everything from hot water to heat and the roof, and I’m saving a couple hundred per month over renting.