I got tired of renting, and I looked it up, I realized I'm paying the equivalent of a $300k property for a standard 30-year mortgage in rent. And a $300k house is much nicer than my apartment.

I saw a $50k condo down the road from me. It looks not quite as good as my current apartment. Getting a mortgage for something like that is much better than renting, right?

  • Ithorian [comrade/them]
    ·
    3 years ago

    If you can try for a house instead of a condo, they hold and increase their value much better. But a mortgage is (almost) always better than rent, you're building equity not just handing cash over to a scum lord.