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?

  • D61 [any]
    ·
    3 years ago

    If you can secure the debit, then yeah, I could be.

    (gonna be USA centric for a bit). Don't forget to factor in the Home Owners Insurance and Property Taxes as part of your yearly expenses for having a mortgage as well.