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Comment on A family of 5 downsized to a one-bedroom apartment to escape feeling 'house poor.' Saving money hasn't been the only benefit.

rc__buggy@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

And it’s because of that old axiom, “Rent is the most you’ll spend on housing, a mortgage is the least you’ll spend on housing.”

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MolecularCactus1324@lemmy.world ⁨9⁩ ⁨hours⁩ ago
Yeah, mortgage involves risks that renting does not. Rent includes compensation for the risk spread out over time.

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- rc__buggy@sh.itjust.works ⁨8⁩ ⁨hours⁩ ago
  Not just risk but amortized maintenance. Water heater only lasts 12 years, furnace 18. Roof is about 20, siding 15-50 depending.
  
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