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.
Yeah, mortgage involves risks that renting does not. Rent includes compensation for the risk spread out over time.
Not just risk but amortized maintenance. Water heater only lasts 12 years, furnace 18. Roof is about 20, siding 15-50 depending.
rc__buggy@sh.itjust.works 2 weeks ago
Not just risk but amortized maintenance. Water heater only lasts 12 years, furnace 18. Roof is about 20, siding 15-50 depending.