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The price gap between renting and buying has hit the widest point since 2000
(www.marketwatch.com)
this post was submitted on 25 Sep 2023
283 points (98.3% liked)
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Our mortgage is under $1000 a month. For a three bedroom house. Granted, we don't live in the most desirable city, but it's in a really nice, low-crime neighborhood which is close to a bunch of stores and the mall.
I don't even want to know what rentals cost around here.
That sounds like a dream. I just bought a $550k house with $130k down and pay $3500 a month. Rates are absolutely ridiculous. At the same time, I don't think it's cheaper to rent at the moment.
We got it 8 years ago, that's why.