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by kbenson
2158 days ago
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Not to mention, you'll still be paying those same mortgage payments (unless you refinance) a decade or two from now after the market has changed, and generally it goes up (even if it should only average going up by the amount of inflation). I bought my house 6 years ago. Rent prices have gone up about 30% in that time. I used to think my payment was crazy compared to renting, not I know of people renting much worse locations that are paying more, and I'm about to drop the mandated PMI because I dropped below 80% of the principal left to pay, so my payment will go down be a couple hundred more. |
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