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by Jon_Lowtek 1940 days ago
expenses are predictable, which may lower the stress level, which is the main part of the parent comment. However owners want to make money using the property, so rent is overall higher then the cost of owning the property including roof replacements.

The problem many home buyers face is that it has become normal to go deeply into debt to buy and maintain a house, so it is not like they pay rent into their own house ownership account which slowly accumulates reserves for costly maintenance. A house costs twice as much as its sale price and if one has to go into dept to buy it in the first place, one is not middle class.

Back in Boomer-Days a middle class worker could buy and maintain a house, provide for a family with multiple children, pay for their education and still have money left to go on vacation. Today two working parents can't do the same, instead children go into debt to finance their education and fathers live in their cars in googles parking lot.