Quote:
Originally Posted by Lenny2
True the cost of being a homeowner is more than just the mortgage payment.
However all things being equal, it is cheaper to own a home than to rent one.
Unless you live in a weird housing market.
If being a landlord is a profitable business, and the landlord has the same expenses as the average homeowner (usually more expenses) then logic dictates that it's more expensive to rent.
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It is almost always cheaper to rent than to own. I rent right now, and if I were to buy the house I am renting I would be paying close to double what I am now. How? Because the landlord bought the house years ago and has a low payment. That is the case with most houses for rent.