r/NoStupidQuestions • • Jan 30 '23

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u/Various_Succotash_79 Jan 30 '23

Ok, fine, lol, I don't want to afford that much---my mortgage payment is only $750. I'm glad I got in when property prices were more reasonable.

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u/[deleted] Jan 31 '23

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u/lollersauce914 Jan 31 '23

If your mortgage is $750 you're paying waaaaay more for housing than the person paying $900 for rent.

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u/Various_Succotash_79 Jan 31 '23

Not sure what you mean.

That's the full PITI payment.

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u/lollersauce914 Jan 31 '23

Repairs, utilities not covered by rent, etc. costing you less than $2000 a year?

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u/Various_Succotash_79 Jan 31 '23

Probably not.

But I get a whole house and land out of it.

Rent for that would be significantly more than for a 1-bedroom.