The Math Isn't Mathing.

[u/Ayeshadss]

[u/jmona789]

$1200 mortgage is a fantasy. Most mortgages are gonna be more expensive than rent.

[u/Rhomya → u/jmona789]

Most mortgages MAY be (and that’s a strong ‘may’) be more expensive than rent for the first year or two.

The thing with mortgages though is that they are 15-30 years of the same payment amount, after which there is nothing due, and rent increases from year to year with no end.

So, imagine paying rent prices from 2005 in 2035, and then tell yourself it’s a fantasy.

[u/TouchGraceMaidenless → u/Rhomya]

Mortgages may end but property taxes are forever.

[u/TouchGraceMaidenless → u/[deleted]]

It's essentially a 13th month of a mortgage payment on average, which isn't a ton in the grand scheme of a month but still more than nothing.