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A comment on In January, there were more real-estate agents than homes for sale in the U.S.. Parent comment

Re:In January, there were more real-estate agents than homes... by munk-a on Monday March 22, 2021 @07:28PM (#26548890)
The math might be a bit different for SF - there are a lot of local factors to keep in mind (like that 500 HOA + Homeowners seems steep to me for a property that isn't near EOL) - but the biggest different at the end of the day is that the 3300 you're paying into principal + interest is still your money (well minus the interest) when you rent all 3000 you're paying is essentially throwing money into the void.
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Re:In January, there were more real-estate agents than homes... by o-__-o on Monday March 22, 2021 @07:53PM (#26549129)
5-10 years later you have equity, a portion of value of the home not tied up by a mortgage. You can refinance or sell and extract this money. You can then use this money to move into the $2M house you had your eye on.
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Re:In January, there were more real-estate agents than homes... by refurb on Monday March 22, 2021 @09:51PM (#26550047)
The difference is appreciation. Otherwise owning is probably 150% the cost of renting in SF. And with rent control you don’t have the issue of rent going up.
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