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Re:Renting Is Cheaper Than Buying, Almost Everywhere by findjashua on Friday June 11, 2021 @01:16PM (#27475994)
In general, the monthly expense for a home is ~.5% of the home price. Comparing that to the rent is a decent starting point.

In your example, monthly expense of ownership is ~2250, which is lower than the rent of 3000.

Of course, this doesn’t take into account the down payment and risk associated with home price fluctuations.

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