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A comment on Renting vs. Owning a Home, by State. Parent comment

Re:Renting vs. Owning a Home, by State by bachmeier on Sunday September 03, 2023 @06:02PM (#37375015)
> If your principal is ~$1.5k/mth, then you actually own an extra $1.1k/mth

The cost of the house (not counting principal repayment) was $400 above my rent, not $400.

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Re:Renting vs. Owning a Home, by State by reducesuffering on Monday September 04, 2023 @06:27AM (#37379070)
If your monthly PITI payment is $4k, principal $1.5k, rent $3.6k, then your net worth hit is actually only $2.5k/mth from the house.

If you’re saying interest, taxes, and insurance were all $4k/mth, $400/mth, then sure, but people usually don’t talk about the costs of their mortgage that way.

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