mxkdodi
Re:Maybe Treating Housing as an Investment Was a Colossal Mistake
on Monday March 06, 2023 @12:55PM (#35044697)
It makes absolute sense, because maintenance costs are non-negligible. I just paid a fifteen thousand dollar plumbing bill. Since rent would include the ability to call the landlord to make him fix that, I sure would expect rent to be higher for the same place than my mortgage is.
Last year I spent twenty grand on a new roof. What's next? Idk, but that's why my mortgage isn't half of my salary. If it was rent, these things wouldn't be my problem.
That's the trade-off.