• corsicanguppy@lemmy.ca
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    5 months ago

    There are several sites out there that compare

    • mortgage, borrowing costs, repair costs, property tax, a fund for known maintenance, a fund for repairs that insurance won’t cover without penalizing you more, and home resale value

    • paying stupid rent and putting the difference from that above into the dumbest of minimally-performing stocks.

    After 5/10/20 years, we pretend we’re gonna cash out from both options and compare cash on hand after each.

    There are really few scenarios where the bungalow owner comes out ahead.