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cookiemountain18 t1_iybkntw wrote

Reply to comment by SmarterShelter in If Buying a House Is Cheaper Than Paying Rent...? by SmarterShelter

It’s not just about monthly expenses, It’s high cost repairs that pop up every couple years.

Your rent is probably covering these things but in a house you have to pay for your electricity/heating/gas, house insurance, and property taxes.

I didn’t buy a fixer upper, but the handful of projects I’ve done over the last couple years require tools which are expensive. Which I assume, if you’re renting, do not have.

It’s better than renting but it’s not cheaper. You also can’t just walk away like you could with a rental.

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SmarterShelter OP t1_iybl42b wrote

That's a good point. I think I'm going to make a spreadsheet and I'll add repairs in against my current rent.

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