A roof typically lasts 20-30 years. Let's say 20. I just had mine replaced for 10k, but let's say you have a massive roof and it's 20k. That's $80 a month over 20 years, which is less than the rent increases most people see year to year.
Also when I replace my roof, it adds to the value of my house. When my landlord increases my rent to cover the new roof, it adds to the value of their house.
You're paying maintenance costs on the property either way, you just pay it through rent, building equity for the landlord. Oh yeah, and the roof repair on a rental is tax deductible for a landlord.
So sure, you do need some extra cash on hand for surprises, but it's leaps and bounds better than renting in the long run financially.
polypolypolygon t1_j6zx7b8 wrote
Reply to comment by mymaineaccount46 in So, naive question but, how do we go about politically motivating housing costs? by [deleted]
A roof typically lasts 20-30 years. Let's say 20. I just had mine replaced for 10k, but let's say you have a massive roof and it's 20k. That's $80 a month over 20 years, which is less than the rent increases most people see year to year.
Also when I replace my roof, it adds to the value of my house. When my landlord increases my rent to cover the new roof, it adds to the value of their house.
You're paying maintenance costs on the property either way, you just pay it through rent, building equity for the landlord. Oh yeah, and the roof repair on a rental is tax deductible for a landlord.
So sure, you do need some extra cash on hand for surprises, but it's leaps and bounds better than renting in the long run financially.