GiddyGap@lemm.ee to

News@lemmy.world · 1 month ago

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

cross-posted to:
housing_bubble_2@lemmy.world

367

Owning a home has rarely been this much more expensive than renting

finance.yahoo.com

GiddyGap@lemm.ee to

News@lemmy.world · 1 month ago

cross-posted to:
housing_bubble_2@lemmy.world

The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.

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WoodScientist@lemmy.world
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1 month ago
Meanwhile, we’re a third through a 15 year mortgage locked in at 2.5% for the life of the loan. If we had been willing to pay a bit higher in interest, we could have locked in a 30 year mortgage rate, probably around 3%.

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