I had a new furnace put in last year and the cost was less than a month’s rent. Granted, I “knew a guy” but still, the quotes I got from others were two months of rent or less and you’re not going to replace a furnace every year or anything close to that. I’m not renting btw, this was for my own house. I don’t like the idea of being a landlord.
Rent is $3000 a month around here. Mortgages aren’t a fair comparison since there are many factors in reducing that monthly payment. One problem I’ve heard of is people being denied on their mortgage application because they supposedly don’t make enough or have good enough credit so they’re stuck making much more expensive rent payments instead. Check out the rental market near you, it’s likely more expensive than your mortgage payment.
I had a new furnace put in last year and the cost was less than a month’s rent. Granted, I “knew a guy” but still, the quotes I got from others were two months of rent or less and you’re not going to replace a furnace every year or anything close to that. I’m not renting btw, this was for my own house. I don’t like the idea of being a landlord.
Damn, much is rent near you? My mortgage is only $1k/mo including taxes and insurance.
Rent is $3000 a month around here. Mortgages aren’t a fair comparison since there are many factors in reducing that monthly payment. One problem I’ve heard of is people being denied on their mortgage application because they supposedly don’t make enough or have good enough credit so they’re stuck making much more expensive rent payments instead. Check out the rental market near you, it’s likely more expensive than your mortgage payment.