/biz/ - Business & Finance

Give it to me straight bros. Is renting a house really that much worse than owning it?

With house prices the way they are now, rent and mortgage would be between $2000 and $2300. With the mortgage though, the down payment would be close to $100k, I'd be paying for utilities, property tax, etc, and would be in the same house for 25 years at least. Meanwhile with renting, I'd be a rentcuck, but at the same time I'd still have all my down payment money saved and wouldn't be on the hook for paying for anything else.

I guess I don't really mind staying in the same place renting for a long amount of time, but the uncertainty of renting and dealing with a landlord make me wary. At the same time though I've only got about $130k saved and would have to deal with bidding wars and expensive repairs if something goes wrong.

Good evening, /biz/lets

Where I am (Canada) the prices have boomed astronomically, mostly chinese/pajeets have been buying up property in my area and the market has been so hot that most homes don't last a day for sale and go over asking price.

In this thread we discuss everything related to housing and real estate.

How are the prices in your area? Has the price/rent gone up or down in the last few months?

Housing/Real Estate General