This might be duh for some people, but if you’re like me and considering a mortgage; at today’s rates in the US at around 5-6%, over 30yr mortgage you will pay about same in interest as you will for your house price.

Your $500k house will cost you around $1M total over thirty years.

I was surprised.

https://m.mortgagecalculator.org/?q=A1Nzy-8KX

  • davel [he/him]@lemmy.ml
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    20 hours ago

    If you’re renting you’ll be paying pretty close to the same amount but won’t have anything to show for it.

    You also won’t have had to maintain a house or pay property taxes. I sold mine and rent now because I found ownership to be a PITA. YMMV.