@LuFins-Dad said in Home: Buying vs Renting:
Are you including your Condo or HOA fees? Homeowners insurance? I take it that you haven’t had any major expenses such as a new roof or HVAC system? Oh, don’t forget to add your property taxes...
Yes, owning is ultimately better than renting, but it is a closer thing than most realize.
Yeah we have condo fees, a total of about $60,000 over 11 years, as well as insurance, taxes, etc. I didn't want to muddy the original post with too many details, but those are 100% relevant. Luckily we haven't had any major work needed.
And yeah, it's definitely a closer thing than most realize especially if you factor in the "your home value might actually stay the same or go down" over the short/mid term.