Katie

okay, you probably know, generally speaking, what kind of interest rate you can get and what kind of mortgage payment you would have for a home that you would be interested in living in. Then you're considering the unrecoverable costs associated with that decision. So you're talking about closing costs. That's not building any equity. That's just for you to get the keys.

okay, you probably know, generally speaking, what kind of interest rate you can get and what kind of mortgage payment you would have for a home that you would be interested in living in. Then you're considering the unrecoverable costs associated with that decision. So you're talking about closing costs. That's not building any equity. That's just for you to get the keys.

okay, you probably know, generally speaking, what kind of interest rate you can get and what kind of mortgage payment you would have for a home that you would be interested in living in. Then you're considering the unrecoverable costs associated with that decision. So you're talking about closing costs. That's not building any equity. That's just for you to get the keys.

You're looking at mortgage interest. How much are you going to be paying

You're looking at mortgage interest. How much are you going to be paying

You're looking at mortgage interest. How much are you going to be paying

These loans are amortized, so you're really front-loading that interest, which means if you're not going to be in that house very long, the majority of the payments that you're making are probably going to be not all that different from rent from the perspective of how much equity you're building, your property taxes, your insurance.

These loans are amortized, so you're really front-loading that interest, which means if you're not going to be in that house very long, the majority of the payments that you're making are probably going to be not all that different from rent from the perspective of how much equity you're building, your property taxes, your insurance.

These loans are amortized, so you're really front-loading that interest, which means if you're not going to be in that house very long, the majority of the payments that you're making are probably going to be not all that different from rent from the perspective of how much equity you're building, your property taxes, your insurance.

You're probably going to want to set aside about 1% per year the value of the home for maintenance and repairs. And that's not talking renovations. That's like the HVAC system breaks down. So... Once you have a sense for, okay, all in, what is kind of the total cost of ownership that I'm looking at? And what would it cost to rent a similar home or a similar place?

You're probably going to want to set aside about 1% per year the value of the home for maintenance and repairs. And that's not talking renovations. That's like the HVAC system breaks down. So... Once you have a sense for, okay, all in, what is kind of the total cost of ownership that I'm looking at? And what would it cost to rent a similar home or a similar place?

You're probably going to want to set aside about 1% per year the value of the home for maintenance and repairs. And that's not talking renovations. That's like the HVAC system breaks down. So... Once you have a sense for, okay, all in, what is kind of the total cost of ownership that I'm looking at? And what would it cost to rent a similar home or a similar place?

Then you can really start to get into the weeds of, okay, If I'm fleshing this out over the next, say, 10, 15 years, and I know that my housing costs on the buy side are going to remain relatively fixed because that monthly payment is probably going to be fixed based on the kind of loan you get. The taxes and insurance are going to change, but the bulk of that payment should remain the same.

Then you can really start to get into the weeds of, okay, If I'm fleshing this out over the next, say, 10, 15 years, and I know that my housing costs on the buy side are going to remain relatively fixed because that monthly payment is probably going to be fixed based on the kind of loan you get. The taxes and insurance are going to change, but the bulk of that payment should remain the same.

Then you can really start to get into the weeds of, okay, If I'm fleshing this out over the next, say, 10, 15 years, and I know that my housing costs on the buy side are going to remain relatively fixed because that monthly payment is probably going to be fixed based on the kind of loan you get. The taxes and insurance are going to change, but the bulk of that payment should remain the same.

But I know rent is going to be rising by, I don't know, you can actually look in your zip code what the historical rents, you know, increases or decreases are. Rents do go down. But if you want to be, you know, really safe and get, okay, I'm going to assume that this is going to go up by about 3% per year. And you can just compare at what point does the rent begin to exceed the price of ownership?

But I know rent is going to be rising by, I don't know, you can actually look in your zip code what the historical rents, you know, increases or decreases are. Rents do go down. But if you want to be, you know, really safe and get, okay, I'm going to assume that this is going to go up by about 3% per year. And you can just compare at what point does the rent begin to exceed the price of ownership?

But I know rent is going to be rising by, I don't know, you can actually look in your zip code what the historical rents, you know, increases or decreases are. Rents do go down. But if you want to be, you know, really safe and get, okay, I'm going to assume that this is going to go up by about 3% per year. And you can just compare at what point does the rent begin to exceed the price of ownership?

And in the meantime, what... is that margin that I could be investing? What is the opportunity cost of that margin? If I could be putting that in the stock market, what is the opportunity cost of that money going to be as well as the opportunity cost of your down payment?

And in the meantime, what... is that margin that I could be investing? What is the opportunity cost of that margin? If I could be putting that in the stock market, what is the opportunity cost of that money going to be as well as the opportunity cost of your down payment?