Comment by JoelMcCracken

I mean, it’s not a foregone conclusion that you’ll do better than otherwise. You could buy when prices are high and sell when prices are low. There is an ongoing calculus also about how long you need to live in a house before you end up saving money; it’s something like, if you sell your house within 5 years buying, assuming prices are equal, you’ll loose money bc of various purchase costs.

I pay less for my mortgage than I did for my apartment, probably approximately 85%. That was last in 2016; in general, I understand that locally rent prices have gone up since then. Of course my mortgage hasn’t, but let’s set that aside. Also, my house is much better than my apartments were, so.

Anyway, the issue is that you have to live somewhere, rent vs mortgage. That’s the difference to consider.