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Originally Posted by Tillys_mom  That's the thing with rent. Where we are moving the rent is higher than your mortgage payment. Where your mortgage would be 800 your rent is 1,700. We can't afford that.  |
That doesn't make sense. Are you factoring in taxes, insurance, etc? That stuff tacks on an extra $500/month to our mortgage payment. Make sure you have ALL the information first.
If it's that cheap to buy a house then why would rents be so high? Generally when real estate is less expensive rent should be too. You could probably rent someone's house who can't sell and is desperate for just enough to cover their mortgage. Like our neighbors couldn't sell and they are renting out their townhouse that's identical to ours...