The Rent vs. Buy Calculation: More Than Just Monthly Payments
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Rent vs buy math is simple over 10 years. If rent is $3,000 today and increases about 4% per year, that same place can cost around $4,400 a month in a decade. A fixed-rate mortgage payment can stay steady while you build equity through principal paydown and home appreciation. Even a $400,000 home appreciating 5% annually could be worth about $650,000 in 10 years. Same payment. Two outcomes. #realestate #mortgagetips #firsttimehomebuyer
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