I have been renting the same unit for 15 years now. It was 400/mo when I moved in 15 years ago, and it's 650/mo now, 15 years later.

I have paid about 90K in rent now over the last 15 years and this also includes water and heat.

My friends with houses in my area pay about that much in property taxes plus heat that I pay for rent...

I pay this small amount and make 6 figures and I put the majority of my income into index funds. I am fairly sure that I am coming out way ahead of a house. Plus how do you put a value on the time sink for maintenance and upkeep? Mowing, shoveling, etc.

▲

nyanmatt 4 hours ago | parent | next [-]

Again, you are truly blessed. I've lived in multiple places (California) where the rent increases by the maximum allowed amount every year ($100-$200). None of your friends refer to their houses as "units", do they? You can't compare your situation with theirs lol

	▲	SirMaster 4 hours ago \| parent [-]
		Why shouldn't I compare though? I have looked at buying a house multiple times and I can't make it make sense personally. It's so much more expensive and more work. I just need a place to cook and sleep and keep my things.

▲

locusofself 2 hours ago | parent | prev [-]

650/month is incredible. My mortgage payment is almost eight thousand dollars.