"Scott en Aztlán" wrote in message
...
In misc.consumers, JazzMan said:

is it really? how much does your rent go up each year? my payments
will
be the same 30 years from now as they are today. will your rent
payments? i doubt it.

Rent prices around here tend to say within the same general
range as house payments for equivalent sizes, with the rent
being a little higher most of the time.

Go ask your neighbor down the street who has owned his house for 20 years
what
his mortgage payment is. I *guarantee* you it is less than the current
rent for
an equivalent rental unit.

Yep. When DH and I were at that point in our mortgage, our monthly payment
on a 2,200 square foot house in a nice suburban neighborhood was $314, an
amount that would have paid for a nice efficiency apartment in that same
area. I'm no longer in a position to estimate what the monthly tax,
insurance and maintenance costs were, but I doubt if they were much more
than a couple hundred a month. Adding those in, you could possibly have
rented a smallish 2-bedroom.