I also don’t pay taxes, maintenance, or homeowners insurance. I only have to pay to insure my things.
You can argue those costs are baked into my $1250 rent, and you’re probably right, but I guarantee it’s less than your mortgage and associated costs would be where I live.
Your mortgage isn’t an option for me (or any renters) though. I get to choose between current rate+price mortgages and current rent prices.
Median rent in my county is $1,250.
The cheapest non-manufactured home listed on Zillow in my county with the lowest APR advertised (assuming a credit score of 760+) would have a mortgage payment of $1,642.
That’s without any of the HOI, taxes, commissions, maintenance, PMI, HOA, or other associated costs.
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I’d say you’re spot on with this, I’d love to see the stats of spending prior to black Friday… betting it was lower than all last years.
The Black Friday article in the picture basically explains the last part of your comment. Everyone waited for sales all year and spent now
Plus people are maxing out debt
Probably this, on the heels of: https://lemmy.world/post/8643298
So spending is probably up, but it’s just deepening the debt hole. We’ll see where the bottom of that is soon enough…
I know no one with a lower rent than my mortgage. Literally no one.
I likely do, nice to meet you.
I also don’t pay taxes, maintenance, or homeowners insurance. I only have to pay to insure my things.
You can argue those costs are baked into my $1250 rent, and you’re probably right, but I guarantee it’s less than your mortgage and associated costs would be where I live.
Your mortgage isn’t an option for me (or any renters) though. I get to choose between current rate+price mortgages and current rent prices. Median rent in my county is $1,250. The cheapest non-manufactured home listed on Zillow in my county with the lowest APR advertised (assuming a credit score of 760+) would have a mortgage payment of $1,642. That’s without any of the HOI, taxes, commissions, maintenance, PMI, HOA, or other associated costs.