Re: How much can I afford to pay in rent?
Agreed on the time not mattering.
I've found it consistently hilarious when people who own properties whine about not making enough money, forgetting about the catastrophe of lost rent they have avoided by owning instead of renting. Even if you break even after many years of home ownership, it's nothing compared to the complete butt-f*cking you would have gotten paying rent. Unbelievably serious money differential there.
You have to lose very big to not come out ahead owning compared to renting.
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