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Is It Better to Rent or Buy a Home?
Money For the Rest of Us
The Cost of Home Ownership
We moved into that house pretty much near the top of the housing market in 2005. So we haven't realized the gain. But then there's cost over that 27 year period. We've paid an estimated $69,000 in property taxes. That's after taking account the tax deduction for property taxes. And so it's about $3,600 per year. It cost us to live in a house. If we could rent for $300 a month or less, we would have been better off renting.
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