The Cost Difference Between Renting and Buying

Jay Parini: Mortgage rates fluctuate like the wind, particularly in a rising rate environment today. He says if someone were to lease a $350,000 home, that's typically going to be around $2,500 a month. Parini: Back in 2019, 2020, when rates were much lower, what we found is our monthly payment was $200,000 to $300 more than the mortgage had been. "People still were choosing to rent because they saw that these guys are paying for property taxes"