Most of the time, unless you buy a house that is waaaaay out of your means, your total monthly payment including principle, interest, taxes and fees will be less than rent. I can buy a 3BR house in my area and pay alot less per month than what I pay for rent in my 1BR apt. Even with higher utilities to heat and cool a larger space, I'd still be paying less in total. Then consider my mortgage interest will be tax deductible, and I save even more money. If I have to pay for repairs and maintenance, that could come out of the money saved by no longer paying rent. And this says nothing of the fact that a mortgage payment equals buying an asset I could theoretically live in forever, where paying rent only serves to put money in someone ELSE's pocket.
I think where most people run into problems with their house payments costing more than rent is exactly what scorpio said - they overbuy.




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