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.
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.