Is home ownership worth it?
My husband and I have a mortgage of approx 300k, our house in the current market is worth about 1 or 1.1 million. We have all the typical expenses, including property taxes approx 525 a month. This year we replaced some appliances, a furnace, AC unit coming in the spring and planning a large landscaping project for the summer for our front entrance.
Honestly, as is normal with home ownership the list of projects or 'must replace' items seems never ending. I often wonder if selling and renting (where the landlord can worry about these expenses) is a better option. I mean we can sell and invest and (not touch) our equity in the current house. We have 2 youngish kids to put through post secondary school. This plan honestly, seems to make 'some' sense. But getting out of the housing market is scary. Anyone choose to rent when they can buy?
Honestly, as is normal with home ownership the list of projects or 'must replace' items seems never ending. I often wonder if selling and renting (where the landlord can worry about these expenses) is a better option. I mean we can sell and invest and (not touch) our equity in the current house. We have 2 youngish kids to put through post secondary school. This plan honestly, seems to make 'some' sense. But getting out of the housing market is scary. Anyone choose to rent when they can buy?