• 0 Posts
  • 7 Comments
Joined 1 year ago
Cake day: July 1st, 2023
  • fishpen0@lemmy.worldtoNews@lemmy.world•Owning a home has rarely been this much more expensive than renting
    11·
    13 hours ago

    insurance

    I was shocked as a homeowner to find that home insurance is not that much more expensive than renters insurance, especially for a condo where the HOA is sharing a large amount of the cost

    taxes

    I mean, especially if you’re already a homeowner and your assessment is years old, this amounts to less than $1k/yr.

    Using the above poster’s example both of those costs annualize out to still be cheaper than rent

    It’s actually horrifying how fast rent has gone up. Our mortgage in Boston went from being $1000mo more than average rent to $500mo under average rent in only two years. Even with the tax hike we just passed in my town, my total cost of ownership is far below renting even accounting for the savings we set aside for upkeep and emergencies

    Plus this whole time we’ve been improving the property. We now have solar on a 0% apr loan and don’t have electricity bills anymore and the mo billing for the panels is less than our old electric bills. We also used a state program to replace all the insulation and windows at cost with another 0 apr loan. So our gas bill is now only ~$80-100 compared to the $400-500 gas bill in the shithole apartments around here with 200 year old paper insulation. And if we want we can use another state program to replace our furnace with a heat pump and lower that further.

    So our relative cost went down even more as utilities keep going up and renters have zero control over their homes energy usage

  • fishpen0@lemmy.worldtoMemes@sopuli.xyz•Just the essentials
    8·
    2 days ago

    I miss being paid this way. It’s actually incredibly convenient to always have all bills and automatic transfers tied to exact dates you know you are being paid. I could keep my checking account at nearly zero with no float and have all my money earning interest

    Being paid biweekly sucks because one month it’s the 8th and the 22 and then another month it’s the 12th and 26th and then for some reason there are two months where I get paid three times, etc… and I have to keep basically a whole paycheck sitting in checking to absorb bills and whatnot because the day I get paid is constantly changing.