Reply #41: How did you calculate how much you saved by renting? [View All]

[angstlessk]

BTW, we paid cash for our home, no rent, no mortgage...just repairs and maintenance, taxes and insurance...YOU TOO pay for those things, if you look at how to calculate the amount to charge for rent, you not only pay for repairs and maintenance, taxes and insurance, you pay for the time the apartment is expected to be vacant...about 5% of the time, plus the cost to advertise the rental after you move...and those pesky cleaning expenses.

Sorry, Charlie, it might be more 'budget' friendly, (as the owner calculates all costs into one monthly payment) but it ain't cheaper to rent vs own