Asklemmy

43866 readers

1808 users here now

A loosely moderated place to ask open-ended questions

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

333

submitted 1 year ago by arthur@lemmy.zip to c/asklemmy@lemmy.ml

523 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] GenEcon@lemm.ee 2 points 1 year ago (1 children)

[–] Nath@aussie.zone 1 points 1 year ago

The 20% deposit is the entire point. It's the barrier of entry to home ownership that keeps people renting. Of course I factored it in, it's why I spoke of a mortgage of $344k and not $430k.
What does insurance have to do with anything? We are comparing rent to repayments. We have renter's insurance now. We'd be changing that.
Are you saying you spend over $100 per week, every week on maintenance?
True. We've downsized from a four bedroom house to a three bedroom townhouse. You'll just have to take my word for it that 4 bedroom houses in the next suburb go for about the same as the place we have because I've already told Lemmy enough about where I live.