If you pay 300,000 for a condo, in 10 years you’ll have a paid-off condo that’s worth at least 300,000 and maybe more.
If you continue renting starting at $1500/month, in 10 years you’ll have … what?
The correct way to compare: how much you have to pay someone other than yourself to own the place (interest, taxes, insurance, HOA fees, minus tax savings), vs. how much it costs to rent.
