Not buying until rent to ratio more make sense. Me & my wife pay $850 rent in total for a nice older in RQ 2000sqfts house sharing with 2 other housemates.
If i have to buy the same house, it would cost me $2,400 to 2,500 a month.
Well actually it looks like you’re pretty close to even now. Assuming that you get a few hundred a month in tax deductions from the interest and property taxes and keep your roommates (I’m assuming they’re paying $850 also), you might only be paying $100-200 more a month and you’d own the place. Not too shabby.
