But sometimes…it is. Our kid’s rent more than doubled during COVID. That’s when he started to look. He wanted to somewhat stabilize his housing costs, even knowing that he would have some other expenses as an owner. He found a great townhouse just before the interest rates went way up…and the costs as well. IOW, he found the sweet spot. His total costs, including HOA fees are actually less than what he was paying to rent before the rent increase.
So for some…it’s about stabilizing the housing costs. And that’s OK too.
He has a Roth he contributes to monthly as well…