this post was submitted on 15 Oct 2023
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Asklemmy
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A house. My mortgage is cheaper than rent, and now I get to actually address annoyances with my living conditions.
It's almost 100 years old, and a bit of an fixer upper, but the important stuff is solid. Last summer I invested in proper drainage around the foundation so that I can start making the basement livable. This year I invested in a proper bathroom. Next year it's a new kitchen. And if time allows I'll start rebuilding the basement mainly for one extra bed room and an office.
That doesn't make any sense. Unless the market at your country is completly broken, that simply does not happen.
Mortgage cheaper than rent here - just outside of Washington DC. (Only true when comparing like for like living spaces, same bedrooms, square feet, etc)