A lot of folks think that buying a house costs so much more than it really does. Yes, there are some upfront costs, and yes, you’ll be responsible for continued maintenance, but when you crunch the numbers, you may find that you’re throwing money at someone else’s investment when you could be investing that money and growing equity for yourself!
This calculator from NerdWallet gives you a quick and easy breakdown that shows if it makes more sense for you financially to rent or buy. If you want to really dig deep, this calculator from the New York Times gets even more in depth and gets into the nitty gritty details of housing costs. Both are good tools to help you determine if you’re spending your money in the right place!