Reply to Huge spread between rent and mortgage payments

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are moving next summer - location isn't set in stone yet. We would prefer to buy, but we're finding that the current high interest rates are pricing us out of homes equivalent to what we're in now - but that rent in the same location is about half what a mortgage would cost us. This is the case across the country and in various size cities. We've purchased 8 houses in the past 15 years, and it's always been the opposite. Is this just because people who've held their mortgages a while can afford to charge less rent to cover, or is there something else going on?[/quote]how many have you sold?[/quote]

All of them. Little equity though, obviously.[/quote]
I was going to say that you should have enough money to pay cash now.
Rent. Should have rented after second home. There are other ways to make money than buying homes. 
[/quote]

Rentals are gross, though. Termites, cracked foundations, mold, dog smell in the stained carpet. I WFH, so I like to be surrounded by clean, nice things. [/quote]

Owned properties are gross too. 
You can pay more for a nicer place. [/quote]

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