1. The 20 % deposit has to be taken into the calculation as well.

    2. You are completly neglecting insurance.

    3. You are negleticing maintanance.

    4. You are comparing two different properties.

      1. The 20% deposit is the entire point. It’s the barrier of entry to home ownership that keeps people renting. Of course I factored it in, it’s why I spoke of a mortgage of $344k and not $430k.
      2. What does insurance have to do with anything? We are comparing rent to repayments. We have renter’s insurance now. We’d be changing that.
      3. Are you saying you spend over $100 per week, every week on maintenance?
      4. True. We’ve downsized from a four bedroom house to a three bedroom townhouse. You’ll just have to take my word for it that 4 bedroom houses in the next suburb go for about the same as the place we have because I’ve already told Lemmy enough about where I live.