Mortgage and exploring the topic
Rental payments and home values are significantly out of balance with one another in a lot of areas of the country right now. For example, to rent a house in Washington DC, your monthly rent would be significantly lower than what your monthly mortgage payments would be for the same house. You can invest the money you saved by not having a big home mortgage payment and you might come out ahead in the long run. There are emotional considerations when you compare renting versus buying. As a renter, you would not be able to make changes to the property like you would if you owned it.