Typically, rents are less than mortgages, and almost always less than the total costs of homeownership. (mymoneycounselor.com)
Even if your home appreciates in value over time, by the time you pay interest and add up other costs of homeownership, it can be difficult to even break even. (moneymastermindshow.com)
Count on property taxes to be the second - highest cost of homeownership, right after the mortgage. (chicagotribune.com)