Only now, it's peace of mind knowing that after you've used all your cash
reserves coming up with your down payment, you won't have to shell out another couple of thousand to fix or replace the furnace or hot water tank any time soon.
One of the factors they used was the cost of renting vs. owning but the ownership cost is lowballed because it only includes the house
payment (mortgage, taxes, insurance), ignoring the true cost which also includes maintenance, repairs and
reserves for capital improvements... not to mention
coming up with 20 %
down payment and qualifying for a loan.