My wife and I are in our fifth year of house payments. At this point in time, the bills are being paid, but there's not much left over to eat. A lot of stuff that's been sitting in the freezer and pantry for quite some time is being consumed now.My current truck actually did cost more than my first townhouse.
I never made that connection until just now. LOL.
And over the summer when diesel was close to $6, filling did cost more than my first car payment was.
Maybe I'm just old.
However, as we have both reasoned - considering the market right now for housing, we'd both rather be paying what we pay for our mortgage/escrow account than paying rent. For what we'd be paying in rent, we could probably only afford half a house.
It's very odd now too. We lived as renters for 20+ years and everyone on our street was a homeowner. I can count on one hand right now the number of homes that are owned by homeowners. Everything else on our street, in our community is all corporate owned rental homes. And the house on our left has two or three groups of people living there just to make one monthly rent payment.
It's crazy right now.