Renting is better than owning a house
I've heard some people say that owning a house incurs too many expenses compared to renting in Melbourne . Is this true?
Specifically, I'm curious about:
- What costs should I consider when owning a home that may not apply to renting?
- Do mortgage payments generally exceed rental costs?
- How do maintenance and property taxes factor in?
I appreciate any insights or personal experiences you can share . Thanks !