rent is $2,400, mortgage is $2,400… but i “can’t afford” to buy?

$2400 rent is….all. $2400 mortgage still requires maintenance, upkeep, property tax payment. It can be a lot, and usually at the worst possible time. BTW, that’s also stuff the landlord deals with at the place you rent. It’s not all profit and greed.

yep in this boat

At $2,400 a month, your income is at least $7,200. If your credit score is around 800 and you have no debt, most banks will loan you up to 45 percent of $7,200, or around $3,200 a month. Y'all stop whining.

Because a mortgage is a loan, so they review your income/finances and if they feel it's a risk due to those reasons, they won't offer. Good landlords should also turn you away if you're monthly income will barely cover the rent, because that too is a risk. Most landlords will accept because ultimately, a person will scrounge what they have to keep a roof over their head. If $2400 is half of your monthly income, you need to find somewhere else to rent or a house that's more affordable. When I bought my house 10 years ago, I was approved up to $180k, but I opted for a $75k home and dumped $40k in to a complete remodel. My house us now valued at $220k and I owe less than $60k on it. A home can be an appreciating asset and is a good investment but you have to be smart with your money!

Overall it still doesn't make sense. I don't care if it's a loan or not. If I can afford one, I can afford the other. I need a roof over my head, I'm going to pay either way!

nothing makes sense when you're being robbed

Yeah well Gurl - I’m a Florida Landlord of 3 properties and you can raise all you like / getting good Tenants is the biggest issue

i spend my money on beer and women yes yes yes

come to Arkansas rent isnt that high yet

mortgage you pay more utilities