We have been “new” car shopping lately. I am floored at the prices of pickups. I saw one that was $599 a month ($600).
I pay $900 for a mortgage. That is another mortgage.
My house payment is less than your $600 dollar truck payment. Add taxes and insurance and I am still $400 below what it would cost to rent the same house here.
I don’t know how these people around here can afford to pay $1200 to rent a house. And that is for a small 12-1500 square foot house. Not top of the line houses.
And that $1200 would take the average worker here over 100 hours to earn before taxes.