My mortgage broker's rent-vs-buy speech in Phoenix finally clicked
He pushed me to run the numbers for a 15-year fixed at 6.1% against my current $1,800 rent, and after 3 years of renting I realized I'd paid $64,800 with zero equity. What finally convinced me was his line, 'you're building someone else's net worth,' plus the Phoenix market rising 8% last year. Has anyone else switched sides on this after seeing actual closing costs?