Housing Costs - Stable Monthly Payments

When you rent any home or business premises you can certainly expect your rent to increase on a regular basis - perhaps annualy. If you get a fixed rate mortgage when you buy your home, you have the same monthly payment amount for thirty years. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage – and interest rates aren’t as volatile now as they were in the late seventies and early eighties.

Imagine how much you may be paying in rent... ten, fifteen, or even thirty years from now?

Which makes more sense?