ilmscore | Home Ownership Costs Predictions

N/A

Accuracy

Recent Predictions

Total: 4

Correct: 0

Incorrect: 0

Pending: 4

Unrated: 0

Prediction

Author

Predicted at

Status

Video

Homeownership incurs additional costs like repairs (e.g., electricity) that renters do not typically face, regardless of initial mortgage payments.

"So, no, it is not always more expensive, even if it is literally on paper. Amazon Chase. You need to..."

Jul 25, 2025

Pending

In the first year of homeownership, mortgage principal paydown is approximately $4,100, averaging $344 per month.

"in the first year you'd be paying down your mortgage by $4,100 or about $344 a month"

Feb 12, 2025

Pending

The monthly cost of owning a home is 61% higher than renting an apartment, and this trend is expected to continue.

"The monthly cost of owning a home today is 61% more than leasing an apartment and that's not going t..."

Jun 17, 2024

Pending

A 20% down payment on a home avoids Private Mortgage Insurance (PMI) and potentially secures a lower interest rate, leading to more immediate equity.

"if you want to really be able to afford a home, you need to be putting down 20% when you put down 20..."

Jan 7, 2024

Pending