Mortgage v. rent in Honolulu: Shaking the money tree

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HONOLULU (KHON2) — The housing affordability crisis has made it very hard for families in Hawaiʻi to switch from renting to buying a home.

With the current home prices and mortgage rates, owning a home can cost up to $10,000 more per month than renting in some areas. Why is that?

Most rent-vs-buy comparisons only consider mortgage costs, but owning a home includes many other expenses…

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