Home > Hotel de'Frugalis - It Costs How Much??

Hotel de'Frugalis - It Costs How Much??

December 1st, 2009 at 12:49 pm

Tried to make this post last night and it went to blipdom. Trying again!

How much does it cost to stay the night in the Hotel de'Frugalis? Or put another way, how much does it cost to live here each day? $13.68.

Mortgage $000.00 (pd. off 9/21/09)
Insurance $001.59
Taxes $001.66
Utilities $010.43
Daily Rate $013.68*
Monthly Rate $410.40
Yearly Rate $4924.80

I am not unhappy with this figure.

Cheaper than most hotels I can think of.

And, we just lowered our rates when we reshopped our house insurance. And costs may go down further this year as my heating bill just came in way under last year's balanced payment plan figures.

However, it does go to show you how much even a paid for home can cost you.

"You paid off your house! AWESOME - now you're on easy street baby!!!"

It might blow somebody's mind to think it still costs to live here if they don't consider true costs. The actual rate above would be higher still if I'd of managed to figure in upkeep, repair and maintenance dollars.

It's here where I get to thinking of something many of us ofteN overlook or just gloss over:

Cost vs. price.

Figuring out the true cost of home ownership.

And then I get into thinking about Use Value vs. Exchange Value.

In many countries a home isn't thought of for it's dollar value like it often is here in the US, but more for the tradition or use value as a home to flourish in that is purchased for generational use, rather than flipping potential or investment potential.

That being considered, here's a nice calculator on the buy vs. rent debate.

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This gentleman's article goes on to help you figure out, if you're in the shopping conundrum of rent vs. buy, how to understand the Rent Ratio. A way to effectively compare apples to oranges. Yes, the article is a bit dated, but the ratio will still work.

Text is and Link is

Okay, so now that begs the question, how much does it cost you to stay in the Hotel of YouAndYours-dom?

12 Responses to “Hotel de'Frugalis - It Costs How Much??”

  1. Petunia Says:

    Wow, interesting calculations. I might have to figure that out.

  2. Broken Arrow Says:

    Thanks for sharing those numbers. Interesting indeed.

  3. Caoineag Says:

    $179 per night the first year (includes all maintenance and repairs) and it will cost about $97 per night the second year (again, includes repairs). To compare apples to apples though, its $45 per night with just my 15 year mortgage, utilities, taxes and insurance.

    Thanks for making me feel better about my upcoming hotel reservations (its cheaper than my house, lol). Can you tell I bought a fixer upper?

  4. LuxLiving Says:

    Let's not even get into the blow my mind figuring it would take to do depreciation vs. appreciation figuring!! Some folks have certainly taken a drubbing on the depreciation front lately!

    We haven't done a lot of major upgrading to our home. Windows is the only really big expense we've incurred. And we spent getting it painted a couple of years ago, so yes, once you include in repairs and maintenance, the price per night will go up. I just didn't have those figures handy.

    We do have a lot of sweat into this one as well.

  5. frugaltexan Says:

    It costs me roughly $10.66 per day, including renters insurance. Smile
    of course my rate is for a 100 sq feet or so .... Smile

  6. Joan.of.the.Arch Says:

    You have nice, low tax. Smile
    $20.49/day for me. Mortgage, small though it may be, is still the biggest part.

  7. zetta Says:

    $98.30/day, not including repairs (which would vary a great deal from year to year anyway.)

    I had fun with the rent vs buy calculator. With our original 7.0% mortgage, the break even was 8 years. Since several rounds of refinancing have brought us down to 4.75%, the break-even would only be 5 years. Our rent ratio is still around 22 -- I wonder what the historical average for southern CA would be?

  8. milehighgal Says:

    The rental rates in Denver are really high and close what you'd pay on a mortgage with all the trimmings. If I lived somewhere where my rent would be 1/2 or 1/3 of something comparable to my house I think I'd seriously consider it!

  9. Ima saver Says:

    $16.43 per day for me and that is without a mortgage.

  10. LuxLiving Says:

    I just wanted to add that I included all of my utilities - electric, gas, water, internet, cable, trash, and landline telephone.

  11. Caoineag Says:

    Ahh. I didn't include Directtv, internet or the cell phone (prepaid, no landline). That brings me up to $48 per day. Trash is part of my property taxes.

  12. CouponAddict Says:

    1191.00 Mortgage & Taxes & insurance
    124.57 Gas & Electric
    64.10 Water & Waste

    16,556.04 per year (Yikes)
    1,379.67 per month
    45.989 per day

    Really makes me realize I cant afford the house I am living in if I want to reduce my work load.

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