I get that. I'm having my electrical box replaced this Friday due to corrosion of the rails from a water leak, which is putting me out $600 all told because we initially thought it was the air conditioning unit that went bad. Ouch. Still, I'd rather be in control of the situation than have a landlord as a middle man. My mortgage (sans taxes) is only about $800 a month for a 2 bedroom rancher with full basement and attic, and a 180 foot long yard; I know some local places where the rent is that high for much less property/housing, yet those occupants will never see equity in their home or any kind of ROI, which is a shame.
I'm renting a 1700 sq ft house right now for $1360 a month. We are in the process (inspection is tomorrow) of buying a 2000+sq ft house with a mortgage payment of just over $1000 a month (does not include taxes and got a loan with no PMI). Both are 3 bedroom houses but the one we are buying has a completely updated kitchen with granite and new stainless steel appliances while the rental had crappy laminate countertops and cabinets and standard white appliances. Even if we average $2500 a year in repairs we are still saving money.