379
submitted 9 months ago by cyclohexane@lemmy.ml to c/memes@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] Anticorp@lemmy.world 8 points 9 months ago* (last edited 9 months ago)

I think the high price of housing will eventually prevent most individuals from buying a rental property, and like every other industry, the immensely wealthy corporations will take over. My last landlord paid $800 per month for her mortgage on the place. If someone wanted to buy a comparative property to rent out today, their mortgage would be closer to $5400 per month. There aren't a lot of people who could commit to that. The ladders are being pulled up.

this post was submitted on 06 Jan 2024
379 points (94.2% liked)

Memes

45459 readers
1124 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS