255
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Feb 2024
255 points (91.3% liked)
Technology
59080 readers
3172 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Okay, wow.
You do know rent is just someone with a mortgage on a house too right? (Paid off or not)
And if that landlords mortgage goes up, that will also make the rent they charge go up. ( Often far more than the rent, as it's percentage related. So, if your friend was renting, he'd be even worse off...
Firstly, apartment complexes and the likes are usually owned by bigger companies with more leverage when negotiating loan rates compared to individuals. Secondly, renting a small apartment while holding on to their down payment money / saving even more is clearly gonna be cheaper than buying a 2 bedroom home in the middle of a city.