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by bluefirebrand 1832 days ago
I thought the same, renting is supposed to be cheaper isn't it? It's supposed to be the option for the people who can't afford to own.

People opting out of ownership in favor of renting is an oddity, and usually is nothing about money and instead is about not wanting to be anchored by a mortgage.
1 comments
jjeaff 1832 days ago
Why would anyone buy a property to rent it out if buying was more expensive than renting?
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bluefirebrand 1832 days ago
Because owning a house builds equity and renting doesn't?

Owning a house and having renters pay for your house to build equity is extremely valuable. Even if they only pay 80% of the mortgage, it's still equity you are only paying 20% for.

Besides which, most renting is only for part of a building, so it's much cheaper than buying a whole building and property.

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