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by sgerenser
843 days ago
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That’s a completely dumb statistic since it doesn’t talk about the cost. Of course someone would rather have something rather than nothing, if the something cost nothing. In reality, if the “something” cost $1 Million and only saved you $2500/mo, is it actually preferred? |
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Paying rent instead of a mortgage is a cost.
If the rent is bringing in less money than the upkeep costs of the property, why is the landlord renting it out?
There's an entire segment of the market that is priced out of buying. That doesn't mean they want to rent.