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by ta1243 531 days ago
in the UK people used to rent TVs, a company called "Radio Rentals", and in the days when TVs were unreliable it made sense - you paid a fixed amount per month and got a working TV in return. A service like any other.

That was more akin to renting a house though, rather than borrowing money to buy a house.

1 comments

My stepfather did this and paid for his ancient TV many, many times over. You'll do this with a mortgage too, of course, but to a much lesser degree.
Not really with a mortgage, as you're not looking at the fact $1 today is more valuable than $1 tomorrow.