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by foxglacier 272 days ago
https://homes.co.nz/address/auckland/mangere-east/16-fleming...

Estimated rent: $600/week Estimated mortgage repayment: $1000/week

If you get a 30 year mortgage, more than $600 of that will be interest near the start.

I didn't cherry pick this. I just clicked randomly on a big city until I found one with both estimates available.

1 comments

That's an estimate from a third party with nothing to say on the matter. Now show me a real offer, where the rent is less than the mortgage for the same unit.
No. Too much hard work for something that's going to give the obvious result.

You show me your source of information saying that it's never the case.