Re:Renting Is Cheaper Than Buying, Almost Everywhere
by MuffinFlavored on Friday June 11, 2021 @11:45AM
(#27474842)
> Why pay to rent when you could pay an equivalent mortgage?
I was always under the impression that a lot of people can't scrape together the 3.5% downpayment or don't have good enough credit.
Plus, I think most landlords who rent out houses are looking for a profit. So it would theoretically always be their expenses (mortgage + taxes/insurance + some repairs) + profit, making rent the more expensive option by nature I figured.
I was always under the impression that a lot of people can't scrape together the 3.5% downpayment or don't have good enough credit.
Plus, I think most landlords who rent out houses are looking for a profit. So it would theoretically always be their expenses (mortgage + taxes/insurance + some repairs) + profit, making rent the more expensive option by nature I figured.