Re:Rent control isn’t working in Sweden
by xyzzyz on Thursday August 26, 2021 @02:56PM
(#28319015)
With high interest rates, you might get good return on savings account, but it will make the mortgage payments much higher. Most people prefer to get a mortgage and move in earlier in their lives, instead of saving for decade or two in order to buy house/apartment with cash in their mid 30s or even 40s.
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Re:Rent control isn’t working in Sweden
by unholythree on Thursday August 26, 2021 @06:26PM
(#28321801)
Not only that but if you’re paying a mortgage you’re not paying rent. Buying means your housing cost is now an investment (minus interest, tax, and upkeep) rather than just an expense. Now it could well be a terrible investment, but in theory you’ll own something of value in the end in addition to the housing you had as you paid.