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Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by pjc50 on Saturday July 22, 2023 @03:40AM (#36824243)
> owning a house costs way more than the mortgage itself, that renters dont pay

The renters do pay. It's included in the rent. Unless you think the landlords are, everywhere, happily making a loss?

Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by refurb on Saturday July 22, 2023 @05:31AM (#36824789)
If a landlord bought a decade ago their carrying costs can be a fraction of what they would be today. So they can still cover costs at a rent level far lower than buying today.

And in HCOL places it’s not unusual for the landlord to not break even on a new purchase when you add up all the costs. Price appreciation (hopefully) makes up the difference.