• chiliedogg@lemmy.world
    91·
    9 hours ago

    Yeah. By paying the mortgage plus 30% on the property they bought at double a fair market rate just to keep me from buying it for myself.

    I love paying double in rent what I would pay for a market-rate mortgage and getting no equity in return.

    Thanks landlords!

    • dan@upvote.au
      1·
      2 hours ago

      I love paying double in rent what I would pay for a market-rate mortgage

      It’s totally different where I live (in the San Francisco Bay Area)… Renting is cheaper than buying here. A lot of the landlords bought their property a long time ago when it was much cheaper.

    • letsgo@lemm.eeEnglish
      2·
      5 hours ago

      If it’s that simple, why don’t you just buy somewhere?

      It was for me, so I did. Went from paying £375/m rent to £200/m mortgage.