Comment on A conundrum

rabber@lemmy.ca ⁨1⁩ ⁨day⁩ ago

• aBundleOfFerrets@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  Braindead take? This is just the reality of the situation for a lot of people

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  • devedeset@lemmy.zip ⁨1⁩ ⁨day⁩ ago

    Mortgage payments are almost never lower than rent unless you are seriously downgrading

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    • Hansae@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

      Given the figures are in pound sterling, quite often in the UK the mortgage payments are signficiantly lower than renting, 100% makes sense when in the context of the British housing market.

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    • shane@feddit.nl ⁨1⁩ ⁨day⁩ ago

      I bought my first apartment because it was like €500 per month cheaper than renting a similar place. ¯\_(ツ)_/¯

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    • rmuk@feddit.uk ⁨1⁩ ⁨day⁩ ago

      Mortgage payments are almost universally lower than rent payments. With rent, you’re paying for upkeep, maintenance, administration, a profit margin and the landlord’s mortgage.

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    • Lazylazycat@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Here in the UK rent is always much higher than mortgage payments. Where do you live?

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    • rabber@lemmy.ca ⁨1⁩ ⁨day⁩ ago

      Mortgage is lower than rent in BC but of course it is, you need like minimum $100k down payment to own

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  • rabber@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    I know that it is why why would you be entitled to own a home just because you can make rent payments? Do you think the bank should give you a mortgage with $0 down? There are enough people buying who can save a down payment just fine

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• FosterMolasses@leminal.space ⁨1⁩ ⁨day⁩ ago

  More like a braindead comment

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