Comment on A conundrum

• devedeset@lemmy.zip ⁨1⁩ ⁨month⁩ ago

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

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  • Hansae@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ 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 ⁨month⁩ 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 ⁨month⁩ 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 ⁨month⁩ 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 ⁨month⁩ 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 ⁨month⁩ 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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