Comment on A conundrum

• Hansae@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

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

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• rabber@lemmy.ca ⁨2⁩ ⁨months⁩ 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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