I bought my first apartment because it was like €500 per month cheaper than renting a similar place. ¯\_(ツ)_/¯
Comment on A conundrum
devedeset@lemmy.zip 3 weeks agoMortgage payments are almost never lower than rent unless you are seriously downgrading
shane@feddit.nl 3 weeks ago
rmuk@feddit.uk 3 weeks 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.
Lazylazycat@lemmy.world 3 weeks ago
Here in the UK rent is always much higher than mortgage payments. Where do you live?
rabber@lemmy.ca 3 weeks ago
Mortgage is lower than rent in BC but of course it is, you need like minimum $100k down payment to own
Hansae@lemmy.dbzer0.com 3 weeks 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.