• Ð Greıt Þu̇mpkin
        -12•1 year ago

        How? Mortgage is the same risk exposure as rent with a “landlord” who holds even less responsibility to maintain the quality of the place than in a rent arrangement.

        • @ChefTyler1980
          2•1 year ago

          A loan is not the same thing as rent, see the other response for a start on details.

        • @jj4211
          1•1 year ago

          No.

          Rent will be a bit higher than comparable mortgage payment.

          A mortgage payment actually ends one day.

          If you move out, you get to sell your house and get a lot of money “back” compared to renting, maybe more than you put in even.

          Even without selling, you have “equity” you can leverage to have secured debt at very attractive rates.

      • Ð Greıt Þu̇mpkin
        -9•1 year ago

        How exactly? A mortgage is in practice rent to the bank, complete with them getting to evict you if you turn out to not be able to pay, not to mention that the landlord at least hypothetically is responsible for providing repairs and appliance replacements.

        • SaltySalamander
          2•1 year ago

          How? Because in about 1.5years, I will own outright the house that I’m “renting” by paying off my mortgage. When’s the last time you can say that about some spot you were renting?

          Also, my “rent” is about 5x less than any renter in the area is paying for a similar house.