@[email protected] to [email protected] • 8 months agoYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.caexternal-linkmessage-square63fedilinkarrow-up1139arrow-down14
arrow-up1135arrow-down1external-linkYoung people paying 'astronomically living expenses': insolvency trusteewww.bnnbloomberg.ca@[email protected] to [email protected] • 8 months agomessage-square63fedilink
minus-square@[email protected]linkfedilink3•8 months agoCanada at least. I can get a mortgage for an apartment for $1400 a month. Rent in the same spot would be at least $1800 if not $2000. People buy housing to rent out because it’s profitable right away, they aren’t just “taking the risk” that the house might not go up in value.
Where?
Canada at least.
I can get a mortgage for an apartment for $1400 a month. Rent in the same spot would be at least $1800 if not $2000.
People buy housing to rent out because it’s profitable right away, they aren’t just “taking the risk” that the house might not go up in value.