this post was submitted on 03 Dec 2023
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Normally renters should be able to enjoy a low price compared to paying off loans.
But since landlords jacked up the price to be equal or more than how much the loan costs each month, they aren't getting that benefit.
That's how landlords operate. They don't buy the properties cash. They get loans and have the renters pay the loans back for them, plus some more for profits. All they do is make housing more expensive.
Actually I think they went and did the math and found that the average mortgage on a house is actually less expensive than rent nowadays. To the point where Banks turning people down because they can't afford their rent is a complete non sequitur, they still do it, it just doesn't make any sense that they do it. You know besides greed and keeping the peasants in their place