this post was submitted on 09 Dec 2023
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[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

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[–] Rusticus@lemmy.world 5 points 11 months ago

It’s the Catalina wine mixer

[–] Poggervania@kbin.social 3 points 11 months ago (1 children)

My mortgage in a HCOL area is around $1350 month (excluding anything else) for a ~350sqft studio. Rent for something similar in the same area I live starts at around $1500 on the cheap end.

The only way you’re saving money with buying vs renting is if you’re not paying a single cent on utilities in the place you are renting (which is highly unlikely around my area). If you’re paying for your own water, electric, internet, and whatnot, you’re basically paying the same whether you buy or rent.

[–] hightrix@lemmy.world 4 points 11 months ago (1 children)

Right but the difference is your rent goes up but your mortgage stays the same.

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[–] TimewornTraveler@lemm.ee 2 points 11 months ago
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