GiddyGap@lemm.ee to News@lemmy.world · 2 days agoOwning a home has rarely been this much more expensive than rentingfinance.yahoo.comexternal-linkmessage-square152fedilinkarrow-up1328arrow-down17
arrow-up1321arrow-down1external-linkOwning a home has rarely been this much more expensive than rentingfinance.yahoo.comGiddyGap@lemm.ee to News@lemmy.world · 2 days agomessage-square152fedilink
minus-squarebrianary@startrek.websitelinkfedilinkarrow-up9arrow-down2·11 hours agoDo they mean “buying” instead of “owning”?
minus-squareTodd Bonzalez@lemm.eelinkfedilinkarrow-up2arrow-down2·11 hours agoNo. Having mortgage dues doesn’t make one not a homeowner.
minus-squareArchRecord@lemm.eelinkfedilinkEnglisharrow-up2·2 hours agoBut having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.
Do they mean “buying” instead of “owning”?
No. Having mortgage dues doesn’t make one not a homeowner.
But having a mortgage does put you on the path to becoming one.
Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.
Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.