Most of Europe rents, even people who make 6 figures and live in big cities…there’s absolutely no stigma attached to renting, in contrary people who decided to get a 35 year mortgage for an overpriced house (which often isn’t even a single house but a semi or a house with 3 ft of land around it) to live on the outskirts among conservative simpletons are thought of as suckers…
It helps though that in the EU renters have rights and landlords are extremely limited in terms of raises or contract changes.
Most of Europe rents, even people who make 6 figures and live in big cities…there’s absolutely no stigma attached to renting, in contrary people who decided to get a 35 year mortgage for an overpriced house (which often isn’t even a single house but a semi or a house with 3 ft of land around it) to live on the outskirts among conservative simpletons are thought of as suckers… It helps though that in the EU renters have rights and landlords are extremely limited in terms of raises or contract changes.
I’ve seen European Redditors say that European rental apartments tend to have better layouts and separation between units.
Probably better sound proofed too as they were built as multi units from the start instead of being a regular house renovated into apartments.
That’s what I was trying to get at with “separation”.
There’s nothing like since pax europa chad wandering into a Canadian housing discussion.
Apparently something to do with how stairwells are placed.
…and that the rental price isn’t 90% of the mortgage payment.
90%?
Oh my sweet summer child, rent is normally 150% of the mortgage.
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.