Buying the house would be a lot cheaper if landlord weren’t hoarding properties, then you might have a 1300 a month mortgage instead of a 1300 a month rent
Rent payments are not less than a mortgage payment, that’s the problem. Normal people are struggling to reach the 20% down payment in this economy. Otherwise they would buy. Just because you personally found something with rent lower than a 20-year mortgage doesn’t mean other people can.
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Buying the house would be a lot cheaper if landlord weren’t hoarding properties, then you might have a 1300 a month mortgage instead of a 1300 a month rent
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Rent payments are not less than a mortgage payment, that’s the problem. Normal people are struggling to reach the 20% down payment in this economy. Otherwise they would buy. Just because you personally found something with rent lower than a 20-year mortgage doesn’t mean other people can.
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You just wrote that rents are less than mortgages because you personally had a rent less than a mortgage. You’re the one who needs to read that.
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