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Joined 1 year ago
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Cake day: June 18th, 2023

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  • But a rental isn’t a mortgage. You don’t get your money back when you return any rental item, why would a property be any different?

    right, thats why Im confused why anyone would rather rent.

    also Im hearing an alien language. Im living in a rental property, I’ve never had one furnished, and I’ve been threatened with eviction for not managing the property myself. I aint seen my landlord in years.

    Also, please dont buy into the propaganda that wealthy people are taking on risk. Its never about risk, its about having enough money to own the things that people need. They’re not gonna stop needing it.


  • It’s how mortgages work. You make a monthly payment to live somewhere, same as renting. In the rental scenario, it all stays with the landlord. In the mortgage scenario, you have paid off some portion of the price of the house. When you move out, you sell the house, and use that money to pay the rest of what you owe, and the difference is yours. It’s like selling your car when buying a new one, except housing in the US tends to go up in price even when used.