“Lemmy doesn’t have the hive mind like that toxic Reddit.”
Meanwhile, you get downvoted because you’re right 🤦
For everyone downvoting, go compare Craigslist rent prices to Zillow/Redfin listing prices with 20% in a major city.
You are of course right, at least for my part of the world (high CoL USA city). Renting a 3 bedroom will run 4k for something modest (5 or 6 for something nice maybe?). Buying a 3 bedroom will run 10k or so with 20% down. Buying is definitely more expensive in the short term (long term is another story).
Only way for mortgage to be more than rent is for something purchased a while back, or for a new purchase with a large % down payment. Which absolutely happens, but sheesh, parent isn’t wrong…
Wait your position is that landlords are renting out places in major US cities at a lower cost than the mortgage? Are they billionaire philanthropists?
They were down voted for treating hyperbole as a “gotch ya!” It doesn’t have to literally be twice the cost of the mortgage for the fact to stand that renting is more expensive than owning.
It’s not a “hive mind” thing, it’s a “missing the point” thing.
Yeah we are angry and it’s awesome. People should be angry at people profiting off of others hardship, unless your some kind of soulless robot with no brain.
“Lemmy doesn’t have the hive mind like that toxic Reddit.”
Meanwhile, you get downvoted because you’re right 🤦
For everyone downvoting, go compare Craigslist rent prices to Zillow/Redfin listing prices with 20% in a major city.
You are of course right, at least for my part of the world (high CoL USA city). Renting a 3 bedroom will run 4k for something modest (5 or 6 for something nice maybe?). Buying a 3 bedroom will run 10k or so with 20% down. Buying is definitely more expensive in the short term (long term is another story).
Only way for mortgage to be more than rent is for something purchased a while back, or for a new purchase with a large % down payment. Which absolutely happens, but sheesh, parent isn’t wrong…
Wait your position is that landlords are renting out places in major US cities at a lower cost than the mortgage? Are they billionaire philanthropists?
They were down voted for treating hyperbole as a “gotch ya!” It doesn’t have to literally be twice the cost of the mortgage for the fact to stand that renting is more expensive than owning.
It’s not a “hive mind” thing, it’s a “missing the point” thing.
Removed by mod
Lmao what a little dweeb
Yeah we are angry and it’s awesome. People should be angry at people profiting off of others hardship, unless your some kind of soulless robot with no brain.