Because in some places renting is so much cheaper than buying it’s comical. Go look into rent vs prices of property and mortgages in London in the UK for example and then we can talk.

[–] CascadeOfLight@hexbear.net 7 points 1 year ago* (last edited 1 year ago) (1 children)

Renting can literally NEVER be cheaper than buying, because the landlord's mortgage MUST be less than the rent you're paying! If you'd had the option to buy the same place for what the landlord did, you'd be paying significantly less each month.

So what you mean is, landlords bought up all the cheap housing and all that's left to buy is what they can't bleed a profit out of.

[–] WarmSoda@lemm.ee 1 points 1 year ago

Buy me a house then, if they're so much cheaper than renting.

I'll wait.

[–] BurgerPunk@hexbear.net 3 points 1 year ago* (last edited 1 year ago)

I'm not telling them to buy a house. We were trying to point out that landlords are leeches who provide nothing of value and suck up large percentages of peoples income.

The hypothetical here is if you weren't paying your landlord, you would have more money, because you're already paying them amd now you're not.

I've heard the real estate situation in London is particularly awful, even compared with other major cities where its also bad for similar reasons.