this post was submitted on 03 Oct 2023
129 points (89.1% liked)

Asklemmy

43907 readers
1170 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] mke_geek@lemm.ee -1 points 1 year ago (1 children)

So the 18k for the mortgage just disappear when someone else owns the place?

If it's at the beginning of the mortgage, most of that is interest because interest is front loaded.

[โ€“] neshura@bookwormstory.social 1 points 1 year ago (1 children)
[โ€“] mke_geek@lemm.ee -1 points 1 year ago (1 children)

At the beginning of a mortgage you're really not gaining much equity if that's that your prior comment was about.

[โ€“] neshura@bookwormstory.social 1 points 1 year ago (1 children)

The point is that it doesn't matter if the landlord pays the mortgage or you pay it it is still there. And if the landlord pays it you can be damn certain it's gonna end up in your rent calculation.

[โ€“] mke_geek@lemm.ee 1 points 1 year ago

And if the landlord pays it you can be damn certain it's gonna end up in your rent calculation.

Well obviously, they aren't going to work for free.