Owning a home has rarely been this much more expensive than rentingGiddyGap@lemm.ee to News@lemmy.world – 348 points – 3 days agofinance.yahoo.com163Post a CommentPreviewYou are viewing a single commentView all commentsDo they mean "buying" instead of "owning"?No. Having mortgage dues doesn't make one not a homeowner.But having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you'll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you'll have ever increasing payments, and never own a cent of the property when you quit.For me, my apartments was proprietary of the bank till i managed to full repay the loan.That's not really how loans or equity works, but okay.
Do they mean "buying" instead of "owning"?No. Having mortgage dues doesn't make one not a homeowner.But having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you'll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you'll have ever increasing payments, and never own a cent of the property when you quit.For me, my apartments was proprietary of the bank till i managed to full repay the loan.That's not really how loans or equity works, but okay.
No. Having mortgage dues doesn't make one not a homeowner.But having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you'll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you'll have ever increasing payments, and never own a cent of the property when you quit.For me, my apartments was proprietary of the bank till i managed to full repay the loan.That's not really how loans or equity works, but okay.
But having a mortgage does put you on the path to becoming one. Have a mortgage you pay for long enough, and you'll end up with ever decreasing payments, then no mortgage, and a house. Have rent you pay for long enough, and you'll have ever increasing payments, and never own a cent of the property when you quit.
For me, my apartments was proprietary of the bank till i managed to full repay the loan.That's not really how loans or equity works, but okay.
Do they mean "buying" instead of "owning"?
No. Having mortgage dues doesn't make one not a homeowner.
But having a mortgage does put you on the path to becoming one.
Have a mortgage you pay for long enough, and you'll end up with ever decreasing payments, then no mortgage, and a house.
Have rent you pay for long enough, and you'll have ever increasing payments, and never own a cent of the property when you quit.
For me, my apartments was proprietary of the bank till i managed to full repay the loan.
That's not really how loans or equity works, but okay.