• qjkxbmwvz@startrek.website
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    9 months ago

    “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…

    • Doubledee [comrade/them]@hexbear.net
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      9 months ago

      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?