there are a few ways this could not be true. the mortgage could have been locked in a long time ago at a much lower valuation. the rent would still be above th

there are a few ways this could not be true. the mortgage could have been locked in a long time ago at a much lower valuation. the rent would still be above the underlying mortgage, but that doesn't mean I would have bought the house when I was a child. the landlord might own the building outright, or the valuation might be increasing so fast that the rent only needs to offset the rent. either way, the rent could be pushed below the mortgage (or what the mortgage would be). there are some us cities with extremely high price-to-rent ratios. some of those properties must be renting for below the underlying mortgage.