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Why would anyone buy a property to rent it out if buying was more expensive than renting?
by jjeaff 5y ago
Why would anyone buy a property to rent it out if buying was more expensive than renting?
- bluefirebrand 5y agoBecause owning a house builds equity and renting doesn't? Owning a house and having renters pay for your house to build equity is extremely valuable. Even if they only pay 80% of the mortgage, it's still equity you are only paying 20% for. Besides which, most renting is only for part of a building, so it's much cheaper than buying a whole building and property.