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Rents have increased by a similar factor, as the markets are linked. If you can buy, you can choose between buying and renting, but you can''t choose not to to
by jlokier 4y ago
Rents have increased by a similar factor, as the markets are linked. If you can buy, you can choose between buying and renting, but you can''t choose not to to pay a large increase on a little house one way or another.
What's more, unlike long term fixed rate mortgages, rent tends to increase every year according to market conditions, so when renting you can't avoid the increase by staying where you are.
- foogazi 4y ago> What's more, unlike long term fixed rate mortgages, rent tends to increase every year according to market conditions Market conditions means rents can decrease too And unlike mortgages you can’t finance rents - it’s based on what the tenants are willing to pay