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>Current renters will have lower potential to save on a monthly basis It's cheaper to rent than to buy in many markets and if you own you have to factor in mai
by diogenescynic 4y ago
>Current renters will have lower potential to save on a monthly basis
It's cheaper to rent than to buy in many markets and if you own you have to factor in maintenance, property taxes, and insurance. It's definitely not as black and white as you're making it out to be.
- Beldin 4y ago> if you own you have to factor in maintenance, property taxes, and insurance. Around here, if you rent, your landlord factors those things into the rental price. Admittedly not necessarily the insurance; that typically is just a requirement of the lease.
- diogenescynic 4y agoThe price to rent ratio compares the price to rent vs own. It’s definitely cheaper to rent than to own in many places. You can also get rent control in many cities so comparing renting to owning is going to vary with the specific situation.
- Beldin 4y agoI'm sorry, I must be missing some subtelty here. If renting is indeed cheaper than owning, landlords would be subsidising renters. That can't be correct...