> Since the less wealthy person couldn’t cover the mortgage to begin with In the US, this isn't true. It's not uncommon for property to rent for higher than th

> Since the less wealthy person couldn’t cover the mortgage to begin with In the US, this isn't true. It's not uncommon for property to rent for higher than the cost of mortgage, taxes and insurance. That is, be profitable from day one (assuming 20% down). People complain about being able to afford a mortgage but not being given one. Or not being approved for a monthly payment of Y and instead paying Y+X a month in rent. In China, the situation you described exists. Have no idea about in Europe.