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For the landloard to make money your rent is higher than what it takes to 'own' the land, usually in the form of a mortgage. Otherwise its almost always a seco
by monkaiju 3y ago
For the landloard to make money your rent is higher than what it takes to 'own' the land, usually in the form of a mortgage.
Otherwise its almost always a second (or third) plot that is outrightly owned by the landlord, which means they dont need it and itd be better for you to just be able to buy it.
Also the even better answer is public housing.
- AnthonyMouse 3y ago> For the landloard to make money your rent is higher than what it takes to 'own' the land, usually in the form of a mortgage. The landlord can make money by investing capital and then getting a return equivalent to the interest you'd pay to the bank to borrow that amount of money. > Otherwise its almost always a second (or third) plot that is outrightly owned by the landlord, which means they dont need it and itd be better for you to just be able to buy it. But you can buy it. You just go to the owner and buy it from them. What are you supposed to do if you can't afford that right now?