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That doesn't really make sense to me. The homes you rent are owned by the landlord and they need to pay the mortgage and make a profit.
by davidt84 2y ago
That doesn't really make sense to me. The homes you rent are owned by the landlord and they need to pay the mortgage and make a profit.
- rapfaria 2y agoFound the landlord. OP mentions the cost of moving when you get kicked, and perhaps the "anxiety" cost, when you get a message on January 1st, asking if everything is okay, and he is thinking about selling the house...
- davidt84 2y agoEh? I'm saying renting is going to be more expensive (and less secure, as you say), I'm not a landlord...
- Sohcahtoa82 2y ago> Found the landlord. I think you misinterpreted that comment. "They need to pay their mortgage and make a profit" is meant to by a cynical take on landlords.
- whatever1 2y agoLandlords many times have other objectives rather than being cash flow positive. One might want to speculate on the future price of the property. So instead of having empty the property they just rent it. This is obvious in the west coast where rent is so much cheaper than monthly payment of a 30yr mortgage. Other landlords use property to just launder money. So any income is useful.