21 ms·
Yeah, but they still have a place to live. If the landlord is losing money on their asset, what's one place they could make up the difference?
by ambicapter 5mo ago
Yeah, but they still have a place to live. If the landlord is losing money on their asset, what's one place they could make up the difference?
- jandrewrogers 5mo agoThe landlord isn't losing money. Totally different cost basis. The landlord rarely has a carrying cost that is equivalent to the renter buying the same property with a mortgage. It is frequently half that or less. I've sold a home I lived in to rent something equivalent because the rental rate was a fraction of my carrying costs. Saving the difference in costs added more to my net worth than the appreciation on the property.