• michaelmrose@lemmy.world
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    14 hours ago

    If you lived in America your rent would be 3000 and your mortgage 3000. 10 years from now you would be paying 4000 whilst they continue to pay 3000 or 2000 even if they bought during any of the 4 crashes we have had in the last 20 years.

    • kryptonidas@lemmings.world
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      9 hours ago

      True, mortgage does not increase over time. As long as I stay put it is somewhat limited but over enough time that will be a significant factor.