this post was submitted on 27 Feb 2024
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I feel like there should be a difference between "rent" and "mortgage rent" (programming.dev)
submitted 8 months ago by danhab99@programming.dev to c/chat@beehaw.org
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Since the housing market looks like a crowd of people just signing mortgages as fast as possible just to then turn around and charge that mortgage plus a little bit.

I shouldn't pay someone's mortgage like seriously this is just adding an unnecessary problem to the real problem of "living somewhere"

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[–] furrowsofar@beehaw.org 1 points 8 months ago* (last edited 8 months ago)

I am guessing but probably about half of the cost of rent is related to true costs and the other half related to the financial mumbo jumbo of capital opportunity cost.

Just based on my experience owning our house.