Same with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you'll have no monthly payment, whereas renting means you'll always pay and the landlord has the final say in matters.

[–] CyberMonkey404@lemmy.ml 3 points 1 month ago (9 children)

But with a mortgage you own the home

Do you? Or do you start owning it after paying off the mortgage?

[–] jonne@infosec.pub 3 points 1 month ago (7 children)

At least you can't get kicked out or have your rent raised for arbitrary reasons. Some renters are basically moving every year.

[–] CyberMonkey404@lemmy.ml 3 points 1 month ago

Fair enough, I suppose. Although I'm relatively sure that the bank can mess with the credit conditions

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