this post was submitted on 14 Nov 2024
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[–] fern@lemmy.autism.place 67 points 1 day ago (1 children)

No, boomers do still own most things.

[–] Agent641@lemmy.world 80 points 1 day ago (1 children)
[–] Brunbrun6766@lemmy.world 19 points 1 day ago (1 children)

We lease this mess now, for $0 down payment and 5.6% APR*

*For 3 years, then APR subject to change on the whims of the owner

[–] Hideakikarate@sh.itjust.works 7 points 1 day ago (3 children)

Real talk, I honestly don't get the point in leasing, or even how it's different from renting. Sounds more like renting with a different name.

[–] ryathal@sh.itjust.works 6 points 1 day ago

Lease has a specific term, generally long. Rent implies short term or indefinite length.

[–] Brunbrun6766@lemmy.world 5 points 1 day ago

Typically, leasing is long term and renting is short term (contract length I mean)

[–] troyunrau@lemmy.ca 2 points 1 day ago

You're correct. They are the same. Loan may also apply.

However, depending on where you are, there are regional differences in where the terms get used. Locally, you rent an apartment but lease a warehouse (why?). Also, if you rent an apartment and turn over your lease agreement to another person, you are sub-letting the apartment. And "let" also means lease in this context. Err rent. Fuck, I've gone cross-eyed