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74
A real job (media.scored.co)
posted 1 year ago by MLJFireDragon747 on scored.co (+0 / -0 / +74Score on mirror )
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systemthrowaway on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
>they provide housing for those that can't afford to buy a home and need a place to live.

Then why is rent often higher than a mortgage? Not saying I hate landlords on principle, but modern real estate is jewed to the max.
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konoplya on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
its not often higher than the mortgage. if you were to get a mortgage right now for a 400k house at 6.5% rate 30 year fixed with 20% (80k) down you'd be around $2400/mo. the rent here is about 2k/mo for a 3bed/2bath in the same neighborhood. sometimes the rent is higher than the mortgage, sure, but people rent because they can't qualify for a mortgage and don't have 20% to put down. there's a trade off in everything.
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