• psvrh
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    3 months ago

    90%?

    Oh my sweet summer child, rent is normally 150% of the mortgage.

      • Pyr_Pressure
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        3 months ago

        Canada at least.

        I can get a mortgage for an apartment for $1400 a month. Rent in the same spot would be at least $1800 if not $2000.

        People buy housing to rent out because it’s profitable right away, they aren’t just “taking the risk” that the house might not go up in value.