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re: Homes in upper middle class neighborhoods going up for rent

Posted on 5/16/24 at 11:46 am to
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51419 posts
Posted on 5/16/24 at 11:46 am to
quote:

I don't understand why people will pay $2K a month rent instead of buying.


quote:

Because $2k a month in mortgage might get you a $240k house with today’s mortgage rates. And if you pay that much for rent then there probably aren’t decent homes for $240k where you live



It isn't that complicated, and yet a lot of people who have theirs just choose to be obtuse about it.
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