The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.
    • ArchRecord@lemm.eeEnglish
      5·
      1 month ago

      But having a mortgage does put you on the path to becoming one.

      Have a mortgage you pay for long enough, and you’ll end up with ever decreasing payments, then no mortgage, and a house.

      Have rent you pay for long enough, and you’ll have ever increasing payments, and never own a cent of the property when you quit.

    • Luca@lemmy.worldEnglish
      1·
      1 month ago

      For me, my apartments was proprietary of the bank till i managed to full repay the loan.