this post was submitted on 19 Mar 2024
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Rent payments are not less than a mortgage payment, that's the problem. Normal people are struggling to reach the 20% down payment in this economy. Otherwise they would buy. Just because you personally found something with rent lower than a 20-year mortgage doesn't mean other people can.
You just wrote that rents are less than mortgages because you personally had a rent less than a mortgage. You're the one who needs to read that.