World News

32161 readers

726 users here now

News from around the world!

Rules:

founded 5 years ago

MODERATORS

103

submitted 4 days ago by [email protected] to c/[email protected]

18 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 4 days ago (9 children)

But with a mortgage you own the home

Do you? Or do you start owning it after paying off the mortgage?

[–] [email protected] 3 points 4 days ago (7 children)

At least you can't get kicked out or have your rent raised for arbitrary reasons. Some renters are basically moving every year.

[–] DScratch 2 points 4 days ago (5 children)

Mortgages can change repayments amounts as the central lending rate changes.

We’re in a squeeze in Canada right now because rates went up and a bunch of mortgages are up for renewal. (5-year fixed rate is standard here)

[–] [email protected] 2 points 4 days ago

Mortgages can change repayments amounts as the central lending rate changes.

Not in the US if you have a fixed rate mortgage, and most do. There's tons of people who locked in rates at below 3% back in 2020-2021.

load more comments (4 replies)

load more comments (5 replies)

load more comments (6 replies)