zedgeist@lemmy.world to A Boring Dystopia@lemmy.world · 4 days agoRent is theftlocklemmy.worldimagemessage-square552fedilinkarrow-up11.43Karrow-down178
arrow-up11.35Karrow-down1imageRent is theftlocklemmy.worldzedgeist@lemmy.world to A Boring Dystopia@lemmy.world · 4 days agomessage-square552fedilink
minus-squareRivalarrival@lemmy.todaylinkfedilinkEnglisharrow-up1arrow-down2·3 days agoRent is the acquisition of a temporary privilege to the use of a property. A mortgage is the acquisition of a permanent right to the use of a property. Where a tenant’s rent payment is greater than a landlord’s mortgage payment, the temporary privilege is deemed more valuable than the permanent right. This condition is absurd. It can only exist in an artificially manipulated housing market. And yet, it is also the current norm.
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkarrow-up1·3 days agoin my housing market mortgages about double what rents are. is that absurd? or is that correct. because i live in the #1 or #2 most expensive market depending on the year.
Rent is the acquisition of a temporary privilege to the use of a property.
A mortgage is the acquisition of a permanent right to the use of a property.
Where a tenant’s rent payment is greater than a landlord’s mortgage payment, the temporary privilege is deemed more valuable than the permanent right.
This condition is absurd. It can only exist in an artificially manipulated housing market.
And yet, it is also the current norm.
in my housing market mortgages about double what rents are.
is that absurd? or is that correct. because i live in the #1 or #2 most expensive market depending on the year.