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It’s not a net loss. Renter’s pay can be used for maintenance or equity or anything else. Since houses don’t depreciate in this market and maintenance costs are not even close to rent, the landlord only gains.
I understand, but the comment I replied to was implying that rent should somehow be less than mortgage plus insurance. My point is that under those circumstances, it doesn’t make sense.
It’s not a net loss. Renter’s pay can be used for maintenance or equity or anything else. Since houses don’t depreciate in this market and maintenance costs are not even close to rent, the landlord only gains.
I understand, but the comment I replied to was implying that rent should somehow be less than mortgage plus insurance. My point is that under those circumstances, it doesn’t make sense.