§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 9 hours agoLabour Uses Fake Figure Cooked Up by Industry to Oppose Water Nationalisationwww.thecanary.coexternal-linkmessage-square8fedilinkarrow-up163arrow-down10
arrow-up163arrow-down1external-linkLabour Uses Fake Figure Cooked Up by Industry to Oppose Water Nationalisationwww.thecanary.co§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 9 hours agomessage-square8fedilink
minus-square§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.mlOPlinkfedilinkEnglisharrow-up7·edit-28 hours agoSame with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you’ll have no monthly payment, whereas renting means you’ll always pay and the landlord has the final say in matters.
minus-squareCyberMonkey404@lemmy.mllinkfedilinkarrow-up2·5 hours ago But with a mortgage you own the home Do you? Or do you start owning it after paying off the mortgage?
minus-squarejonne@infosec.publinkfedilinkarrow-up1·2 hours agoAt least you can’t get kicked out or have your rent raised for arbitrary reasons. Some renters are basically moving every year.
minus-squareScratch@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 hour agoMortgages 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)
minus-squarejonne@infosec.publinkfedilinkarrow-up1·23 minutes agoIt went up a little, but nothing compared to the equivalent in rent you’d pay for the same place.
minus-square§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.mlOPlinkfedilinkEnglisharrow-up3·5 hours agoYa, the house is in the persons name. But if they struggle to keep up with payments, it can become the banks home.
Same with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you’ll have no monthly payment, whereas renting means you’ll always pay and the landlord has the final say in matters.
Do you? Or do you start owning it after paying off the mortgage?
At least you can’t get kicked out or have your rent raised for arbitrary reasons. Some renters are basically moving every year.
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)
It went up a little, but nothing compared to the equivalent in rent you’d pay for the same place.
Ya, the house is in the persons name. But if they struggle to keep up with payments, it can become the banks home.