this post was submitted on 14 Nov 2024
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[–] lemmyman 37 points 1 week ago (9 children)

I think it might be time to stop blaming the boomers. We own this mess now.

[–] [email protected] 68 points 1 week ago (6 children)

No, boomers do still own most things.

[–] Agent641 81 points 1 week ago (5 children)
[–] Brunbrun6766 19 points 1 week ago (1 children)

We lease this mess now, for $0 down payment and 5.6% APR*

*For 3 years, then APR subject to change on the whims of the owner

[–] [email protected] 7 points 1 week ago (3 children)

Real talk, I honestly don't get the point in leasing, or even how it's different from renting. Sounds more like renting with a different name.

[–] [email protected] 6 points 1 week ago

Lease has a specific term, generally long. Rent implies short term or indefinite length.

[–] Brunbrun6766 5 points 1 week ago

Typically, leasing is long term and renting is short term (contract length I mean)

[–] [email protected] 2 points 1 week ago

You're correct. They are the same. Loan may also apply.

However, depending on where you are, there are regional differences in where the terms get used. Locally, you rent an apartment but lease a warehouse (why?). Also, if you rent an apartment and turn over your lease agreement to another person, you are sub-letting the apartment. And "let" also means lease in this context. Err rent. Fuck, I've gone cross-eyed

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