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The system is broken (lemmy.zip)

submitted 9 months ago by [email protected] to c/memes

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[–] Euphorazine 2 points 9 months ago* (last edited 9 months ago)

The rent is rent. It doesn't have to cover the mortgage all the time. It's not like someone rent is locked in for 30 years. And some bigger businesses will take the hit knowing the appreciation of the house will catch up or know they will buy a majority of the houses in the area and then raise rent that way to eventually be higher than the mortgage.