• MolochAlter@lemmy.world
    3·
    11 months ago

    If you’re in a market where rental rates are much lower than what you’d pay monthly on a mortgage

    Is there even such a thing?

    • cosmic_slate@dmv.socialEnglish
      1·
      11 months ago

      As weird and crazy as it sounds, yeah. Depends on your downpayment and a few factors, but if you’re just starting out, a decent chunk of the DC area has generally been cheaper to rent unless you’re for-sure sticking in the house for a while.

      • MolochAlter@lemmy.world
        2·
        11 months ago

        Wild. Here in the Netherlands any mortgage you can be approved for on a middle class salary will be 3/4 to 2/3 of the average area rent.

        Just by virtue of the fact that banks have stricter rules for income to mortgage payment ratios.