this post was submitted on 03 Feb 2026
1025 points (94.1% liked)
A Boring Dystopia
15439 readers
865 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Except the interest part of the mortgage payment is equivalent to rent, and the principle part is paying down the loan. Mortgage payments are often much higher than rent payments for an equivalent property. Whether it's a better deal to buy or rent depends on a number of factors and isn't as cut and dry as the op suggests.
That's plainly not true. The interest is not equivalent to rent, it's a combination of:
You're arguably correct only on that third point. However, as a homeowner pays off their mortgage, all those factors go away. The mortgage ends and then they own it forever, the bank doesn't continue to make money off of this arrangement. That's just never the case when renting.
For renting to be a better deal rent would need to basically only cover operational expenditure for the property. Literally a single cent more than that and the owner of the property is getting money just for owning land and the property on it.