1550
What a benevolent lord!
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Rent payments are not less than a mortgage payment, that's the problem. Normal people are struggling to reach the 20% down payment in this economy. Otherwise they would buy. Just because you personally found something with rent lower than a 20-year mortgage doesn't mean other people can.
Not everything worldwide is exactly how it is where you are dude.
You just wrote that rents are less than mortgages because you personally had a rent less than a mortgage. You're the one who needs to read that.
It's often the case, fucking keep up.