alt Hacker NewsI believe your comment is operating under the assumption that people are merely choosing to rent over buying because it's the more economically wise choice. That's not how things work in reality. Many people want to buy but cannot put up the initial costs.
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lawlessone • last Wednesday at 10:02 PM
> Many people want to buy but cannot put up the initial costs.
This, monthly rent actually costs more here in Ireland than what you would pay monthly for mortgage.
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I fit the description of someone who has the cash to make a down payment, but if I were to buy the property I currently rent, I would be paying $1000 more a month.