logoalt Hacker News

whywhywhywhytoday at 4:57 PM1 replyview on HN

You're still paying a mortgage if you rent it's just someone else's mortgage.


Replies

RIMRtoday at 5:19 PM

Someone else's risk. Someone else's liability. I can end my lease and walk away without penalties or obligations. If anything happens to the property, it isn't my problem. I just need <$200/year renter's insurance, and my landlord is literally responsible for everything else, including things like my washer and dryer.

I can move on a whim, and the worst-case costs will be a modest lease termination fee and literal moving costs.