§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 11 months agoLabour Uses Fake Figure Cooked Up by Industry to Oppose Water Nationalisationwww.thecanary.coexternal-linkmessage-square4linkfedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkLabour Uses Fake Figure Cooked Up by Industry to Oppose Water Nationalisationwww.thecanary.co§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 11 months agomessage-square4linkfedilink
minus-square§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.mlOPlinkfedilinkEnglisharrow-up3·edit-211 months agoSame with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you’ll have no monthly payment, whereas renting means you’ll always pay and the landlord has the final say in matters.
minus-squareCyberMonkey404@lemmy.mllinkfedilinkarrow-up0·11 months ago But with a mortgage you own the home Do you? Or do you start owning it after paying off the mortgage?
minus-square§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.mlOPlinkfedilinkEnglisharrow-up3·11 months agoYa, the house is in the persons name. But if they struggle to keep up with payments, it can become the banks home.
Same with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you’ll have no monthly payment, whereas renting means you’ll always pay and the landlord has the final say in matters.
Do you? Or do you start owning it after paying off the mortgage?
Ya, the house is in the persons name. But if they struggle to keep up with payments, it can become the banks home.