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I guess renting the water supply is cheaper in the short run and more expensive in the long run.
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.
But with a mortgage you own the home
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.
