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Replying to Avatar TKay

One thing that puzzles me. Usually, if one buys a house with a loan and rents it out.

The rent shouldn’t theoretically be able to cover the mortgage/loan payment + maintenance.

Because the size of the loan is greater than the value of the house.

How in the world did we get to a point where every freakin influencer say buy a property and rent out and keep buying and renting etc.

What happened? When did this become normal? Or are these all lies?

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Majere 1y ago

And this is why rent is so damn high, you are funding 3-4 of their mortgages plus insurance and maintenance with no utilities included.

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TKay 1y ago

It’s really a very strange problem. But it probably also highlights the wealth distribution/gap.

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