I was having this conversation with a co-worker recently. He was buying a second home with the intention of renting it to his brother “at cost.” Which is to say, his brother is paying the mortgage while he gets the equity. When I pointed out how fucked up that was, he agreed and bought the house anyway.
That is very region-specific in the US. Around me, rent prices have absolutely exploded while the housing market has very slightly softened vs 2 years ago.
I was having this conversation with a co-worker recently. He was buying a second home with the intention of renting it to his brother “at cost.” Which is to say, his brother is paying the mortgage while he gets the equity. When I pointed out how fucked up that was, he agreed and bought the house anyway.
Maybe he doesn’t like his brother that much?
mortgage is higher than rent wtf
is his brother a dumbass?
That is very region-specific in the US. Around me, rent prices have absolutely exploded while the housing market has very slightly softened vs 2 years ago.