this post was submitted on 28 Mar 2024
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[–] Pyr_Pressure@lemmy.ca 3 points 7 months ago

Canada at least.

I can get a mortgage for an apartment for $1400 a month. Rent in the same spot would be at least $1800 if not $2000.

People buy housing to rent out because it's profitable right away, they aren't just "taking the risk" that the house might not go up in value.