• dfc09@lemmy.world
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    1 year ago

    My biggest head scratcher now that I’ve bought a house is “huh, my mortgage is locked in now, no matter what the market does… Why did rent keep going up if my landlord’s mortgages were locked in?”

    I honestly don’t have a good answer, I could be looking at something perfectly explainable. But to me it seemed like they raised rent not because costs went up, but because they could. Why not. Everybody else is doing it.

    • Morcyphr@lemmy.one
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      1 year ago

      Mortgages are locked in. Taxes, insurance, utilities, maintenance/upkeep are not. All of those things have increased since I bought my house a year ago. Rental properties experience the same thing.

      • afraid_of_zombies@lemmy.world
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        1 year ago

        My landlord’s taxes went down, I pay for utilities, not sure about insurance, as for upkeep I will let you know when I see that happening.

        • Morcyphr@lemmy.one
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          1 year ago

          Property taxes went down? I doubt that. As far as upkeep, if the furnace goes out, who pays for that? The property owner. That’s what I meant.

          • afraid_of_zombies@lemmy.world
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            1 year ago

            We got federal money for Covid and the commerical sector is doing well. Pretty sure the furnace is fine, but it isn’t like I have lived here for multiple years.

    • MasterOBee Master/King@lemmy.world
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      1 year ago

      My biggest head scratcher now that I’ve bought a house is “huh, my mortgage is locked in now, no matter what the market does… Why did rent keep going up if my landlord’s mortgages were locked in?”

      Property taxes, market rate, costs to repair and maintain, interest rates increasing. How much money, beyond your mortgage, have you spend on your house since you moved in?

      • dfc09@lemmy.world
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        1 year ago

        Less than my apartment ever was 😜

        And what’s especially nice is everything I buy and repair goes to me, belongs to me.

        Sure I had to buy a washer and dryer, lawn mower, more furniture, etc, but that’s all mine forever.

        The only cost that’s higher at my house than my much smaller apartment is utilities.

          • dfc09@lemmy.world
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            1 year ago

            A few hundred a month less. I’m not suddenly drowning in money, obviously, but it’s interesting paying less for much more, and that money actually benefitting my net worth vs being flushed down the toilet

            • MasterOBee Master/King@lemmy.world
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              1 year ago

              See, you can’t even answer a simple question.

              You weren’t actually asking questions to gain knowledge, you just want to hide the facts so it looks like you’re right. Home ownership is expensive, and for most people, isn’t ideal, renting is a huge need on our society so I don’t have to give up 50k cash right now, so I don’t have to pay 15k/yr in property taxes, a 20k water heater bill randomly and I can move next money if I want to. You being willingly ignorant to those don’t change the facts.