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.
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.
Maybe he doesn’t like his brother that much?