No. Rent and mortgage are two different things. One is a fee for service and one is a loan.
If your home that you own doubles in market value and you decide to sell it, you pay off the mortgage (loan) and keep the profit (capital gain). If you are renting and the home is sold, you gain nothing.
If your home that you own burns down, you still owe the bank the money you borrowed for purchase (mortgage). If you are renting the home that burned down, you don’t owe anybody money. There is to service to pay a fee for anymore.
Like sure, fuck capitalism. But we don’t need to misrepresent how these systems work.
No. Rent and mortgage are two different things. One is a fee for service and one is a loan.
If your home that you own doubles in market value and you decide to sell it, you pay off the mortgage (loan) and keep the profit (capital gain). If you are renting and the home is sold, you gain nothing.
If your home that you own burns down, you still owe the bank the money you borrowed for purchase (mortgage). If you are renting the home that burned down, you don’t owe anybody money. There is to service to pay a fee for anymore.
Like sure, fuck capitalism. But we don’t need to misrepresent how these systems work.