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Yes, they're different things. However you need a place to live so unless you already own a paid off house, you can choose between paying a rent or paying a mortgage.

It's the bigger part of your "housing costs" in both cases.



Yeah I know. The point is the comparison is not really mortgage vs rent. From a purely financial perspective you're paying mortgage + owning costs + rent opportunity cost + liquidity risk.

If you can pay a mortgage most likely you can pay a rent, and it's going to be way cheaper if you factor everything in. And in both cases you can be evicted if you don't pay anyway.




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