Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge::Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.

  • CustodialTeapot@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    1
    ·
    edit-2
    5 months ago

    Okay, wow.

    You do know rent is just someone with a mortgage on a house too right? (Paid off or not)

    And if that landlords mortgage goes up, that will also make the rent they charge go up. ( Often far more than the rent, as it’s percentage related. So, if your friend was renting, he’d be even worse off…

    • bratosch@lemm.ee
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      5 months ago

      Firstly, apartment complexes and the likes are usually owned by bigger companies with more leverage when negotiating loan rates compared to individuals. Secondly, renting a small apartment while holding on to their down payment money / saving even more is clearly gonna be cheaper than buying a 2 bedroom home in the middle of a city.