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Comment on Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge

CustodialTeapot@lemmy.world ⁨11⁩ ⁨months⁩ ago

So, what you’re saying is… Is house rates went up on his mortgage right?

And because of that he became poor?

So you’re saying your right with the assumption that if he rented his rent wouldn’t also double??

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bratosch@lemm.ee ⁨11⁩ ⁨months⁩ ago
Yes?

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- CustodialTeapot@lemmy.world ⁨11⁩ ⁨months⁩ ago
  Okay, you’re dumb then.
  
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  - bratosch@lemm.ee ⁨11⁩ ⁨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.
    
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