Comment on Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge
CustodialTeapot@lemmy.world 4 months agoSo, 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??
bratosch@lemm.ee 4 months ago
Yes?
CustodialTeapot@lemmy.world 4 months ago
Okay, you’re dumb then.
bratosch@lemm.ee 4 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.