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Labour Uses Fake Figure Cooked Up by Industry to Oppose Water Nationalisation (www.thecanary.co)

submitted 4 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 13 points 4 weeks ago (16 children)

I guess renting the water supply is cheaper in the short run and more expensive in the long run.

[–] [email protected] 12 points 4 weeks ago* (last edited 4 weeks ago) (10 children)

Same with homes, renting can provide lower monthly payments vs a mortgage. But with a mortgage you own the home and eventually you'll have no monthly payment, whereas renting means you'll always pay and the landlord has the final say in matters.

[–] [email protected] 3 points 4 weeks ago (9 children)

But with a mortgage you own the home

Do you? Or do you start owning it after paying off the mortgage?

[–] [email protected] 6 points 4 weeks ago

Ya, the house is in the persons name. But if they struggle to keep up with payments, it can become the banks home.

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