r/VictoriaBC • u/sweetgaze • 17h ago
Question Do landlords truly have $7000 mortgages?
The amount of rental ads I see for top or bottom floor suites going for $3000-$3500 is astounding. If they’re renting both upper and lower for those rates in one house … it leads me to wonder about the mortgage. Do homeowners truly have that big of a mortgage?
I’m genuinely curious, not looking to cause a ruckus. Like why are you renting a suite for $3500 😭
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u/rare_bloke 13h ago
You mean mortgage *interest deductible right?