[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

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[–] 1 point 2 years ago (2 children)

In Australia and most developed cities in Asia rent is cheaper than a mortgage.

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  • [–] 3 points 2 years ago

    This is not correct for Australia.

    I'm looking at places in Melbourne at the moment. A 1-bedroom place is around $450 a week or $1800 a month roughly.

    You can easily get a cheaper mortgage than that for a 1 bedroom place. Potentially even get a 2 bedroom unit for same as you'd pay in rent.

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