Quasi Rent | Theory of Rent | Microeconomics | Easy Explanation

Rent vs. Equity — explained simply 👇 When you rent, your monthly payment covers the cost of living there, but once the month is over, that money is gone. You don’t own anything from it. When you own, part of your monthly payment goes toward equity — which is the portion of the home that belongs to you. Over time, as you pay down the loan and the home grows in value, your equity grows too. Both renting and owning have their place. The key is understanding where your money is going and choosing w

Rent vs. Equity — explained simply 👇 When you rent, your monthly payment covers the cost of living there, but once the month is over, that money is gone. You don’t own anything from it. When you own, part of your monthly payment goes toward equity — which is the portion of the home that belongs to you. Over time, as you pay down the loan and the home grows in value, your equity grows too. Both renting and owning have their place. The key is understanding where your money is going and choosing w