That seems significantly preferable to a rent-based system. While you're not investing any assets in your home like you would if you owned it, at least you're not hemorrhaging cash like you do when you're renting.
> While you're not investing any assets in your home like you would if you owned it, at least you're not hemorrhaging cash like you do when you're renting.
Unless you have to borrow money to make the payment. And god forbid they do something like invest it in more real estate, or worse, lose the investment and owe the government tax.