> The distinction between buying and renting a house, or buying and leasing a car
In the UK you can buy a freehold house for £250k and that's it. Or you can rent one for £800 a month, although that confers certain rights. But between those two, you can buy a leasehold house, which has obligations to pay a ground rent. You can buy a freehold house where you are obligated to pay a management company to maintain common areas.
"Buy" and "Rent" are certainly not clear cut.
With a car, I can rent a car from Hertz, or I can buy one for cash, or I can lease one, or I can buy one with a loan payment secured against the car, again there's no clear line between "buy" and "rent"
In the UK you can buy a freehold house for £250k and that's it. Or you can rent one for £800 a month, although that confers certain rights. But between those two, you can buy a leasehold house, which has obligations to pay a ground rent. You can buy a freehold house where you are obligated to pay a management company to maintain common areas.
"Buy" and "Rent" are certainly not clear cut.
With a car, I can rent a car from Hertz, or I can buy one for cash, or I can lease one, or I can buy one with a loan payment secured against the car, again there's no clear line between "buy" and "rent"