If someone’s grandma goes into assisted living, how does selling their house help anyone who can’t afford a house? Especially given the cost of assisted living. That’s a ridiculous criticism. It’s the people who own a dozen houses, or complexes, who are the problem.
If anyone was free to buy a house whenever they liked, renting wouldn’t be such a problem. The problem is, renting nowadays is the only solution and therefore those who own properties are free to charge what they like and people either put up with that or be homeless.
Renting should be a temporary measure, however nowadays people can’t afford to actually buy homes because renting means they don’t have money for deposits.
Renting isn’t a choice for most people, it’s a means to keep them off the streets. The landlords have the monopoly.
“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.
But they’re entitled to the results of my labour!
Why?
Because!!!
They’re just trying to pay for their grandma in the nursing home!
Oh, what about your grandma? Fuck her, pay your rent.
If someone’s grandma goes into assisted living, how does selling their house help anyone who can’t afford a house? Especially given the cost of assisted living. That’s a ridiculous criticism. It’s the people who own a dozen houses, or complexes, who are the problem.
The “kill landlords” crowd doesn’t care for this nuance.
Because they provide something that is so valuable to you that you give them a good amount of money for it. Thats why.
You choose to give them money because their house seems to be a huge quality of life improvement, otherwise you could always find a cheaper house.
If anyone was free to buy a house whenever they liked, renting wouldn’t be such a problem. The problem is, renting nowadays is the only solution and therefore those who own properties are free to charge what they like and people either put up with that or be homeless.
Renting should be a temporary measure, however nowadays people can’t afford to actually buy homes because renting means they don’t have money for deposits.
Renting isn’t a choice for most people, it’s a means to keep them off the streets. The landlords have the monopoly.
Serious question: Cant you just take out a loan from a bank, buy a house, move there, cancel your rental apartment/house and then pay off the loan?
Of course houses are expensive but is there a genuine lack of availability?
Because they provided you with shelter?
No, you pay off their mortgage in exchange for not being homeless. All renting should be rent to buy. No renting without equity in exchange.
“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.
The landlords built those homes with the sweat of their brow?
Once the home is paid off they’ll reduce the rent to only cover the outgoings on the property?
The speculation on property as an asset class has no effect on pricing people out of the market for ownership?
HA HA HA! That’s funny!
I bought a house last year after renting for 20 years since I moved out of my parents’ house.
My kids will probably still pay for my house.
You can blame the investment landlords for that