But a rental isn’t a mortgage. You don’t get your money back when you return any rental item, why would a property be any different?
right, thats why Im confused why anyone would rather rent.
also Im hearing an alien language. Im living in a rental property, I’ve never had one furnished, and I’ve been threatened with eviction for not managing the property myself. I aint seen my landlord in years.
Also, please dont buy into the propaganda that wealthy people are taking on risk. Its never about risk, its about having enough money to own the things that people need. They’re not gonna stop needing it.
right, thats why Im confused why anyone would rather rent
Maybe because you’re young and you don’t want to commit to buying a house yet? Or you’ve just got a new job in a distance place but need somewhere quickly? You can’t exactly tell your new employer you can’t start until 6 to 9 months while you look for a house and go through all the legal process to buy one. Also some people just don’t want to have to maintain it themselves. Boiler breaks? Landlords problem. Need a new roof? Landlord takes the hit.
Furnished rentals are definitely a thing here. Unfortunately shitty landlords exist everywhere.
