Rent is inherently predatory
No it’s not. Just because you don’t like it doesn’t mean it’s inherently predatory.
I have to move to a city for 6 months, should I have to buy a house and sell it during that time? I need to rent, it gives me the flexibility without having to shell out capital or get in debt to live.
As with everything, it can be bad, especially when the government restricts building of houses so much, but my buddy buying a house, fixing it up and renting it out isn’t malicious.
What’s your alternative to renting? Government owns all houses and gives them out for people to live in for free?
Having social housing or low-cost rental housing owned by the government with an option to purchase does not sound at all bad.
We have social housing for low income people, is that not enough? Do we just need more? How much more?
https://en.wikipedia.org/wiki/Subsidized_housing_in_the_United_States
Have you heard of the term the ‘projects’ - it’s provided housing, but many of the subsidized housing areas are more like a 3rd world country than our prosperous 1st world country. Is this the policy you’d like more of?
I would rather pay the cost of service to the government than my landlord’s mortgage
I would rather pay the cost of service to the government than my landlord’s mortgage
So you want housing as government controlled? How much? 100%? 80%? 50%? How much private residential property should be stolen by the government to achieve what you want.
How much private residential property should be stolen by the government to achieve what you want.
wow is that the best strawman you could come up with? Public housing shouldn’t exist because *checks notes* it is literally impossible to achieve without stealing existing homes? That’s how you’re gonna present your initial argument? Be better sporto
Just curious, why? What difference would it make for you? Many of these mortgages are government funded anyway. I don’t rent anymore but my government is far more inept and corrupt than any landlord I’ve ever dealt with. Just my experience though.
What difference would it make for you?
Well, paying an at-cost price would mean it is inherently cheaper as the government wouldn’t be trying to turn a profit, merely charge an amount that compensates for upkeep.
Many of these mortgages are government funded anyway.
But is still building equity for a private individual.
my government is far more inept and corrupt than any landlord I’ve ever dealt with
I have a say in my government though, at least theoretically. I think housing (at least primary housing) shouldn’t be a for-profit industry, so I advocate against it via my government.
My biggest head scratcher now that I’ve bought a house is “huh, my mortgage is locked in now, no matter what the market does… Why did rent keep going up if my landlord’s mortgages were locked in?”
I honestly don’t have a good answer, I could be looking at something perfectly explainable. But to me it seemed like they raised rent not because costs went up, but because they could. Why not. Everybody else is doing it.
My biggest head scratcher now that I’ve bought a house is “huh, my mortgage is locked in now, no matter what the market does… Why did rent keep going up if my landlord’s mortgages were locked in?”
Property taxes, market rate, costs to repair and maintain, interest rates increasing. How much money, beyond your mortgage, have you spend on your house since you moved in?
Less than my apartment ever was 😜
And what’s especially nice is everything I buy and repair goes to me, belongs to me.
Sure I had to buy a washer and dryer, lawn mower, more furniture, etc, but that’s all mine forever.
The only cost that’s higher at my house than my much smaller apartment is utilities.
Mortgages are locked in. Taxes, insurance, utilities, maintenance/upkeep are not. All of those things have increased since I bought my house a year ago. Rental properties experience the same thing.
My landlord’s taxes went down, I pay for utilities, not sure about insurance, as for upkeep I will let you know when I see that happening.
