America’s housing crisis continues to worsen, renters are struggling more than homeowners, report says
America’s housing crisis continues to worsen, renters are struggling more than homeowners, report says
In America, home prices are at record highs while hundreds of thousands are homeless.
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not my quote.
More supply of houses for sale will make it easier to buy.
Buying is not renting.
Removing rentals from the supply makes renting harder and more expensive.
But right now the situation is people who want to own homes being forced to rent, not people who want to rent being forced to buy a home.
The point is that it doesn't solve the problem. The problem is one, we don't have enough housing supply, and two, the housing supply is largely controlled by parasites (big and small) who profit off their ownership.
Getting rid of landlords solves half the problem but you still have a large group of people who cannot afford to buy homes. You might think that's good because housing prices will crash but who's going to build homes when no one can afford to buy them?
I'm not saying I have all the answers but I know for sure that getting rid of landlords is not a silver bullet solution.
Well mortgages and rent costs are pretty close these days aren't they? Its the down payment and closing costs that price people out of buying a home then? Why not take away the down payment requirements so that renters could participate in the buying market. Maybe there can be deals where someone sells you there home for 1-2 years for 50% market rate but they have to give the house back at the end of the term?
I think the point being made is that this landlord stuff almost rarely works out well these days so why not change?
no.
that is not THE situation. That is A situation.
it ignores foreign students wanting to rent while they study.
it ignores people renovating and needing a place to live for 3-5 months.
it ignores people needing a place to live after they move to a new city for work while they shop around to buy a place.
so much ignored.
Soooo many landlords just eager for those 3-5 month rental contracts.
/s
heh, yeah, which is yet another problem!
Pretty sure renting is what townhouses and apartments are for. Single family homes don't need to be rentals at the rates they are now.