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> I was replying to "housing units owned by their occupants". From then on who's paying who for what? Obviously their (perhaps new) owners, their occupants. I
by ardy42 6y ago
> I was replying to "housing units owned by their occupants". From then on who's paying who for what?
Obviously their (perhaps new) owners, their occupants. It'd be exactly the same situation as owner-occupied housing today.
I don't know what's so hard about this to understand.
- quicklyfrozen 6y agoYou need a reasonable financial buffer (or at least good credit) to be a homeowner to cover the large expenses that invariably come up. If you're not handy and need to call professionals for every minor repair--well, though service calls will add up quick. Sometimes people need to change their housing circumstances in a hurry (e.g. bad break up or bad neighbor) and negotiating two real-estate transactions would be time consuming. In short, there are lots of good reasons people don't want the burden of being a home-owner, but still need a place to live. Someone has to own and be responsible for those places.
- erik_seaberg 6y agoWait, I'm stuck with the mortgage indefinitely in your scenario? That's not a solution, that is the problem that landlords solve.