3 ms·
Think lease-to-buy. That way the tenant has skin in the game. MY house was a school project. It was absurdly cheap to build as the construction workers had to p
by 6510 6y ago
Think lease-to-buy. That way the tenant has skin in the game. MY house was a school project. It was absurdly cheap to build as the construction workers had to pay to build it. If you account for market value the rent paid for the place 4-5 times by now. If you only take the original construction cost + maintenance its been paid for an absurd number of times, so many times over that I don't want to think about it.
We can at least lower the rent down to zero over [say] 40 years but it would be more reasonable to make the tenant the owner after he paid for the place 3 times over.
- asah 6y agoThe rent would have to increase a lot - why not just take the extra money, invest it and save for a down payment? Much faster than 40 years, tenant can live anywhere and there's no financial entanglement between landlord and tenant along the way.
- 6510 6y agoRent is always based on what people can pay.