8 ms·
There are lots of valid reasons besides "I can't afford to buy" to rent. I've been a renter for most of my life because I liked the freedom of being able to mov
by Johnny555 5y ago
There are lots of valid reasons besides "I can't afford to buy" to rent. I've been a renter for most of my life because I liked the freedom of being able to move to a new area (either locally, or in an entirely new region) with little hassle. I'm a homeowner now, but I was renting even when I could afford a house.
In an economic downturn many people get stuck with a house that's underwater and unable to sell while also needing to look outside of the area for a new job.
Also, if your income (or family size) changes, its a lot easier to trade up (or down) when you rent than when you own.
Instead of mandating that everyone buy a house whether they want to or not, I'd rather see renter protections, particularly in capping rent increases.
- fartcannon 5y agoYou might think I'm crazy, but it's the generational wealth that I think about most. If you rent, you basically guarantee that your children and their children and so on won't ever be land owners. They'll be serfs and someone else will be their lord. Of course it could all collapse but I sincerely doubt it.