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Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? That

• inetknght 5y ago
  > Would you also be opposed to a group of pensioners getting together and buying an apartment block, and renting it out to young people who have no savings? Yes. Why should anyone have free income? That idea is backwards to a functioning economy. > That way the pensioners have an income to live on — without slowly draining their savings — and the young people have a place to live without having to take out a huge loan. Here's a better solution: group of pensioners getting together and buying an apartment block. Then instead of renting it out, they rent-to-own. Renting there builds equity. Moving out means an opportunity to sell the equity, with a guaranteed floor that the landowners would buy back. At some point the equity means you own your unit.