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> Then it's even easier to move. Moving requires finding a home somewhere that they can afford. The fact that they’ve been subjected to rising rents rather tha
by seoaeu 5y ago
> Then it's even easier to move.
Moving requires finding a home somewhere that they can afford. The fact that they’ve been subjected to rising rents rather than a financial windfall like nearby homeowners… makes that far more difficult for them
- upvotepartytime 5y agoThey could have bought. Instead they took advantage of the optionality afforded to a renter that can up stakes and move at will, without being tied to a mortgage. If they couldn’t afford to buy then they got to take advantage of a locale they desired at a lower price, another benefit of renting. (While it would be nice if anyone could live — and own — anywhere they like without worrying about price or competing demand from the billions of other humans around, that’s so far away from reality it’s not worth discussing.)