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You're falling into the same trap. Doing that would mean indirectly that renting out properties should be disincentivised. Do that and the market price for ren
by throwaway22032 2y ago
You're falling into the same trap. Doing that would mean indirectly that renting out properties should be disincentivised.
Do that and the market price for rentals will increase as no-one wants to do it. The only rentals on the market will then be people who temporarily move, until they sell up, but even that will dry up as they won't be able to find anywhere to rent on the other side.
You don't want a world in which renting is twice (or more) as expensive as buying.
- ryandrake 2y agoWe should disincentivize landlording and renting by both 1. making it harder to landlord and 2. reducing/eliminating the barriers that drive people to rent: home prices, down payments, closing costs and fees, the real estate market itself being illiquid, the variable nature of home-related expenses. If it was as easy and cheap to own as it is to rent, and if homeowners weren't so locked into their owned homes, then there would be little reason to rent.
- throwaway22032 2y agoThat's not a world I want to live in as it would have made it impossible for me to study at University, impossible for me to start my career, impossible for me to leave my hometown, and many other things. I think you're blinded by hate for wealth.
- HDThoreaun 2y agoshit take. The transaction costs in the housing market alone are reason enough to rent if you have no plans to stay long term.