3 ms·

The problem is just the price. Trowing away 30-40% of your paycheck with no downsides for the other part is no fun. There is basically 0 risk involved in renti

by Iulioh 2y ago

The problem is just the price. Trowing away 30-40% of your paycheck with no downsides for the other part is no fun. There is basically 0 risk involved in renting besides...having less than what you plan to make? You will always find someone is your price is good enough. Like i understand how for example a hotel works, houses are like that but long term, the landlords manage houses and get a salary by doing so but...why has to be such a big part of my salary? Rent control and public housing (you can't buy it, you can only rent it for a price that covers maintainance and emergency found)

wizzwizz4 2y ago
Stability can also be a problem. If you own a home, only eminent domain can take it from you. If you've got a mortgaged home, only eminent domain and the bank can take it from you. If you're renting your home, your landlord can just say "nope, you don't get to live here any more, here's your 6 months' notice" (or whatever), and then you don't have your home any more.
- Iulioh 2y ago
  Well, on a way that's a problem but i don't really think it's that big of a problem. If you are a good renter (important part) a landlord will kick you out only if he wants to 1)Sell the house 2)Increase the amount of money and trowing you out is the only way to do so The first problem is unsolvable but pretty rare, a good renter is a money printer and landlords like stability the same way you do. The second could be mitigated by rent protection laws. In the end is still a compromise, you don't have to invest massive amounts of capital but don't have complete control
  - em-bee 2y ago
    in austria/germany rent protection even does not allow you to evict a tenant when you are selling a house. the new landlord has to continue the rent contract, unless they want to use the house for themselves. (but then they have to prove that forcing the tenant to move does not cause them problems. no chance of that if moving would cause the tenant to lose a job or force their kids to change schools)
- simoncion 2y ago
  > If you own a home, only eminent domain can take it from you. Incorrect. If you're subject to an HOA, the HOA can take it from you for many bullshit reasons. > If you're renting your home, your landlord can just say... Also incorrect. In some jurisdictions the landlord must either withdraw the unit you're renting from the rental market for five or more years, or move himself or his family into your unit in order to execute a no-fault eviction.
lazyasciiart 2y ago
> There is basically 0 risk involved in renting besides... Renting reduces your control over the physical structure that you live in. You can't do significant maintenance and you can't upgrade it. This might mean you have to put up with a lousy fridge and oven, or it might mean that there's actually mold everywhere and your choice is to suck it up or move. That's great when the other available options to move into are either too expensive for you, have defects similar to your mold issue, or are too far away for you to keep your job. It also reduces the stability of your living situation, in places like America where a ten year lease is not standard. If you have children, this increases the risk that they will have to change schools during the year, and a forced school change is supposed to cost approximately six months of education.

by Iulioh 2y ago

wizzwizz4 2y ago

Stability can also be a problem. If you own a home, only eminent domain can take it from you. If you've got a mortgaged home, only eminent domain and the bank can take it from you. If you're renting your home, your landlord can just say "nope, you don't get to live here any more, here's your 6 months' notice" (or whatever), and then you don't have your home any more.

Iulioh 2y ago
Well, on a way that's a problem but i don't really think it's that big of a problem. If you are a good renter (important part) a landlord will kick you out only if he wants to 1)Sell the house 2)Increase the amount of money and trowing you out is the only way to do so The first problem is unsolvable but pretty rare, a good renter is a money printer and landlords like stability the same way you do. The second could be mitigated by rent protection laws. In the end is still a compromise, you don't have to invest massive amounts of capital but don't have complete control
- em-bee 2y ago
  in austria/germany rent protection even does not allow you to evict a tenant when you are selling a house. the new landlord has to continue the rent contract, unless they want to use the house for themselves. (but then they have to prove that forcing the tenant to move does not cause them problems. no chance of that if moving would cause the tenant to lose a job or force their kids to change schools)
simoncion 2y ago
> If you own a home, only eminent domain can take it from you. Incorrect. If you're subject to an HOA, the HOA can take it from you for many bullshit reasons. > If you're renting your home, your landlord can just say... Also incorrect. In some jurisdictions the landlord must either withdraw the unit you're renting from the rental market for five or more years, or move himself or his family into your unit in order to execute a no-fault eviction.

lazyasciiart 2y ago

> There is basically 0 risk involved in renting besides... Renting reduces your control over the physical structure that you live in. You can't do significant maintenance and you can't upgrade it. This might mean you have to put up with a lousy fridge and oven, or it might mean that there's actually mold everywhere and your choice is to suck it up or move. That's great when the other available options to move into are either too expensive for you, have defects similar to your mold issue, or are too far away for you to keep your job. It also reduces the stability of your living situation, in places like America where a ten year lease is not standard. If you have children, this increases the risk that they will have to change schools during the year, and a forced school change is supposed to cost approximately six months of education.