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I suppose it never occurred to you that many people actively avoid owning a residence, preferring to rent even when they could easily afford to buy a residence

I suppose it never occurred to you that many people actively avoid owning a residence, preferring to rent even when they could easily afford to buy a residence with cash? In your world these people don't exist yet inexplicably I know several. Landlords are providing a service that many people literally want to pay for.

aprilthird2021 2y ago
But as a policy proposal, those people will be inconvenienced just like landlord. OP could consider such people exist but also consider rent-seeking such a negative element in the economy that he'd rather eliminate that choice even for people who want it. Much like title loans
freitzkriesler2 2y ago
I have yet to ever meet these types of people. They clearly don't exist. The fact that landlords think they provide a service is comical. You don't. Homes can be bought and sold within a year very easily even in 2nd and 3rd tier markets. I know because I've done it. The fact that the settlement period for home buying/selling takes so long is a technical problem that can be easily fixed with NFTs and other technology. You are a leach and provide 0 service.
- readthenotes1 2y ago
  Hi! I'm readthenotes. I preferred renting for ease of mobility and avoiding buying during a housing bubble. In my area, there is significant financial friction in house transactions. It takes living in the house at least 2 years to soak those costs (having done it twice). In one of those houses, I got another year with two 6 month rentals, both to people relocating who didn't want to be forced to buy immediately (I believe the first person wanted to save up money before buying his Permanent home and the other just wanted time to get used to the new city). In my own rental situation, I thoroughly enjoyed the flexibility of a low friction end to my residence. We will probably never meet in person, but I believe there are plenty like me.
- marssaxman 2y ago
  Hello, I exist! I once bought a house when I would have preferred to rent, but there were no rentals available. Now I rent that house out to other people who are in a similar situation. There are many houses for sale in that area, but that's not always what people want. Earlier in my life, I continued to rent for six or seven years after the first time I could have afforded to buy. I liked the flexibility.

aprilthird2021 2y ago

But as a policy proposal, those people will be inconvenienced just like landlord. OP could consider such people exist but also consider rent-seeking such a negative element in the economy that he'd rather eliminate that choice even for people who want it. Much like title loans

freitzkriesler2 2y ago

I have yet to ever meet these types of people. They clearly don't exist. The fact that landlords think they provide a service is comical. You don't. Homes can be bought and sold within a year very easily even in 2nd and 3rd tier markets. I know because I've done it. The fact that the settlement period for home buying/selling takes so long is a technical problem that can be easily fixed with NFTs and other technology. You are a leach and provide 0 service.

readthenotes1 2y ago
Hi! I'm readthenotes. I preferred renting for ease of mobility and avoiding buying during a housing bubble. In my area, there is significant financial friction in house transactions. It takes living in the house at least 2 years to soak those costs (having done it twice). In one of those houses, I got another year with two 6 month rentals, both to people relocating who didn't want to be forced to buy immediately (I believe the first person wanted to save up money before buying his Permanent home and the other just wanted time to get used to the new city). In my own rental situation, I thoroughly enjoyed the flexibility of a low friction end to my residence. We will probably never meet in person, but I believe there are plenty like me.
marssaxman 2y ago
Hello, I exist! I once bought a house when I would have preferred to rent, but there were no rentals available. Now I rent that house out to other people who are in a similar situation. There are many houses for sale in that area, but that's not always what people want. Earlier in my life, I continued to rent for six or seven years after the first time I could have afforded to buy. I liked the flexibility.