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People rent things they can’t afford to own.
by Waterluvian 10mo ago
People rent things they can’t afford to own.
- nasmorn 10mo agoYou could never afford a hyperscaler size data center. You could always just buy a server and stick it into Colo. it’s just not totally the same thing
- 9rx 10mo agoI also couldn't afford to rent one. I can afford to rent fractional use of one, but by that token I could also afford to buy a very small fraction of one too.
- olyjohn 10mo agoI can't afford the ram and storage in the server anymore though. So it kinda is the same thing.
- conductr 10mo agoRent vs own isn’t the issue then. It’s the cost of the underlying asset.
- ffsm8 10mo agoThat's one common reason for renting, not the only one. I've rented trailers and various tools before too, not because I couldn't afford to buy them, but because I knew I wouldn't need them after the fact and wouldn't know what to do with them after.
- CivBase 10mo agoIs this true? I'm trying to think of a solid example and I'm drawing blanks. Apartments aren't really comparable to houses. They're relatively small units which are part of a larger building. The better comparison would be to condominiums, but good luck even finding a reasonably priced condo in most parts of the US. I'd guess supply is low because there's a housing shortage and it's more profitable to rent out a unit as an apartment than to sell it as a condo. It seems to me that most people rent because 1) they only need the thing temporarily or 2) there are no reasonable alternatives for sale.
- rootusrootus 10mo agoLots of people rent houses, it’s not just apartments.
- 9rx 10mo agoAnd even ~40% of so-called homeowners rent money in order to be there.
- Waterluvian 10mo agoCheck out the furniture rental industry. Car rental (lease) industry. Electronics rental industry.
- tuananh 10mo agoor just not ready for commitment (try first, buy later, etc...)