Not everyone, but the vast majority of everyone, and even those who don’t want to buy would still probably be better off with owning instead of renting.
“Going a few hundred grand in debt to buy a non-liquid asset” a house is probably the best asset you could buy for yourself, and also, do you think you’re saving money renting? Do you think a landlord is losing money on his mortgage? You’re covering the mortgage anyway, and then a premium for not having it in your name.
Renting over owning is a more stable outlay (no “surprise, you need a new water heater” expenses for renters) and it gives flexibility for moving with any kind of frequency. I agree that home ownership should be more attainable and affordable, but it’s not a clean win 100% of the time for everyone.
Yes, a buffer built into the rental price (“inflated” is a loaded term; rents can be inflated, but a rental price set to cover mortgage and amortized expenses isn’t by definition inflated), but it’s still stable.
Yeah, also way more stable in countries where you are not protected by the law and may be told get outta the property you’re renting less than a month in advance. And in countries where you’re protected, the landlord will usually get in your arse checking if you’re a fraud, this makes renting quite a bit more of a problem.
No one wants to rent. Sure landlords serve a purpose in this capitalist hellhole, but if people could live in a single family home that they own most would take that option to rather than be beholden to some shithead that takes a 3rd of your income and just brings you problems
While it’s true that it would be better for them in the long term, it’s also true that some people prefer convenience.
I have a coworker that pays the power company extra each month so that if her water heater dies they’ll replace it for her. Why the fuck does the power company offer this service and by the time she needs one she will have more than paid for one.
Lots of people don’t change their own oil in their cars, it’s easy and cheaper, but people don’t want to do it.
Coffee… that’s all I’m gonna say on that topic.
Renting is a service some people want, just like some people want to live in an HOA.
More people would probably buy a house if they could just pay the mortgage, similar to a rent to own setup, but that’s not an option available to most people.
Wouldn’t the convenient (and cheaper) situation here not be to rent, but to own and hire a handyman when needed? I’m just not sure how a landlord offers any kind of convenience to anyone. (Maybe there’s something I’m missing of course.)
You are absolutely correct, but it still requires making calls, coordinating with a handyman, being available when they come by, etc. It’s the same logic for why some landlords hire property managers. If being a landlord is so easy you’d think they wouldn’t need to hire someone to specifically manage their properties.
While I agree with you on paper, I’ve never had a landlord make it easy or convenient for any of those things in my experience. Usually they’re MIA and can’t seem to get anything done without a fuss honestly. Could just be my luck/the types of places I rent to be fair on that though.
Yeah and I saw a recent post saying that roughly 66% of Millennials would like to buy if it were affordable for them.
Rental experiences all come down to the details, how expensive is it, what extra costs (can you have pets) and benefits (do you have laundry in the rental or is it a shared space), is public transportation more accessible, etc.
Back when I rented my washing machine broke and the rental company had a new one installed the same day, the bus route went right up to my building, and the Greenway trail was adjacent to the complex. They decided to increase rent by $100 so I looked at buying a house and found a condo I could afford. The condo was $300 cheaper (including the HOA fee) than the new rent, but the bus didn’t come to where my condo was, the Greenway trail was 10 min road biking away, and when the HOA decided we had to install new lights and doors I had to pay for that (luckily I was able to do the labor myself, but a lot of people couldn’t). Before I sold and moved the HOA was about to replace the roof on my building and we would have all had to pay out of pocket our portion (which equated to approximately 3.75x what I paid for the mortgage and HOA fee, so an extra 3.75 months worth of payments).
Also, a lot of places have more or less protections for renters which can impact things.
“Tipping the landlord” Some landlord/employer posted on Twitter how none of their employees/tenants are grateful for the nice things the capitalist provides them with. They said that they’d like to get tipped occasionally. It might have been a shitpost, but it blew up. Now, ‘tipping the landlord’ is an internet gag line. No one in real life tips their land lord.
In addition to that. It's probably mocking these places where it asks if you want to leave a tip when you didn't see a single employee your entire visit. Or counter service/fast food etc.
It’s as real as Kids requesting litter boxes in school because they identify as a furry, it’s just meme BS that a specific political group has latched on to and bitch about. It’s definitely not real.
Until I joined Lemmy I would have agreed with you.
EDIT: Unless you are talking about the litterbox thing, I have heard this brought up as legitimate discussion before. I quickly squashed that conversation, but there are (stupid) people out there that believe it.
I have never seen it and I’ve been renting for 20 years (omg thst is so depressing). I can imagine a landlord with a poorly set up payment processor possibly having it, but that is a stretch
That was a more subtle disinformation deflection by conservatives. Schools did need litter boxes for mandated mass shooting lockdown preparations.
Instead of the horror of children needing to use litter boxes because American conservatives cant regulate their firearms, it was, “Haha, liberals want litter boxes for furries.”
It (used?) to be expected to tip your maintenance man at the end of the year in big apartment buildings (there’s even a friends episode about it). Some scummy landlords try to claim that they are the maintenance man and more and so deserve a tip. I have personally had landlords ask for it,
A while back, there was this thing where some very out of touch landlords were whining about having to actually do things for their tenants and that tenants should tip them for this. Naturally, they were rightfully shamed and ridiculed for it and it never caught on, but the way I first heard about it was seeing another landlord agreeing with the original post.
Sure. I don’t know how it works in every country but in the UK you have to pay council tax on a property you own, even if you don’t live in it, unless you meet certain exemption criteria that vary by council.
Even if you don’t make a profit on renting a property you don’t live in, having someone else live in it and pay the council tax will mean you don’t lose any money.
€1000 per year is practically nothing. You’d need 25 properties to make a modest living from being a landlord.
But it would mean that you could sit on the property and re-sell it later if you were just buying it as an investment so renting it out wouldn’t be your living, it would probably be something like a retirement plan.
So if renting isn’t your living, hopefully you’d be less likely to be a dick.
I remember hearing about it on the news and I was in just… total shock for at least 10 minutes. I just stood there after hearing it on the news. It still spins my brain round how someone could be such an evil fuck.
Visited Japan recently and was surprised at the lack of fucked up chip flavors. Sure, they were somewhat different, but still clearly chip-appropriate food flavors. My friend there tells me stuff like this tends to be sold at very limited times and also varies by region. So weird flavors are more like rare special editions than the norm.
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