Home rental and ownership are not substitutable to each other. The amount of tax exemptions of buying a, esp as first buyer, as incredible. Find out what a buyer’s vs seller’s market is. Look at what the avg. capital gains are for homeownership vs home rental (which are basically none). You still pay property tax on rentals such as apartments. Buying real estate is an investment, meaning you make returns on it.
Look, I’ll be straight up, you seem like you are coming from a place of someone who has closed on property - which is 100% okay. but you are wrong.
Bookmeat@lemmy.world 1 year ago
They are NOT reducing demand. People want to own because rental is not capital building. Demand is suppressed, but not reduced.