Comment on Investors are making up the highest share of homebuyers in 5 years
starman2112@sh.itjust.works 3 days agoSo everyone who has enough money to rent, but not enough to own, should be homeless?
The concept of someone having enough money to rent but not enough to own is ghoulish in the first place. If my landlord can pay $1000 for this house’s mortgage and upkeep, and I can pay $1,200 a month for the right to sleep in it, then we should simply cut out the middle man and have me pay that $1,000 a month for mortgage and upkeep directly.
damnedfurry@lemmy.world 5 hours ago
Don’t think you’re being a little dramatic? There are many more costs involved in owning a house than the mortgage payment.
You’re paying for not having the responsibility to pay for any maintenance/repairs upfront, and for having the ability to easily pack up and move on short notice. If the roof suddenly needs replacing, that’s $9500 on average that you have to pay right now.
Chances are, if you’re financially stable enough that you’d be able to handle things like that without it being a financial catastrophe for you, then you do have enough money to own.
starman2112@sh.itjust.works 4 hours ago
Yes, and my rent covers literally all of them. Again, it has to, or else my landlord would be renting this house at a loss. I don’t want the opportunity to pack up and move on short notice. I’ve lived in this city since I was born, and I intend to die here. I should not be forced to pay a premium for a feature I will never use.