• norbert@kbin.social
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      1 year ago

      Did they provide me shelter or did they sink their temporarily excess capital into the local single-family home market driving up prices?

      I’m paying a fair bit to live here so it seems I’m providing my own shelter.

    • nick@campfyre.nickwebster.dev
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      1 year ago

      No, you pay off their mortgage in exchange for not being homeless. All renting should be rent to buy. No renting without equity in exchange.

      • sailingbythelee@lemmy.world
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        1 year ago

        “Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.

        • nick@campfyre.nickwebster.dev
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          1 year ago

          The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.

    • Custoslibera@lemmy.worldOP
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      1 year ago

      The landlords built those homes with the sweat of their brow?

      Once the home is paid off they’ll reduce the rent to only cover the outgoings on the property?

      The speculation on property as an asset class has no effect on pricing people out of the market for ownership?

      • pascal@lemm.ee
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        1 year ago

        Once the home is paid off

        HA HA HA! That’s funny!

        I bought a house last year after renting for 20 years since I moved out of my parents’ house.

        My kids will probably still pay for my house.