• nick@campfyre.nickwebster.dev
    link
    fedilink
    arrow-up
    18
    arrow-down
    6
    ·
    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
      link
      fedilink
      arrow-up
      12
      arrow-down
      6
      ·
      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
        link
        fedilink
        arrow-up
        10
        arrow-down
        2
        ·
        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.