• 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.