Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by Broken_Hippo on Thursday May 02, 2019 @04:57AM
(#19805986)
I'm really inclined to believe renting homes shouldn't be legal, perhaps, because eventually you wind up with a situation where no one even has the option of buying their own house.
I disagree. Home renting has all sorts of societal benefits and allows folks to be mobile when needed. Perhaps you are just going to be in the area for a couple of years, yet would like to have space for your dog to run, for example. Or need to divide your large, old house up so you don't have to move. It also means young folks can move out of the house and that everyone gets the choice of sharing walls with a neighbor.
Money and income is a much bigger indicator of whether or not someone can buy a house. If slews of people cannot save up money for a down payment, these folks cannot do such a thing. Bad zoning laws and other such things naturally influence it as well.
I disagree. Home renting has all sorts of societal benefits and allows folks to be mobile when needed. Perhaps you are just going to be in the area for a couple of years, yet would like to have space for your dog to run, for example. Or need to divide your large, old house up so you don't have to move. It also means young folks can move out of the house and that everyone gets the choice of sharing walls with a neighbor.
Money and income is a much bigger indicator of whether or not someone can buy a house. If slews of people cannot save up money for a down payment, these folks cannot do such a thing. Bad zoning laws and other such things naturally influence it as well.