Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by ap3 on Thursday May 02, 2019 @10:40PM
(#19815040)
Not always the case because the market sets the rent - not the owners expenses
In CA I might be paying double the tax than my neighbors but I can’t charge more rent than them
Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by azeotropic on Saturday May 04, 2019 @06:43AM
(#19825644)
Yes, but perennially unprofitable units are going to leave the rental market. So it's not like owners' expenses are not an input into the market price.
One thing that can make it better to own (in the US) is that mortgage interest is tax deductible (at the federal level). Rent typically is not (although some states make rent tax deductible because voters naively believe this is a subsidy to renters and not to landlords).