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A comment on More than half of American retailers didn't pay their rent in April and May. Parent comment

Re:More than half of American retailers didn't pay their ren... by airza on Thursday June 04, 2020 @05:41PM (#23422222)
It's certainly more feasible to rent if you don't have the money to buy a house, which is why every single renter i know is doing do. I'm just not sure why this is necessary or a valuable economic innovation that justifies the rent paid.
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Re:More than half of American retailers didn't pay their ren... by toast0 on Thursday June 04, 2020 @06:41PM (#23422840)
Rentals are a useful innovation because the transaction is beneficial for both parties.

The leasor turns their large investment into a stream of payments, and the leasee turns their stream of payments into use of a large investment without having to make such an investment and without needing to have the capability to make that investment.

Avoiding making a large investment in property makes it easier for the leasee to move if needed, since there aren't significant costs to unwind a lease like there are to unwinding property ownership.

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Re:More than half of American retailers didn't pay their ren... by em500 on Thursday June 04, 2020 @06:10PM (#23422582)
You're not sure why it's a valuable economic innovation that people who don't have the money to buy a house can rent one? What alternative are you suggesting, that they should get a house for free?
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