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A comment on Public-ownership rental as a third option to renting or owning a house. Parent comment

Re:Public-ownership rental as a third option to renting or o... by tareqak on Monday April 19, 2021 @03:45AM (#26860065)
> There are many people who have no business owning a home but who feel they must do so in order to not be left behind in this game of leveraged bets.

Who has no business owning a home?

[ Parent | on HN ]
Re:Public-ownership rental as a third option to renting or o... by closeparen on Monday April 19, 2021 @05:20AM (#26860653)
* Won't stay long enough to break even on transaction costs.

* Price to rent ratio very high, just need somewhere to live.

* Achieving ownership requires moving to sprawl and taking on a ruinous car commute.

* Ownership used to justify overspending on housing because "it's an investment."

* Need to go broke to scrape together the down payment.

* Don't reliably earn enough to pay the mortgage, and no savings.

* Don't have the temperament or the means to do maintenance.

[ Parent | on HN ]