Re:California will pay off all past due rent
by nielsbot on Tuesday June 22, 2021 @02:16PM
(#27595145)
No, but what about having more homeowners instead?
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Re:California will pay off all past due rent
by olivermarks on Tuesday June 22, 2021 @02:22PM
(#27595223)
It would be ideal to have more homeowners but right now we have Blackrock et al buying up real estate to rent out.
'in the future you will not own anything' #WEF https://awealthofcommonsense.com/2021/06/is-blackrock-buying...
Landlords will always need to exist, because there will always be situations when renting is advantageous or necessary. But yes, I wish it was easier for folks (read: me) to make the transition from renting to owning.
Re:California will pay off all past due rent
by foogazi on Tuesday June 22, 2021 @04:43PM
(#27596932)
> But yes, I wish it was easier for folks (read: me) to make the transition from renting to owning
Plenty of housing available before blackrock snatches it all up
https://www.zillow.com/homedetails/3723-Bridlewood-Dr-Montgo...
Re:California will pay off all past due rent
by aeternum on Wednesday June 23, 2021 @01:24PM
(#27607205)
Homeownership significant decrease people's liquidity and ability to move to follow opportunities. It leads to a lot of negative effects:
- more traffic since buying and selling a new home takes a lot more effort.
- barrier to moving to a different city with better opportunities / QoL
- lots of capital (most of one's net worth) tied up in a very emotional and personal investment
- incentives that pit their housing investment against things that they might otherwise support, like more housing being built, homeless services, etc