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A comment on Solving the housing crisis requires fighting monopolies in construction (2020). Parent comment

Re:Solving the housing crisis requires fighting monopolies i... by SoftTalker on Saturday June 04, 2022 @10:00PM (#31627200)
Rentals must on average cover the debt, taxes, and profit for the owner. The tennant pays monthly rent including all of the above and has nothing to show for it when the lease ends.

Condos at least build some equity that you can recover when you sell. Sure there are some risks and maintenance costs that renters don't "pay" but it's all included in the rent, over time.

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Re:Solving the housing crisis requires fighting monopolies i... by loonster on Saturday June 04, 2022 @11:11PM (#31627651)
With a rental, a single entity is responsible for maintenance, if you don't like it, you can move.

With a condo, several entities are jointly responsible. If you don't like it, you can sue.

I would rather deal with a landlord than a Surfside Tower like incident.

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Re:Solving the housing crisis requires fighting monopolies i... by davidgay on Saturday June 04, 2022 @10:43PM (#31627491)
> Condos at least build some equity

That equity is only monthly payment - debt, taxes. So the real difference is that you can invest X in your property or X-owner's profit in the investment of your choice.

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Re:Solving the housing crisis requires fighting monopolies i... by riku_iki on Saturday June 04, 2022 @10:52PM (#31627551)
If you take loan, it is also leveraged investment with some tax benefits, and lower risk: you can file for foreclosure if underwater without need to pay out of debts.
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