Housing is at the root of many of the rich world’s problems (2020)

Re:Housing is at the root of many of the rich world’s proble... by thomastjeffery on Thursday August 18, 2022 @10:37AM (#32510274)

And why do people prefer renting to ownership? Because it's cheaper? Because the home buying process is too difficult?

Owning a home, even if its value is deprecating, is fundamentally still more attractive than renting. You get to recoup at least some of your investment, and you don't have property management invading your personal life.

Most people simply can't afford to buy homes in the first place.

[ Parent | on HN ]

Re:Housing is at the root of many of the rich world’s proble... by tutorialmanager on Friday August 19, 2022 @05:33AM (#32519041)

I think many people enjoy the short term benefits of renting (spend money instead of saving for down payment) and undervalue the long term benefits of owning (lower housing cost when retired).

[ Parent | on HN ]

Re:Housing is at the root of many of the rich world’s proble... by thomastjeffery on Friday August 19, 2022 @08:52AM (#32520353)

I'm sure many prefer it, but many also require it. Bundling the two groups is disingenuous.

Making ownership more accessible would attract a lot of prospective buyers, and getting rid of the landlord role and land investment would likely have that effect.

[ Parent | on HN ]