Maybe Treating Housing as an Investment Was a Colossal Mistake

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by RHSeeger on Monday March 06, 2023 @02:07PM (#35046016)

Well, yes and no. If you own and the roof needs replacing, you need to have that money on hand (or be able to take out another loan to cover it, which isn't always possible). If you rent, you don't.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by 8note on Tuesday March 07, 2023 @02:00AM (#35052427)

Well, if you rent, you rely on the landlord to be able to do that, and if they can't, you're still screwed

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by RHSeeger on Tuesday March 07, 2023 @03:01PM (#35060387)

I don't see how that's important to the discussion at all. Sure, if you live somewhere, a problem with the roof is "your problem". But if you own, it's also "your responsibility" vs renting where it's "their responsibility". And the person whose responsibility it is is the one that is saddled with the need to acquire that lump sum of money to deal with it.

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