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A comment on US Housing Affordability Hits Worst Point in Nearly Four Decades. Parent comment

Re:US Housing Affordability Hits Worst Point in Nearly Four ... by jandrewrogers on Monday August 21, 2023 @02:23PM (#37213392)
The vast, vast majority of rental properties have a much lower cost basis than if you were to buy it yourself today. Many landlords could rent it for much less than your mortgage payment on the same property and still turn a profit.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by Alupis on Monday August 21, 2023 @05:50PM (#37215814)
> The vast, vast majority of rental properties have a much lower cost basis than if you were to buy it yourself today

Anything to quote here for this? I'm inclined to believe you are probably right, but an awful lot of real estate has changed hands in the past 5ish years... all of which is hugely inflated above actual property values in a normal market.

Lots of people with FOMO bought into houses way above their weight, and thought the rental market was a "game" anyone can play.

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