7 ms·
A lot of people never buy a home. And to my knowledge the number of people who will never be able to afford to buy a home is only increasing. So yes indeed, re
by fredsir 4y ago
A lot of people never buy a home. And to my knowledge the number of people who will never be able to afford to buy a home is only increasing.
So yes indeed, renting is not my preferred way of dealing with housing in our society, but it is the reality for a lot of people.
- lettergram 4y agoIt depends where you live and if you’re willing to move. A friend of mine couldn’t afford a house in SF, so he bought 3 elsewhere and the rent income paid for the mortgage on his 4th. People can always move and make it work. I’ve seen the poorest people I know buy a few acres and quite literally camp as they build a house by hand. The reality, is people want to rent. While it blows my mind, I agree it’s the reality (people increasingly renting). However, in my opinion, it’s because they don’t have the drive to build wealth and be independent; self-reliant; etc.
- fredsir 4y agoThat’s an overly simplistic and very rosy eyed take in my opinion.
- seanmcdirmid 4y agoI spent 9 years renting, paying 6-7k RMB for an apartment that was selling for 8 million RMB. Even though I didn’t build wealth through housing, I was able to save a lot because rents were cheap where I lived and I didn’t buy. This works in markets where rents are cheap and sale prices are high (most of China actually), you have to do the math, “buy at any cost” is not a good answer.