You don’t “sit in a house comfortably” if there’s water coming in, you’re potentially exposing yourself to mold as well.
Renters protection laws are the issue then, but it won’t make people financially able to own a house and having to spend money you don’t have on your house can make you end up on the street as well, the difference being that you will also have to go bankrupt in the process.
Bruh, lmao, my husband and I have been paying off new siding and new plumbing since October 2022. It’s costing us $2600/mon to live in a 3 bed/2 ba 1500 sqft home in a neighborhood that does not rate that much.
(To be clear, we had planned on the siding, the plumbing happened to be a surprise in the same month we were getting the siding done).
We also replaced all the windows & traded out the sliding back door for a French door in 2022 (pre plumbing fiasco. Also planned.)
In 2022 we spent $60K alone between those 3 projects. Over the years we’ve also done the roof/HVAC/Water Heater/Foundation, new flooring and new counter tops.
And now? We’ve just secured a rental and we’re selling this bitch. I’m so over home ownership. I’m over the saving and saving and saving and saving and saving for months only to have some $20K cost crop up out of nowhere and just wipe it all out. I’ll gladly pay someone more than the mortgage/property taxes to handle that shit, so I can put my savings away in a HYSA or something and not need it until worst-case scenario: our cars break.
HUGE PRIVILEGED DISCLAIMER: Were both active duty military, so we don’t have to worry about Healthcare costs wiping us out. YES, I wish that was available to everyone. YES, I vote for socialized medicine. Just wanted to throw it out there that I’m aware that others have concerns that I don’t have.
Most people here think that if renting magically went away, they could get a house and maintain it. From comments it seems also magical - almost like someone was to give a house to them the minute that renting was cut. Like, people will sell their houses and now there’s 50% of the population that needs to buy a home ASAP. The prices would get even more bonkers. After that temporary rise, nobody would build anymore - since it wouldn’t be profitable anymore to do that.
Not only that but some people just don’t want to own! We moved away while I was fully remote knowing full well that might be temporary, so what, I should have been forced to buy a house instead of renting? How would I have bought something else when needing to move back if the house I was forced to purchase didn’t sell quickly enough?
What’s funny as well is that home ownership to the level we’ve seen it since the 50s is an historical anomaly, even today there’s more home owners than there was 100 years ago so the people we see complaining are mostly people that wouldn’t be able to afford a house no matter what or that are young enough that it will just happen later on in their life or (based on what I’ve seen with many of my younger colleagues) that don’t want to start with what they’re actually able to purchase as a first home and instead want to start big and potentially never have to move again.
I mean, what I’d PREFERABLY like to see is a model like in large parts of Europe, where if you rent long enough, you are considered to own the apartment you’re normally renting. You still have to maintain it, but you do not have to necessarily pay rent (to my knowledge). I’d like to see more paths to owning your own space that is not necessarily a house - things like buying an apartment outright or a long-term lease that’s much harder to evict someone out of when you decide the rent needs to go up another $250.
You don’t “sit in a house comfortably” if there’s water coming in, you’re potentially exposing yourself to mold as well.
Renters protection laws are the issue then, but it won’t make people financially able to own a house and having to spend money you don’t have on your house can make you end up on the street as well, the difference being that you will also have to go bankrupt in the process.
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Bruh, lmao, my husband and I have been paying off new siding and new plumbing since October 2022. It’s costing us $2600/mon to live in a 3 bed/2 ba 1500 sqft home in a neighborhood that does not rate that much.
(To be clear, we had planned on the siding, the plumbing happened to be a surprise in the same month we were getting the siding done).
We also replaced all the windows & traded out the sliding back door for a French door in 2022 (pre plumbing fiasco. Also planned.)
In 2022 we spent $60K alone between those 3 projects. Over the years we’ve also done the roof/HVAC/Water Heater/Foundation, new flooring and new counter tops.
And now? We’ve just secured a rental and we’re selling this bitch. I’m so over home ownership. I’m over the saving and saving and saving and saving and saving for months only to have some $20K cost crop up out of nowhere and just wipe it all out. I’ll gladly pay someone more than the mortgage/property taxes to handle that shit, so I can put my savings away in a HYSA or something and not need it until worst-case scenario: our cars break.
HUGE PRIVILEGED DISCLAIMER: Were both active duty military, so we don’t have to worry about Healthcare costs wiping us out. YES, I wish that was available to everyone. YES, I vote for socialized medicine. Just wanted to throw it out there that I’m aware that others have concerns that I don’t have.
Most people here think that if renting magically went away, they could get a house and maintain it. From comments it seems also magical - almost like someone was to give a house to them the minute that renting was cut. Like, people will sell their houses and now there’s 50% of the population that needs to buy a home ASAP. The prices would get even more bonkers. After that temporary rise, nobody would build anymore - since it wouldn’t be profitable anymore to do that.
Not only that but some people just don’t want to own! We moved away while I was fully remote knowing full well that might be temporary, so what, I should have been forced to buy a house instead of renting? How would I have bought something else when needing to move back if the house I was forced to purchase didn’t sell quickly enough?
What’s funny as well is that home ownership to the level we’ve seen it since the 50s is an historical anomaly, even today there’s more home owners than there was 100 years ago so the people we see complaining are mostly people that wouldn’t be able to afford a house no matter what or that are young enough that it will just happen later on in their life or (based on what I’ve seen with many of my younger colleagues) that don’t want to start with what they’re actually able to purchase as a first home and instead want to start big and potentially never have to move again.
I mean, what I’d PREFERABLY like to see is a model like in large parts of Europe, where if you rent long enough, you are considered to own the apartment you’re normally renting. You still have to maintain it, but you do not have to necessarily pay rent (to my knowledge). I’d like to see more paths to owning your own space that is not necessarily a house - things like buying an apartment outright or a long-term lease that’s much harder to evict someone out of when you decide the rent needs to go up another $250.
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