House and property ownership has a lot of responsibility and expenses involved. Your water heater breaks well there is $1000+ your roof needs replacing there is 30K. All of that goes away when you rent as it isn't your responsibility.

If you own property it can be harder and more risky to relocate. I know a few people that bought in 2007 and then were stuck as they couldn't afford to move because they were upsidedown on their house.

Not saying renting is all sunshine and roses. I personally would rather own then rent but home ownership isn't for everyone.

But I do think it is a major problem when you have a few companies buying up all property so no one else can afford it. But I don't think being a Landlord is inherently evil.

[–] papertowels@lemmy.one 1 points 1 year ago (2 children)

Threw down over 20k in fixes so far in our first year of homeownership, and due to interest rates and closing costs, we don't really have the opportunity to move anywhere else without taking a significant financial hit.

You bet it's not for everyone.

[–] Rodeo@lemmy.ca -1 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah but you know what, you always have a home. It is very unlikely the bank will ever foreclose on you, they rarely do that, even in 2008 almost nobody lost their homes.

But me, I lose my home on my landlords whim. At any given time I may have just 30 days to pack my life up and fuck off, and there's nothing I can do about it.

You have stable permanent shelter. Don't undervalue that just because you have to maintain it.

[–] WoodenBleachers@lemmy.basedcount.com 1 points 1 year ago

Um, you have rights depending on your country of I’m not mistaken

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