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0 pointsskew-aberration3h ago0 comments

If you were renting, you would still be paying for the fence, utilities, roof, etc (quoted prices for fence/hvac are very high btw).

If every renter on the street had significant free money to invest, why wouldn't the landlords increase rent? The only thing stopping them is the availability of other land / houses to buy, which acts as leverage for the renters. As land gets bought up over time, zoning becomes more restrictive, etc and this source of leverage dries up.

The result is that while some high-income earners benefit from renting, it is mathematically impossible for the average person to do so. 'Anyone can win the race but not everyone' principle.

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laughing_man3h ago

Usually when you're renting you're not in a detached dwelling, which is more expensive. On a per-unit basis, it's a lot cheaper for the landlord to maintain your unit than it is for you to maintain a separate house.

Renting a house just makes no sense, IMO, unless you have a family and you know you're going to be moving soon.

Also, rents don't increase just because you have extra money. People take the cost of living into account when they decide where to live, so there's a natural cap on what people will pay for rent if they can commute.

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laughing_man3h ago

Renting a house just makes no sense, IMO, unless you have a family and you know you're going to be moving soon.

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