The fact that you cant buy a house shows that your landlord is providing value to you, because they make living there affordable where it would otherwise be unaffordable.
My statement still stands: IF they werent providing any value to you (eg. making living there more affordable) then you could just buy a house. (But they do provide value which is why you can afford to rent but not afford to buy a house).
Paying a higher amount in rent than a mortgage would be is not making living affordable. They’re exploiting the fact that many people can’t access credit or afford to make a required down payment/stamp duty/legal fees, etc. up front.
Alright but wouldnt you then say banks, for example, are also exploiting you (because you have to pay an interest when takking out a loan)? Isnt that also exploiting the fact that many people dont have the money upfront"?
You mean this house that has already been outbid behind closed doors by someone who already has been profiting off of real estate and is expanding to even more houses?
They seem to provide some kind of vakue to you, otherwise you could just buy a house.
Can you just step back from the keyboard and realize how stupid what you’ve just said is?
The fact that you cant buy a house shows that your landlord is providing value to you, because they make living there affordable where it would otherwise be unaffordable.
My statement still stands: IF they werent providing any value to you (eg. making living there more affordable) then you could just buy a house. (But they do provide value which is why you can afford to rent but not afford to buy a house).
Paying a higher amount in rent than a mortgage would be is not making living affordable. They’re exploiting the fact that many people can’t access credit or afford to make a required down payment/stamp duty/legal fees, etc. up front.
Alright but wouldnt you then say banks, for example, are also exploiting you (because you have to pay an interest when takking out a loan)? Isnt that also exploiting the fact that many people dont have the money upfront"?
Which house?
You mean this house that has already been outbid behind closed doors by someone who already has been profiting off of real estate and is expanding to even more houses?