There is a need for renting, so there has to be some balance to avoid all that capital being driven toward forcing renting to be the only option while still allowing some housing stock be available for renting (eg people who know they won’t be there more than two years)
Oh man, I sure would have loved to live nowhere near my job and forgone most of my hobbies for nearly 3 years. There’s definitely no reason why anyone would ever need to rent a SFH ever.
The most straightforward would be having them buy, then sell the house when done. Problem is that opens up a huge exposure for “needing” to sell in a certain window. A common rental scenario is college, where people move out 4 months before others are likely to move in. Even in the best of scenarios it might take months to try to sell the house, and that’s very hard to do if you’ve moved hundreds of miles away and have to cover your housing expenses in two locations at the same time. It’s worth it if that circumstance is suffered after 10 years or so, but certainly not worth it for a 6 month work assignment. To be clear, this prospect should be protected, and those that want to own rather than buy should have some of the market sheltered from rental manipulation.
If you instead have companies that as a matter of course buy up housing stock and “flip” the properties, without renting, to make sure there is an eager buyer at all times, you get the same problem of companies using their funds to assert supreme control over the housing stock.
If it’s “a company is allowed to ‘rent’, but must provide tenant with an ‘equity rebate’ check on move out”, well that would seem to make the business prospect rather unappealing from the company that would rent the hosing stock.
“Me me me me what about me” I’m sure people would also like to have a home to live in while they work 40 hours a week instead of being fucking homeless.
You’re right, I am a selfish asshole and the only person on the entire planet who lives in an area that doesn’t have the population density for an apartment complex to make sense, and I’m also the only person whose lifestyle conflicts with apartment living. My apologies for singlehandedly destroying the US housing market because I rented a SFH.
Which part? I’m really perplexed as to why someone would think nobody should “ever need to rent a SFH ever”. Like they haven’t heard of families or something.
There is a need for renting, so there has to be some balance to avoid all that capital being driven toward forcing renting to be the only option while still allowing some housing stock be available for renting (eg people who know they won’t be there more than two years)
That’s what apartments are there for
Who would get to own those?
The government.apartments are the perfect solution for people who want to rent short-term, houses are not.
The government used to build apartments until Bill Clinton made it against the law for states to build housing for their citizens.
Oh man, I sure would have loved to live nowhere near my job and forgone most of my hobbies for nearly 3 years. There’s definitely no reason why anyone would ever need to rent a SFH ever.
You can have temporary housing without landlords and rent. Just give whatever equity the landlord would have built up charging rent to the tenant.
Sure, no disagreement there. Just pointing out that apartments shouldn’t be the only options for those not wanting to purchase a property
The question is what is the mechanism for that.
The most straightforward would be having them buy, then sell the house when done. Problem is that opens up a huge exposure for “needing” to sell in a certain window. A common rental scenario is college, where people move out 4 months before others are likely to move in. Even in the best of scenarios it might take months to try to sell the house, and that’s very hard to do if you’ve moved hundreds of miles away and have to cover your housing expenses in two locations at the same time. It’s worth it if that circumstance is suffered after 10 years or so, but certainly not worth it for a 6 month work assignment. To be clear, this prospect should be protected, and those that want to own rather than buy should have some of the market sheltered from rental manipulation.
If you instead have companies that as a matter of course buy up housing stock and “flip” the properties, without renting, to make sure there is an eager buyer at all times, you get the same problem of companies using their funds to assert supreme control over the housing stock.
If it’s “a company is allowed to ‘rent’, but must provide tenant with an ‘equity rebate’ check on move out”, well that would seem to make the business prospect rather unappealing from the company that would rent the hosing stock.
“Me me me me what about me” I’m sure people would also like to have a home to live in while they work 40 hours a week instead of being fucking homeless.
You’re right, I am a selfish asshole and the only person on the entire planet who lives in an area that doesn’t have the population density for an apartment complex to make sense, and I’m also the only person whose lifestyle conflicts with apartment living. My apologies for singlehandedly destroying the US housing market because I rented a SFH.
Are you insane?
Based on the first sentence, I assume that was sarcasm.
Which part? I’m really perplexed as to why someone would think nobody should “ever need to rent a SFH ever”. Like they haven’t heard of families or something.
Comment said that he would have loved to forgo his hobbies for 3 years. I’m pretty sure that would be sarcastic and not sincere.