• blazera@kbin.social
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        1 year ago

        With an absence of landlords, buying an apartment unit like a condo would be how that works.

          • blazera@kbin.social
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            1 year ago

            Are you talking about the current situation or my hypothetical? Because money and commitment are a big part of renting an apartment.

      • Catoblepas@lemmy.blahaj.zone
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        1 year ago

        If rent was just paying for the costs of utilities, insurance, taxes, general upkeep costs, and the mortgage for my unit I’d have no problem with it. When corporations start sucking up money to line the pockets of investors it becomes a problem.

            • blazera@kbin.social
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              1 year ago

              Im the guy saying get rid of all landlords. Being investors is what makes them bad.

          • Catoblepas@lemmy.blahaj.zone
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            1 year ago

            I’m not playing word games today, sorry. In this context “investor” means someone who is investing in corporate ownership of housing.

            • blazera@kbin.social
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              1 year ago

              Its no word game, this is layman’s terms, rental properties are bought by investors. I just dont get why unincorporated investors also sucking up money get a pass.

      • blazera@kbin.social
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        1 year ago

        would you like to get back all the money you spent on a rental property when you move out?

        • GBU_28@lemm.ee
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          1 year ago

          That doesn’t make any sense. Are you connecting mortgage payments to “getting money back” or something?

          In a non private ownership situation the government “owns” the housing and citizens contribute via taxes. (Scaled to their ability/income) No argument on the validity of that approach, just saying someone still “owns” everything, and the money spent isn’t just sitting around, waiting to come back

          • blazera@kbin.social
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            1 year ago

            who said non-private ownership? Landlords are not the only property owners, as much as they would like to be.

                • GBU_28@lemm.ee
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                  1 year ago

                  You proposed getting money back. I discussed options of who you might hope to be getting money from, because it wasn’t clear from your comment

                  • blazera@kbin.social
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                    1 year ago

                    yes I was referring to the mortgage situation of payments going towards equity. And then you move, the property sells, and the difference between how much you still owed and the sell price of the property goes to you.

          • blazera@kbin.social
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            1 year ago

            It’s how mortgages work. You make a monthly payment to live somewhere, same as renting. In the rental scenario, it all stays with the landlord. In the mortgage scenario, you have paid off some portion of the price of the house. When you move out, you sell the house, and use that money to pay the rest of what you owe, and the difference is yours. It’s like selling your car when buying a new one, except housing in the US tends to go up in price even when used.

            • blackn1ght@feddit.uk
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              1 year ago

              You don’t need to explain it to me, I’m paying a mortgage and have rented before. But a rental isn’t a mortgage. You don’t get your money back when you return any rental item, why would a property be any different?

              The landlord is offering a service: a property that you can move into almost right away, sometimes even furnished, with little risk and without having to manage the property. They’re the ones who have taken on the risk of taking on a mortgage or have spent a lot of money buying something outright.

              I’m not defending all landlords here, but the concept. I think rentals are an important part of the market and for social mobility.

              • blazera@kbin.social
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                1 year ago

                But a rental isn’t a mortgage. You don’t get your money back when you return any rental item, why would a property be any different?

                right, thats why Im confused why anyone would rather rent.

                also Im hearing an alien language. Im living in a rental property, I’ve never had one furnished, and I’ve been threatened with eviction for not managing the property myself. I aint seen my landlord in years.

                Also, please dont buy into the propaganda that wealthy people are taking on risk. Its never about risk, its about having enough money to own the things that people need. They’re not gonna stop needing it.

                • blackn1ght@feddit.uk
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                  1 year ago

                  right, thats why Im confused why anyone would rather rent

                  Maybe because you’re young and you don’t want to commit to buying a house yet? Or you’ve just got a new job in a distance place but need somewhere quickly? You can’t exactly tell your new employer you can’t start until 6 to 9 months while you look for a house and go through all the legal process to buy one. Also some people just don’t want to have to maintain it themselves. Boiler breaks? Landlords problem. Need a new roof? Landlord takes the hit.

                  Furnished rentals are definitely a thing here. Unfortunately shitty landlords exist everywhere.