• Flumsy@feddit.de
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    1 year ago

    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).

    • doleo@lemmy.one
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      1 year ago

      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.

      • Flumsy@feddit.de
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        1 year ago

        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"?