• SeattleRain@lemmy.worldOPMEnglish
    313·
    6 months ago

    Blah blah blah, the average upkeep on a home is 3% of the home’s price. On a 400k home that’s 12 grand. That’s 1k a month for a 3br home. Rents for something like that would top 3k.

    That’s why we call it RENT and not a service. No one would pay over 3 times as much for something they could do themselves.

    Homes appreciate on average 1% a year so you’re really talking about 8k out of pocket or $800 per month for maintenance.

    • KecessaEnglish
      101·
      6 months ago

      You’re not taking taxes and interest on your mortgage into consideration and historically there’s a higher return on investment to just use the money to invest in the S&P.

      If landlords don’t exist, what’s your solution for people who don’t want to own or aren’t financially or mentally able to have that level of responsibility? You can be able to rent a house without wanting to own it, doesn’t mean you want to live in a state owned apartment either…

      • SeattleRain@lemmy.worldOPMEnglish
        27·
        6 months ago

        Because you talked about the “risk” that landlords absorb like flood and fire.

        And how much your mortgage is is predicated on how much of a down payment you put down. A down payment that tenants can’t save because of the parasitic draw of landlords.

        The only reason why renting is cheaper than buying now is because of rampant speculation by DUN DUN DUN LANDLORDS. You want me to be great full for a solution to a problem YOU CAUSED.

        Before COVID made AirBnBs 10x money machines, and RealPage allowed landlords to fix prices, buying was actually a little cheaper than renting in all but the most desirable cities.

        Regardless the Real Estate rentals making 100’s billions of dollars. All the “risk” and equity that landlords are supposedly providing is all coming from tenants fully fucking stop.

        As far a solution for the people that absolutely positively can not buy, that you couldn’t give a fuck less about considering how many people you’ve kicked our onto the streets already, who previously could afford rent, it’s called public housing, ie just give them a home. We already do it in Mississippi and it works great.

      • SeattleRain@lemmy.worldOPMEnglish
        212·
        6 months ago

        Bruh, landlords write off the interest on their taxes. Plus there’s depreciation, a lot of landlords don’t pay any taxes at all. You are such a landlord shill.