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How many people live in their own property?
(i.imgur.com)
cross-posted from: https://feddit.de/post/3912911
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this post was submitted on 28 Sep 2023
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How is not owning property equal to 'having it the worst'? Its also not financially viable to own property, renting is actually the smart choice.
Even though i'm not particularly proud of that comment in general (as stated below), how in the world is it a good thing to not own property?
Where i live real estate is still a great investment but i'm genuinely interested why you think renting is a better option?!
I wouldn't say it's a good thing to not own property but it isn't inherently worse. I personally have 0 want to own the place i live in since I doubt I will ever feel like settling down forever, and there's some additional management overhead that as a renter I don't have to deal with (of course I end up paying for it).
I actually find this idea that "being unable to buy your own place to live = really bad" like that is everyones normal life goal to be a bit weird, though I do agree it's rather indicative of a general problem of inflated prices for living space (and I also think it should be an option bc there are some advantages to owning your own place that you would not be able to have with alternative systems that I'd personally be perfectly happy with such as 100% government owned housing).
Respect that preference but I didn't say "really bad", I said worst (in comparison to other countries).
I don't think you would decline if someone gave you a house. You can always rent it out, hire someone to manage it and probably still have some cash left over.
If there weren't greedy, demented landlords all over the place (I got really fucked in that regard multiple times) and tenants were properly protected against insane price hikes, there's absolutely nothing wrong with renting. Glad it worked out for you so far but that's not the reality I live in.