Yes, the landlord is going to make a profit, but that’s going to be true of literally any service that’s being provided by a private entity, especially when they’re carrying a large amount of risk.
But it’s disingenuous to claim that there’s no benefit to tenants in a rental situation. They don’t have to worry about having to unexpectedly drop $30k on a new roof or HVAC system, or finding and dealing with contractors to do maintenance (or finding the time and energy to do it themselves).
In the house I own yet could not afford to rent I have no issue with those unexpected costs because I am able to save the money that is not going to a landlord in order to pay them.
The renter is paying for the cost of a new roofer or HVAC system anyway, whether the home ends up needing one or not, and they have zero say in how or when it happens.
What you’re not getting is that’s a plus to some people. They don’t have to worry about budgeting and all of that.
Just because you don’t get anything from a rental situation doesn’t mean no one can. I absolutely know people who have sold their houses and went back to renting because they were tired of the hassle of home ownership.
What you’re not getting is I don’t think economic policy should be based around people with more money than sense.
We are in a housing crises right now, the vast majority of people want to own a home but could never reasonably afford to. I don’t give a shit about the small fraction of a percent of people that find it more convenient for them.
“I absolutely know people who never set foot in a hospital” is not an argument against healthcare.
Yes, the landlord is going to make a profit, but that’s going to be true of literally any service that’s being provided by a private entity, especially when they’re carrying a large amount of risk.
But it’s disingenuous to claim that there’s no benefit to tenants in a rental situation. They don’t have to worry about having to unexpectedly drop $30k on a new roof or HVAC system, or finding and dealing with contractors to do maintenance (or finding the time and energy to do it themselves).
In the house I own yet could not afford to rent I have no issue with those unexpected costs because I am able to save the money that is not going to a landlord in order to pay them.
The renter is paying for the cost of a new roofer or HVAC system anyway, whether the home ends up needing one or not, and they have zero say in how or when it happens.
What you’re not getting is that’s a plus to some people. They don’t have to worry about budgeting and all of that.
Just because you don’t get anything from a rental situation doesn’t mean no one can. I absolutely know people who have sold their houses and went back to renting because they were tired of the hassle of home ownership.
What you’re not getting is I don’t think economic policy should be based around people with more money than sense.
We are in a housing crises right now, the vast majority of people want to own a home but could never reasonably afford to. I don’t give a shit about the small fraction of a percent of people that find it more convenient for them.
“I absolutely know people who never set foot in a hospital” is not an argument against healthcare.