I think what OP was getting at was not housing being sold to make money down the line but housing being bought, then sat on until prices rise, then sold for more money. All while the property lays vacant.
Not sure though since I can’t read minds.
In any case:
overhead costs of fixing everything that breaks
ah yes the act of renting suddenly makes those costs disappear, you know you’d have even less cost if you bought wherever you are living instead since now you don’t have the overhead cost of paying the landlord? Renting being cheaper is a myth because most people rent apartments, not houses (At least where I live). If 10 people owned the apartments in the house they live in and shared the repair costs they would be significantly cheaper off than if those 10 people rented their apartments from a landlord.
I think what OP was getting at was not housing being sold to make money down the line but housing being bought, then sat on until prices rise, then sold for more money. All while the property lays vacant.
Not sure though since I can’t read minds.
In any case:
ah yes the act of renting suddenly makes those costs disappear, you know you’d have even less cost if you bought wherever you are living instead since now you don’t have the overhead cost of paying the landlord? Renting being cheaper is a myth because most people rent apartments, not houses (At least where I live). If 10 people owned the apartments in the house they live in and shared the repair costs they would be significantly cheaper off than if those 10 people rented their apartments from a landlord.
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