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The Rise of Renting in the U.S

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Re: The Rise of Renting in the U.S

#3
post #2

Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.

idk, I'd give most the benefit of the doubt that they are "good people", but may not necessarily show that side to you the tenant for a variety of reasons, such as fear and greed, especially when they are dealing with an asset that represents a large portion of their net worth.

Good people can behave poorly.

Re: The Rise of Renting in the U.S

#4
post #2

Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.

idk, I'd give most the benefit of the doubt that they are "good people", but may not necessarily show that side to you the tenant for a variety of reasons, such as fear and greed, especially when they are dealing with an asset that represents a large portion of their net worth. Good people can behave poorly.

You also have landlords that hold a large number of units (often times a corporate entity, with management outsourced), then you have individuals who are renting out their old house after they moved (either because they can't sell for what they owe, or other reasons). And often times the people renting behave pretty bad (not intentionally, but there is often more than the "normal" wear and tear).

Re: The Rise of Renting in the U.S

#6
I don't think I'd have any interest in every buying a house if it weren't for the insane tax deductions for mortgage interest. Why be stuck in one house when your living situation changes over time (new kids, kids get bigger, kids move away, job changes).

Re: The Rise of Renting in the U.S

#7
post #2

Think of renting as "housing as a service". Ha. Except for one problem, landlords. Most are not good people. Would rather be my own landlord.

I don't own, but if I did I'd love a "landlord as a service" where I could just call or email someone about a problem and have them fix it.

Re: The Rise of Renting in the U.S

#8
post #6

I don't think I'd have any interest in every buying a house if it weren't for the insane tax deductions for mortgage interest. Why be stuck in one house when your living situation changes over time (new kids, kids get bigger, kids move away, job changes).

The tax deduction is baked into the price.

Re: The Rise of Renting in the U.S

#10
post #6

I don't think I'd have any interest in every buying a house if it weren't for the insane tax deductions for mortgage interest. Why be stuck in one house when your living situation changes over time (new kids, kids get bigger, kids move away, job changes).

We don't have mortgage deductions here in Canada, but the home ownership percentage is nearly the same as in the US.

There's many fine reasons, including customizing and fixing a place to your liking, which you can't do with rentals. Personally, what I'd really love to do is build my own house.

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