this post was submitted on 02 Oct 2023
1127 points (90.6% liked)
Memes
45666 readers
885 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No, you pay off their mortgage in exchange for not being homeless. All renting should be rent to buy. No renting without equity in exchange.
"Rent to buy" already has a name. It's called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It's awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It's easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.