• zovits@lemmy.world
      link
      fedilink
      arrow-up
      9
      arrow-down
      9
      ·
      1 year ago

      What’s holding you back from taking a loan and paying mortgage instead of rent? Risk aversion?

      • explodicle@local106.com
        link
        fedilink
        English
        arrow-up
        12
        arrow-down
        2
        ·
        1 year ago

        I can think of two reasons but I doubt this is exhaustive…

        Most people don’t have enough capital to make the down payment. When one person has no savings, they’re irresponsible. When most people have no savings, it’s poorly designed policy.

        In addition, the option of being able to rent out a house increases its value, which makes mortgages more expensive than they otherwise would be (with no rents).

      • Grayox@lemmy.mlOP
        link
        fedilink
        arrow-up
        10
        arrow-down
        8
        ·
        1 year ago

        🏆 Here is your award for most disingenuous comment! Congratulations for your total lack of ability to understand that others have different Material Conditions than yourself!

        • zovits@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          1 year ago

          Then the problem is not that the practice of renting exists, but wealth inequality. Which we fully agree on, especially since several mechanisms are at work that further the gap between the rich and the poor. These all should be addressed.