And you are also at the mercy of the landlord. We are finding rent prices continuing in increasing exponentially while wages are not keeping up. So not only are people unable to buy a home to live/use as a financial asset (which is important for long term security), they they are also struggling to even make rent payments. Sure people can rent for life and have other assets, but it’s not likely to be viable for much longer if we don’t set boundaries on rent costs. You also have to potentially deal with slum lords. Don’t even get me started on those.
amlight t1_j2ui9fr wrote
Reply to comment by Velkyn01 in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077
And you are also at the mercy of the landlord. We are finding rent prices continuing in increasing exponentially while wages are not keeping up. So not only are people unable to buy a home to live/use as a financial asset (which is important for long term security), they they are also struggling to even make rent payments. Sure people can rent for life and have other assets, but it’s not likely to be viable for much longer if we don’t set boundaries on rent costs. You also have to potentially deal with slum lords. Don’t even get me started on those.