The down payments and requirements for a mortgage are much higher than rentals. It’s a commonly reposted meme that you can’t qualify for a mortgage while you can afford to pay much more in rent.
But yeah rent isn’t the problem. Housing as an investment is the problem. Thousands of homes sit unoccupied because owners aren’t taxed enough to make selling or renting the property worthwhile.
Rent is still a problem because it’s exacerbating the inequality that’s leading to the housing crisis in the first place, but it’s a problem that’s downstream of the housing bubble.
The down payments and requirements for a mortgage are much higher than rentals. It’s a commonly reposted meme that you can’t qualify for a mortgage while you can afford to pay much more in rent.
But yeah rent isn’t the problem. Housing as an investment is the problem. Thousands of homes sit unoccupied because owners aren’t taxed enough to make selling or renting the property worthwhile.
Rent is still a problem because it’s exacerbating the inequality that’s leading to the housing crisis in the first place, but it’s a problem that’s downstream of the housing bubble.