I like the idea, but maybe you don’t remember things like '08. not saying that exact same thing will happen again, but, the point being that you can’t always just sell a house, someone needs to be there to buy it on the other side.
Also, buying means assuming a large upfront cost or a large loan even if houses are cheaper, most people can’t afford to tie up 5 or 6 digit dollar amounts in the hopes they can free it up in time for the move in a year.
The second point you describe is a basically a condo, and they have tons of benefits but also tons of problems. When you live in a condo you have shared maintenance which is great, but you also can get assessments on the building which can drop 5 figure bills on your doorstep.
I like the idea, but maybe you don’t remember things like '08. not saying that exact same thing will happen again, but, the point being that you can’t always just sell a house, someone needs to be there to buy it on the other side.
Also, buying means assuming a large upfront cost or a large loan even if houses are cheaper, most people can’t afford to tie up 5 or 6 digit dollar amounts in the hopes they can free it up in time for the move in a year.
The second point you describe is a basically a condo, and they have tons of benefits but also tons of problems. When you live in a condo you have shared maintenance which is great, but you also can get assessments on the building which can drop 5 figure bills on your doorstep.
Yeah I’m just a rando spitballing, besides which we could think even further outside our traditional capitalism box to come up with more solutions.
Society is just a made up thing we all agree collectively to follow after all.