| Comment | It isn't housing itself that I'm against, but rather that renting has been normalized as something "regular" people are expected to do.
It pushes up property prices when private landlords are able to buy up everything in valuable areas, often greatly over-paying on what the place is worth to keep as an "investment opportunity".
It blocks young people from building up any savings or assets with overpriced rentals. Buying a property means you get the majority of your monthly payments back when you sell so it isn't "lost" money, renting is just giving your money to someone else and it's gone, and often more than you'd be paying per month on a mortgage anyway.
For those who have the lump sum required for a mortgage deposit when moving home, there's no incentive to sell your old place since you can just keep paying off the mortgage with a tenant's money, then kick them out unceremoniously when you're ready to do something else with the place they call home.
Private landlords are a disease and the system is broken.
Right, rant over, I'm off to tesco before it shuts. |
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