• Mawks@lemmy.world
    link
    fedilink
    arrow-up
    22
    arrow-down
    28
    ·
    1 year ago

    I rent my property because it’s the only way I could’ve bought it at my age and I use that money to pay for the mortgage of it while I live somewhere I don’t want to (under parent’s wing in a crappy city) but angry people rarely if ever consider all scenarios

    • Croquette@sh.itjust.works
      link
      fedilink
      arrow-up
      46
      arrow-down
      20
      ·
      1 year ago

      Someone else is litteraly paying your mortgage for you because you cannot afford it otherwise. How out of touch do you have to be to say that with a straight face?

      • Mawks@lemmy.world
        link
        fedilink
        arrow-up
        14
        arrow-down
        26
        ·
        1 year ago

        Thanks for the insult and making my point, I can afford it but in my country you have to make a downpayment of 20% of the value and that ate into my savings, I want to recover some of my savings before moving to another city and eating into those savings more, plus I have to wait a year for my wife’s job, is it wrong to rent it for that year before I move?

        • Croquette@sh.itjust.works
          link
          fedilink
          arrow-up
          23
          arrow-down
          8
          ·
          1 year ago

          How am I making your point? You litteraly said that you could not afford the place, so you rented it out instead.

          Someone is paying your mortgage for you because you cannot afford it, and then you will kick that person out when you want to. That person will then have to move again in a market that gets worse by the month.

          I’d say that is pretty bad all around.

          • Mawks@lemmy.world
            link
            fedilink
            arrow-up
            9
            arrow-down
            19
            ·
            1 year ago

            How can I not afford the place? This is just to make my life easier I would not artificially make it harder on me if I can rent it to some europeans that will stay on a sabatical in my country.

            What is my other choice? Leave the place abandoned for a year until I move? Prices get worse every year and I found a great opportunity to buy now instead of wait until I could buy it without a bank loan. Prices doubled because I waited so this time I don’t want to wait. My mortgage is 25% of my salary that’s not bad is it?

            • Croquette@sh.itjust.works
              link
              fedilink
              arrow-up
              22
              arrow-down
              4
              ·
              1 year ago

              You said that you rent the property you bought because that is the only way you could do it. That is litteraly your first sentence.

              Someone else is paying your mortgage right now so that you can move in later.

              I am not sure what else can be said.

              • aikixd@lemmy.ml
                link
                fedilink
                arrow-up
                7
                arrow-down
                14
                ·
                1 year ago

                No one is paying for his mortgage. Someone is paying for a rent. If you think this is bad, then rent should be outlawed.

                • TheDoctorDonna@lemmy.world
                  link
                  fedilink
                  arrow-up
                  7
                  arrow-down
                  2
                  ·
                  1 year ago

                  The rent that pays the mortgage he couldn’t afford to pay. All rent is is paying someone else’s mortgage.

                  • aikixd@lemmy.ml
                    link
                    fedilink
                    arrow-up
                    1
                    arrow-down
                    1
                    ·
                    1 year ago

                    Let’s say the mortgage is payed. Then the rent pays whatever the landlord decides to do with that money. Like literally any other transaction.

              • Mawks@lemmy.world
                link
                fedilink
                arrow-up
                6
                arrow-down
                13
                ·
                1 year ago

                Same not sure how I can explain myself better so let’s just disagree and move on

                • Rodeo@lemmy.ca
                  link
                  fedilink
                  arrow-up
                  4
                  arrow-down
                  3
                  ·
                  1 year ago

                  This really goes to show that being a landlord requires no intelligence whatsoever.

    • TheDoctorDonna@lemmy.world
      link
      fedilink
      arrow-up
      25
      arrow-down
      10
      ·
      1 year ago

      So you’re keeping home ownership away from someone who can afford to pay your mortgage is what you’re really saying.

      • aikixd@lemmy.ml
        link
        fedilink
        arrow-up
        8
        arrow-down
        13
        ·
        1 year ago

        How did you come to this conclusion? If someone is renting it means they they can’t pay for mortgage. Otherwise they would’ve done so. He said, that he needed to make a 20% payment to even get the mortgage. Idk how much money that was for him, but where I live that would be around 130k$. Clearly not everyone has that kind of cash.

        And what’s your solution? Disallow renting properties for which mortgage wasn’t posted in full?

        • TheDoctorDonna@lemmy.world
          link
          fedilink
          arrow-up
          8
          arrow-down
          4
          ·
          1 year ago

          If you buy it, live in it. Stop contributing to the housing crisis. Greed got us here, it certainly won’t get us out.

          • aikixd@lemmy.ml
            link
            fedilink
            arrow-up
            1
            arrow-down
            2
            ·
            1 year ago

            So disallowing renting. So you don’t control your property, which means you don’t own it but lease it.

            This is problematic, since not being able to open your house is worse than having difficulties with obtaining it. I agree that generally having some people own a lot of housing units is bad, but not being able to own a house means communism. And not as a scare, but quite literally, as in definition.

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

              If you buy it, live in it. That’s not communism, that’s taking control of a crisis. Feel free to rent out part of the house while you live in it, in fact some places are incentivizing exactly that. But owning multiple homes for profit is the problem, whether it’s by corporations or “mom and pop” landlords. It’s a problem we can and should fix.