“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.
Because they provided you with shelter?
Did they provide me shelter or did they sink their temporarily excess capital into the local single-family home market driving up prices?
I’m paying a fair bit to live here so it seems I’m providing my own shelter.
Both
No, you pay off their mortgage in exchange for not being homeless. All renting should be rent to buy. No renting without equity in exchange.
“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.
The landlords built those homes with the sweat of their brow?
Once the home is paid off they’ll reduce the rent to only cover the outgoings on the property?
The speculation on property as an asset class has no effect on pricing people out of the market for ownership?
HA HA HA! That’s funny!
I bought a house last year after renting for 20 years since I moved out of my parents’ house.
My kids will probably still pay for my house.
You can blame the investment landlords for that
They did not build the house, merely bought it
Someone was going to live in that home, whether they were the owner or not.