Posted on 05/06/2019 7:39:23 AM PDT by SeekAndFind
Rent control is not the answer. Neither are rent subsidies. The free market is the only solution.
Close the border, and curtail legal immigration. Then there’s less competition for housing.
Having doubled the cost of college by living on campus (to feel independent) leaves many living at home for several years after graduation ... to pay down debt caused by living on campus.
Deporting 20 million illegals would open up some vacancies.
Stop states and cities where sanctuary is a policy from allowing local property and other tax forms from getting diverted supporting intended services and civic projects maintenance and redirected toward supporting socialist handouts at the expense of its taxpayers.
Exactly.. My property tax and association fee skyrocketed this year. Forget women and children.. its Always the seniors who are hardest hit.
I can think of the following contributing factors:
1) High Property taxes
2) Zoning Regulations and restrictions
3) Rent Control
4) Illegals concentrating on specific areas ( too many people chasing too few places to rent )
The freedom of being independent, our own home that we can paint anyway we want, we can plant anything we want, and no one can evict us on a whim. We felt the same way with buying our own income producing property 19 years ago, we can be self sufficient not rely solely on SS checks that may not be available all our retirement lives.
Now the Oregon legislature and our Governor have taken control, they have now passed a law limiting what we can charge our tenants, how we can remove our tenants and how we screen our tenants. Becasue of that, the value has decreased, how much we do not know, I do know we won't be paying taxes in Oregon much longer!
“For sure if you are paying rent you aren’t building
up any equity nor getting any tax write offs.”
Just to add...
The deduction is nice, if you’ve already signed a mortgage, but getting $0.25 back for every dollar you pay in interest isn’t any great windfall.
Second, i believe most people have never added up the cost of annual property taxes, insurance, and maintenance - and compared investing that amount annually to any potential equity buildup. Often, there is no significant difference. Usually, it is more expensive to pay all that (and for most, a mortgage) than to rent.
Finally, a home is a use asset and not an investment.
All that said, we own our home, know the annual cost to keep it, don’t expect to make money by owning our home, and I know it would be better financially and less hassle to rent.
Our decision is not based on finances only, or we’d rent.
To each their own.
Hogwash. There are more jobs available today than at any time since 1969. Nobody got "screwed out" of anything.
(2) The jobs that do exist are in high COL metropolitan areas. In those areas, boomer NIMBYs have restricted zoning and therefore supply, raising rents and home prices.
There's some truth to that. But if house costs are high, so are rents. It makes more sense to spend the money to actually buy something than to buy it for someone else.
(3) Those same boomers voted to stop subsidizing education after going to college for free on the public’s tax dollars.
I don't know what boomers you're talking about. I had to take out student loans, and I paid back every cent. And when I went for a second degree, I paid for it all out of pocket. Unlike the millennials who waste thousands on useless degrees and bong parties, then insist the government forgive their debt.
The Headline poses a false premise.
Who says rising rent prices are a problem in need of a solution?
... says happy Landlord.
Kind of the same with me. I live in an inexpensive apartment. One of my two brothers recently divorced and sold his house which he planned on dying in and made huge renovations to. After his (now) Ex took half he had enough to pay his debt off. Now hes living in a 35’ camper-trailer. MY other brother has a good job but never has anything extra to spend because of his house and family expenses and he never seems to get caught up on yard work.
Me, I live in an inexpensive apartment, I’m single and life is nice and peaceful. I’m fine right where I’m at.
Put up more civilian barracks where many are turned into ghetto crime zones? Look at LA. One mans floor is another mans ceiling? They're a scourge on America.
Move to a smaller rental in a cheaper neighborhood.
The market controls the price. When you are hot you’re hot when you’re not you’re not.
Simply put, rising rents are the first signal of an upswing in the real estate cycle. Next comes that part of a boom wherein new units are built, existing units are updated/upgraded, unused office buildings/warehouses/factories are converted residential lofts, single family homes are converted to multi family, etc., etc., etc.
Good times ahead for RE.
Go look up what tuition cost when you went to school vs what it costs now.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.