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Joined 11 months ago
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Cake day: August 5th, 2023

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  • The more you explain your idea, the worse an idea it becomes. The rent progressively lowering means there will be a point where the mortgage is higher than the rent payments. The only way that system makes any sort of sense is if the government owns the house and rents it to you with payments based on a yearly appraised value. That would be a pretty sweet deal that would have high demand, which would require a lottery or que that would go about as well as section 8 vouchers(horrible).

    You want a roundabout system where there is no incentive to rent out property, just ban renting property.


  • Paying such a small percentage would mean it takes a lifetime to be able to afford the house. If we take the median home value($360,681), $100 a month would take 300 years to own the house. That doesn’t even account for inflation and an increase in home value. You would just be pissing away money that could be better used otherwise. If you increased the payments, you would be better off saving or investing to buy a home than trying to buy the one you were renting.

    How about we just ban companies from owning rental properties or homes longer than one year and nobody can rent out more than one home.