I think owning a rental property is immoral. If you don’t live somewhere, you shouldn’t be allowed to own and jack up prices. It’s literally the definition of “rent seeking”. Real estate prices are a result of the community, if you aren’t contributing to that community, it’s not yours to benefit from.

That and when many can’t even afford their first home.

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So where are people who can’t or don’t want to own a home live? They have to live in rentals and those rentals have to be owned by someone…

likesmart

Also, appreciation is absolutely not dead money. I'm getting ready to use $300,000 in equity I've gained to improve my home. That is going to provide work to a dozen people for 3-5 months.

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If they can’t afford rent, you think they can afford a mortgage payment and expenses like broken appliances? HAHA

likehelpfulsmart

Homeownership is more expensive than renting. I've been a realtor/investor for 16 years and that's a fact. If you're simply referring to a mortgage payment alone and not taxes, insurance, maintenance, repairs, interest, utilities, pest control, ect... Then maybe your monthly rent is cheaper.

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As a property owner/manager I provide a needed service. We keep our prices low and in line with section 8 regulations. So not only are we contributing to the community, we are enabling affordable housing for people in need.

Ideally who would own the rental properties ?

OP, you're playing with piranhas. No one on this white collar upper class thread is going to have a meaningful discussion about a theory that will pry assets from their moneyed grip.

Would you rather homelessness?! Most likely renters can’t currently qualify or don’t want a mortgage.

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