Comment by jspaetzel

4 days ago

Higher rent means more people will opt to buy. That's not necessarily a bad thing in perspective. Assuming the other side effect is a decrease in costs due to a lower profit margin.

6 comments

jspaetzel

Reply
RegEx  3 days ago

I believe your comment is operating under the assumption that people are merely choosing to rent over buying because it's the more economically wise choice. That's not how things work in reality. Many people want to buy but cannot put up the initial costs.

  • bs7280  3 days ago

    I fit the description of someone who has the cash to make a down payment, but if I were to buy the property I currently rent, I would be paying $1000 more a month.

  • lawlessone  3 days ago

    > Many people want to buy but cannot put up the initial costs.

    This, monthly rent actually costs more here in Ireland than what you would pay monthly for mortgage.

Aurornis  3 days ago

More people opting to buy means house prices go up.

There's no free lunch. The more friction, taxation, and tariffs you add to the housing market, the higher prices go for both renters and home purchasers.