Comment by cush
2 days ago
You can rent a home after you’ve personally owned it and lived in it for 10 years? That would cap any individual to 3-4 rentals in a lifetime
2 days ago
You can rent a home after you’ve personally owned it and lived in it for 10 years? That would cap any individual to 3-4 rentals in a lifetime
We need more rental units, and it isn't clear how that policy would help the situation.
These things aren't mutually exclusive. There's a supply problem and it depends. You'd be right if there was only a demand for rentals, but people also want to buy homes to live in, and currently those people are completely priced out of the market by landlords because they've bought all the homes as investments. A landlord can buy a 10 bedroom sfh and split it up into student housing near a university (good), or they can buy a 2 bd bungalow and price a new family out of the market (bad). It just depends. It depends entirely on the market.
We need more houses for sales and this would incentive people to create it.