Is renting neccessarily inferior to home ownership? (user search)
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  Is renting neccessarily inferior to home ownership? (search mode)
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Author Topic: Is renting neccessarily inferior to home ownership?  (Read 3630 times)
Damocles
Sword of Damocles
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Posts: 2,791
United States


« on: April 11, 2024, 10:59:18 AM »

In macroeconomic terms, a healthy rental market with a wide variety of options for many people is a good thing. A housing market where you can only own a home imposes high costs on those who are just starting out, or who may have just immigrated, and who don’t already have high savings account balances. It’s irrational to exclude these people from living in your city just because you deem SFH ownership to be the be-all, end-all of housing.
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Damocles
Sword of Damocles
Sr. Member
****
Posts: 2,791
United States


« Reply #1 on: April 13, 2024, 10:52:57 AM »


To add onto this, one could credibly argue that this would be more microeconomically efficient, due to the benefits of comparative advantage. Instead of everyone taking up home maintenance as a burden that competes for and reduces time and attention and resources available for your actual job, it’s convenient to leave this to professionals who specialize in this stuff (property managers, groundskeepers, plumbers, electricians, etc.).

Instead of it being a drag, then, it actually *boosts* local employment opportunities and turns a liability into another asset. Not only are you more efficient in your job, but they can have theirs. Both then become wealthier and benefit from this exchange, but neither party had to give up anything.
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