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by itake 1220 days ago
Maybe we should just end the home rental market. You either rent an apartment or buy a house.
4 comments

What if there are no apartments in your area? Or you have a large family but can’t get a mortgage at the moment?

There are plenty of legitimate reasons to rent a home.

cities should build them and setup public transit at them.
Ideally yes, but it’s a massive undertaking.
That would be disastrous for families with multiple kids. They may not be able to afford to buy, but able to rent. Forcing them all into an apartment can be chaotic.
At least in Seattle, renting an apartment is cheaper than owning a home.
If it were ended, then what would happen to homeowners who need to move now, but can't sell their home due to market conditions?
They still face that decision in the current system. Even if you tried to keep the property, you are still losing time and money.

Some people are also just unlucky on market timing.

That seems terrible for consumers
Why?