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Housing prices are pretty high in cities. But you can buy your own piece of land in a more rural setting and build a small cottage yourself, maybe a 2 bdrm, 1 bath home. I believe this is possible for less than $100k at the right location. Start with a used cheap RV or mobile home if you have to.
Trump deported all of the construction workers
Every job involves having other people pay for your living costs.
My job doesn't involve making a profit off of arguably the most important thing a human needs for survival... Just saying.
How does the second tenant pay their mortgage? One apartment's rent should not be enough to cover the mortgage of four (or five - including the one they live in). My guess is that they only payed all the mortgages for these four properties and this is about the mortgage of the apartment they live in.
The cheat code to a stress-free life is to own lots of real estate to being with.
If nobody is allowed to own more than one property, should everyone be forced buy? Where would renters get apartments from?
Look into public housing in Finland.
I am from Finland and public housing is shit.
Public housing was shit, maybe.
Or are all of the articles like this staged? And all of the data is made up?
Since its launch in 2008, the number of homeless people in Finland has decreased by roughly 30%,[1] though other reports indicate it could be up to 50%.[7] The number of long-term homeless people has fallen by more than 35%.[3] "Sleeping rough", the practice of sleeping outside, has been largely eradicated in Helsinki, where only one 50-bed night shelter remains.[3] Analysis of Housing First in Tampere, Finland found that it saved €250,000 in one year.[8] A further study of Finland's Housing First program found that giving a homeless person a home and support resulted in cost savings for the society of at least €15,000 per person per year, with potentially even higher cost savings in the long term.[7] These cost savings for society are in part a result of reductions in usage of emergency healthcare, police, and the justice system when homeless people are given a home.[9]
So they look like link 1, and they result in that... Seems great.
The appropriate criticism here is about corrupt markets resulting from restricted/scarce housing supply. Fair markets that encourage abundant housing supply, are ones that would lead to "perfect competition" and fair ROI on capital. The oligarchist/capital supremacy model of US/west corrupts markets against abundance, because extortionist profits fund politicians to protect extortionist profits.
UBI, not democracy, is the important freedom that can address structural corruption, but still the option to rent still needs to pay for the capital/expense investment in allowing you to rent.
I had to rant in a couple of comments because I drives me crazy when people defend leeching.
On a more constructive note: Housing cooperatives. I think they should be more widespread. Some people come together to build a house and then live in it for the cost it takes to actually support it. No crazy big apartments with a reasonable amount of people (roughly one bedroom per person), shared luxury such as gardens, in house shops, hell even a pool if you want. There is no leeching, just collective ownership.
What if some people do not fit into some pre-made construction of how some dictator imagines a "nice living situation"? Every person is an individual with individual needs. Presuming, that a single bedroom is big or small enough for every single person is absolutely undermining the fact of how diverse people actually are, as are their visions of their own lives.
