The problem is greed not owning a house you don’t live in.
I can go to my country’s capital, point to a window and guess, with a fair degree of confidence, that, if rented, the property has an exploitative rent value. And next I can guess if the property is privately owned or is property of a company.
My grandparents, like many people of their generation, owned their house and another flat in the same building, which they rented for decades to the same family. The rent was updated, yearly, and in accordance to legal impositions. It allowed for my parents to slightly supplement their meager retirement and the other couple to live in decent conditions until they both passed away.
In the exact same building, another person bought an empty flat, renovated it and put it up for rent by nearly six times the value my grandparents charged, needlessly. Needlessly to say, the house had a very high turn rate, with the average tennant being there less than one year. And often leaving the property less than well maintained.
The problem is taxation. Who owns has to be adequately taxed by their income and property. That money needs to be syphoned back into social services, like healthcare, public transportation, education and, yes, even public housing. It must not be allowed to pile and be used to amass assets to further enrich those who already have more than enough.
There will always be people who are uninterested in owning. Like students away from home, people and professionals that move constantly or tjose who can’t be bothered by having to deal with property taxes and other expenses related to owning and maintaning a house. And those houses have to be maintained by someone. The state is not and should not be expected to maintain all that property because that property is a source of income for the state itself. What the state should and must do is curb the unchecked amassing of wealth.
That’s a fine sentiment about people not wanting to own, but for some reason I know that students would prefer to own a place to live in, if they could afford one. Same with the rest of groups, if it didn’t cost that much people would buy, maintain, and sell for about the same price when moving
You have to introduce me to a student wanting to buy. It’s not an age where the large majority is thinking to settle down. I won’t go into the having the means for it.
Buying a house implies putting down roots. The groups I’ve mentioned are the closest there are today to nomads. Makes no sense for a person that knows they will be spending from a few months to perhaps a year or two in a place to buy.
It truly does. I was of college age once and the main objective, after getting in college, was to go to a college far enough to be free of the family shadow. Whatever came after, was to be thought about later on.
I lived in the capital then and a good portion of the students going to college there came from the rest of the country. The locals, unless they were aiming for a specific degree in a specific college, would go away if possible. The start of the college year had an unofficial nickname: The Great Migration. Small towns and villages inland would be devoided of young people and the smaller urban areas with campus got flooded with new faces.
But college was a chance to go or get away. Not a plan for life.
The problem is greed not owning a house you don’t live in.
I can go to my country’s capital, point to a window and guess, with a fair degree of confidence, that, if rented, the property has an exploitative rent value. And next I can guess if the property is privately owned or is property of a company.
My grandparents, like many people of their generation, owned their house and another flat in the same building, which they rented for decades to the same family. The rent was updated, yearly, and in accordance to legal impositions. It allowed for my parents to slightly supplement their meager retirement and the other couple to live in decent conditions until they both passed away.
In the exact same building, another person bought an empty flat, renovated it and put it up for rent by nearly six times the value my grandparents charged, needlessly. Needlessly to say, the house had a very high turn rate, with the average tennant being there less than one year. And often leaving the property less than well maintained.
The problem is taxation. Who owns has to be adequately taxed by their income and property. That money needs to be syphoned back into social services, like healthcare, public transportation, education and, yes, even public housing. It must not be allowed to pile and be used to amass assets to further enrich those who already have more than enough.
There will always be people who are uninterested in owning. Like students away from home, people and professionals that move constantly or tjose who can’t be bothered by having to deal with property taxes and other expenses related to owning and maintaning a house. And those houses have to be maintained by someone. The state is not and should not be expected to maintain all that property because that property is a source of income for the state itself. What the state should and must do is curb the unchecked amassing of wealth.
That’s a fine sentiment about people not wanting to own, but for some reason I know that students would prefer to own a place to live in, if they could afford one. Same with the rest of groups, if it didn’t cost that much people would buy, maintain, and sell for about the same price when moving
You have to introduce me to a student wanting to buy. It’s not an age where the large majority is thinking to settle down. I won’t go into the having the means for it.
Buying a house implies putting down roots. The groups I’ve mentioned are the closest there are today to nomads. Makes no sense for a person that knows they will be spending from a few months to perhaps a year or two in a place to buy.
I guess it does come as a surprise that some people go to study in a place they want to live in?
It truly does. I was of college age once and the main objective, after getting in college, was to go to a college far enough to be free of the family shadow. Whatever came after, was to be thought about later on.
I lived in the capital then and a good portion of the students going to college there came from the rest of the country. The locals, unless they were aiming for a specific degree in a specific college, would go away if possible. The start of the college year had an unofficial nickname: The Great Migration. Small towns and villages inland would be devoided of young people and the smaller urban areas with campus got flooded with new faces.
But college was a chance to go or get away. Not a plan for life.