I don’t agree. It’s not always optimal to own the place you live. There have been periods in my life where I was happy to pay a fair price to live in an apartment without having responsibility for repairing stuff or upgrading the kitchen. But most importantly, I didn’t want to be tied down, and having a place I could leave, no strings attached, on three months notice, was perfect.
No matter how you twist it, the capital investment needed to build/buy a home will be orders of magnitude larger than what is needed for monthly maintenance. Also, the fact that a lot of value is tied to the building is not something everyone wants.
Of course, there are landlords who are essentially scalpers. But saying that any landlord is per definition a “leech” is just going way too far.
OP here was able to provide a home for someone on short notice, and with zero investment costs on their part. For someone who doesn’t know how long they will be living in the area, and with an uncertain immediate future, having the option of “zero investment cost + zero responsibility” can be valuable. As such, OP is providing a valuable service.
I don’t agree. It’s not always optimal to own the place you live. There have been periods in my life where I was happy to pay a fair price to live in an apartment without having responsibility for repairing stuff or upgrading the kitchen. But most importantly, I didn’t want to be tied down, and having a place I could leave, no strings attached, on three months notice, was perfect.
No matter how you twist it, the capital investment needed to build/buy a home will be orders of magnitude larger than what is needed for monthly maintenance. Also, the fact that a lot of value is tied to the building is not something everyone wants.
Of course, there are landlords who are essentially scalpers. But saying that any landlord is per definition a “leech” is just going way too far.
OP here was able to provide a home for someone on short notice, and with zero investment costs on their part. For someone who doesn’t know how long they will be living in the area, and with an uncertain immediate future, having the option of “zero investment cost + zero responsibility” can be valuable. As such, OP is providing a valuable service.