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You paid to "use" something. He paid to "purchase" something.
And of course your neighbor gets the maintenance, property tax and upkeep costs that you don't have.
Something isn't right here. You are expecting the exact same scenario as your neighbor, yet you haven't made the same investment, risk or commitment as your neighbor.
So how is it that using something is more expensive than purchasing the same thing? Who in their right mind would pay more to use something than to purchase it?
Something isn't right here. If I'm paying more, I do not expect to get less.
If by "denied" you mean haven't been able to afford to purchase a home, you are correct. Oh well, that's life. Lots of things folks are "denied" because of a lack of funds.
My solution to that is tiny homes. In an unfree world, the homeowner cartel socializes property rights for their collective benefit, contrary to principles of economic liberty.
I've seen it happen where the Grandfather immigrates or sometimes Grandma and Grandpa... work like crazy as a small shop owner, restaurant owner or open a business in one of the trades... the second generation is very much a part of it... they grew up with it... the third not so much... better schools, better neighborhood, cars... toys/vacation... when Grandpa dies the chances of the business continuing dim...
Matters not if they came from Korea, Mexico, Western or Eastern Europe....
I know examples in Tool and Die, Restaurants, Construction... the third generation simply not prepared to keep going and would rather liquidate and coast... sell acquired Real Estate which became quite valuable and all liquidated because no one wanted to work.
One of my friends who spoke with a heavy accent... was concerned his Grand kids attended private school with 40k tuition... grade school... said they are not learning to work but make friends that get a 60k BMW for 16th birthdays... the mom of the Grand-kids said her children were not going to be working summers in the family business fueling the equipment and moving material in the yard...
Looking at the BH&J index all of my Real Estate purchases except one were deep on the Buy side...
Yeah, I'm sure it doesn't matter which culture or business you're talking about. Wanting to sell the business isn't automatically bad, if the business is sold and invested in stocks or whatever, then the grandkids can coast. But the problem with that is it's only enough money to coast at the level of an ordinary middle class lifestyle. So the double whammy that ruins it all is the lack of work ethic AND the high consumption lifestyle.
My solution to that is tiny homes. In an unfree world, the homeowner cartel socializes property rights for their collective benefit, contrary to principles of economic liberty.
So, buy a studio condo. Why does it have to be a free-standing home? You are looking for something that doesn't really exist. What are you doing to change the zoning laws and whatever else that exists in the way of making this a reality? My guess is nothing, except complaining about it here.
Renters have as much right to buy something as anyone else, I really am not getting your insistence that people are being "denied" the opportunity to buy a home. Actually, before the housing crash, pretty much anyone with a pulse could get a mortgage with no money down, but look what happened when things were that lax!
Anyway, most people work and save for years to make that a reality. If that means two, three jobs, gaining more skills and moving up, going without (vacations, restaurants, meat, internet, starbucks, etc, etc, etc), moving to a less expensive area, whatever, most people work hard and make those sacrifices because it's important to them. No one is being handed anything. You're not willing to do any of that so, I guess you're stuck where you are.
So how is it that using something is more expensive than purchasing the same thing? Who in their right mind would pay more to use something than to purchase it?
Something isn't right here. If I'm paying more, I do not expect to get less.
Who would pay more to use something? The person who can not afford to buy it and needs someone else to tie up their money which needs to work for them while they work for their money so you can use that item.
I will gladly buy the cow , but you will pay me for doing it so you can have milk.
So how is it that using something is more expensive than purchasing the same thing? Who in their right mind would pay more to use something than to purchase it?
Something isn't right here. If I'm paying more, I do not expect to get less.
you seem to think that if mortgage = rent, then the homeowner has the better deal...
but the renter has none of the liability of the homeowner, the renter does not carry the home insurance, pay the property tax, pay the upkeep of the property, and does not keep owe the bank regardless of their job situation
the homeowner can not walk away from the mortgage payment the same way the renter can walk away from rent and move to a different place for a job or a bad neighbor(hood)
if the homeowner is "building" equity, then the renter can also "build" equity in the form of their choice as well, but they choose to not do it with real estate
That is the beautiful irony of freemkt's "tiny home" jihad, if such a thing became a reality he still wouldn't have the funds or credit to buy one so it would amount to nothing more than one more thing to envy and feel victimized over.
My solution to that is tiny homes. In an unfree world, the homeowner cartel socializes property rights for their collective benefit, contrary to principles of economic liberty.
The problem with tiny homes is where are you going to put them. They require land just as a mobile home does. Do they not also need sewage and water hook-ups?
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