So when I went away to university for 3 years, of which I spent 2 months each summer back with my parents, I should have bought a house while I was there, and then sold it once I was done with my studies?
Or is renting sometimes a useful and convenient system?
Were you in a two bedroom one bathroom apartment shared between 4 people with each paying $700+utilities with no laundry? Cause that’s how it works on the campus that I went to. Exploitative rent is evil.
The current landowners have the entire supply. They tear down all the affordable housing on campus. A few developers then control all rentals on campus which enables them to inflate the demand artificially. That’s not a free market. That’s a cartel of corruption.
So when I went away to university for 3 years, of which I spent 2 months each summer back with my parents, I should have bought a house while I was there, and then sold it once I was done with my studies?
Or is renting sometimes a useful and convenient system?
Were you in a two bedroom one bathroom apartment shared between 4 people with each paying $700+utilities with no laundry? Cause that’s how it works on the campus that I went to. Exploitative rent is evil.
So this sounds more like a supply and demand problem. The concept of renting itself isn’t the issue.
The current landowners have the entire supply. They tear down all the affordable housing on campus. A few developers then control all rentals on campus which enables them to inflate the demand artificially. That’s not a free market. That’s a cartel of corruption.
I think you meant to say they decreased the supply.
Thanks John Locke
Why stop there? If we can imagine a better capitalism than the one we have today, then we can imagine something better than capitalism entirely.
I can imagine lots of things.
And yet articulate none. No solutions, just pearl clutching