this post was submitted on 20 Dec 2024
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No, I'm not suggesting that at all. Don't know why you are suggesting I am?
The benefits of renting is that we are too poor, we do not have emergency funds to buy a new stove or what have you, but we are able to afford monthly rent. Repairs and stuff, that falls on the landlords. They charge an amount that will cover the cost of any repairs or appliance or plumbing replacements in the future, along with (if they don't own the house outright) their mortgage payments on the house.
Right, you're using them as insurance. You give them money, they pool cash you literally can't get because the system is out to crush you, and on the off chance something goes wrong they take a small hit to their profiting from your suffering.
This is especially a funny take from a Canadian considering the reason your rent is high is rich people who can easily get more capital are buying up real estate with the sole purpose of raising prices without providing any additional service. I mean I wouldn't want to try to live in Vancouver on a California salary and that's sad.