People who don’t want to buy a home at that location would still need a place to live. Someone needs to rent it to them.
I don’t understand what you mean by this. No one needs to rent anything to anyone, if resources are distributed fairly.
On the topic of transferring equity, how much is reasonable equity? Why not rent at cost instead of charging more and giving it back in a different form?
If a renter pays the same amount of money as the landlord pays towards their mortgage, and the renter has paid rent for as long as the landlord has paid the mortgage, the renter should have as much equity in the property as the landlord does.
howrar@lemmy.ca 5 weeks ago
But resources aren’t being distributed fairly.
That’s a rather arbitrary rule. You would still need a bunch of stipulations on top of that to make sure it’s fair to the renter.
Assuming you do have all the right rules in place, what makes this setup more desirable than simply renting at cost?
Just so we’re on the same page, we’re still talking about OP’s question, right? My definition of parasitic requires being a net negative to the “host”. The threshold between parasitic and non-parasitic is at net neutral for both parties, and we’re discussing where that line is.
zalgotext@sh.itjust.works 5 weeks ago
Right, because the system is broken.
It’s basically co-ownership, which is already an established way to buy and own a property.
At the end of your lease, if you choose not to renew, you still have equity in a property which is worth something, rather than ending up with nothing in the current system.
The relationship between a landlord (parasite) and a renter (host) is absolutely a net negative, because at the termination of the relationship, the landlord ends up with more than they started with (equity in a property + profit from rent) and the renter ends up with less than they started with (lost money in rent payments).
howrar@lemmy.ca 5 weeks ago
Exactly. So what’s not to understand? A broken system means problems exist, and you can do things to compensate for those problems. Things that provide value to others. Now, we can go into what it means to “need” something and whether we ever actually “need” anything, but that’s a whole other discussion and not the one we’re here to have. In this context, “someone needs to do X” means that doing X provides value to someone else.
Co-ownership refers to the ownership structure, doesn’t it? I’m talking about the threshold you proposed for the landlord-tenant relationship to not be parasitic.
And I’m saying it doesn’t have to be that way. Do we at least agree that if the landlords sets the rent at $1/month, then the transaction will be to the benefit of the tenant? And if you set it to market rates, then it benefits the landlord. There exists some middle ground between $1/month and market rates where it’s a net neutral.
zalgotext@sh.itjust.works 5 weeks ago
No. A tenant never gains anything once the terms of the lease expire. The property owner is the only one that gains, as long as the price of rent is a positive number.