Yes that’s correct, if landlords couldn’t run a business then the overall pricing of housing would be low enough that a renter could afford it due to supply and demand of the greater housing market
Yes that’s correct, if landlords couldn’t run a business then the overall pricing of housing would be low enough that a renter could afford it due to supply and demand of the greater housing market
darreninthenet@lemmy.sdf.org 1 week ago
You’re assuming said people would be able to obtain a mortgage at those house prices?
ghen@sh.itjust.works 1 week ago
Yes, at the lower prices now that supply isn’t constrained by landlords
darreninthenet@lemmy.sdf.org 1 week ago
Where do these people get their deposits from for the mortgage on the cheaper houses? Where do they live whilst saving up for these cheaper deposits?
ghen@sh.itjust.works 1 week ago
We’re speaking in hypotheticals already, and you want to get into even more details? The world would be different in this odd scenario so trying to figure out the details ahead of time seems like you just want to make it fail before we even start.
So I guess my answer would be, the same place as before this problem occurred of having too many landlords. Go back to the 50s and see what they did then. In the 50s a down payment wasn’t even a problem because housing pricing was affordable to everyone.
We still have plenty of houses in the country. Enough to house every homeless person 4x over, so it’s not a real problem except the owners of those houses that want more and more profit out of thin air make it a problem