The fact that you cant buy a house shows that your landlord is providing value to you, because they make living there affordable where it would otherwise be unaffordable.

My statement still stands: IF they werent providing any value to you (eg. making living there more affordable) then you could just buy a house. (But they do provide value which is why you can afford to rent but not afford to buy a house).

[–] doleo@lemmy.one 5 points 1 year ago (1 children)

Paying a higher amount in rent than a mortgage would be is not making living affordable. They're exploiting the fact that many people can't access credit or afford to make a required down payment/stamp duty/legal fees, etc. up front.

[–] Flumsy@feddit.de -1 points 1 year ago

Alright but wouldnt you then say banks, for example, are also exploiting you (because you have to pay an interest when takking out a loan)? Isnt that also exploiting the fact that many people dont have the money upfront"?