> But in a way if the rental prices were to stay reasonable
There's zero evidence to believe that this will be the case. I will never trust large multi-family property management companies driven by software to consider keeping rental rates reasonable. That's antithetical to our capitalist system, profit is the one and only goal.
> Maybe property is like golden handcuffs, nice but locks you down...
In terms of utilizing the space, sure. However, buying property has been the primary method of wealth accumulation for most of the country going back the last several decades. Property ownership is also one of the best ways to protect yourself against inflation, which we're all getting serious exposure to. And with the speed at which houses are moving in this market (listings stay up 2-3 days in my area for the most part), property owners aren't very locked down either.
"There's zero evidence to believe that this will be the case"
Well I guess it depends on the regulatory framework, imo it's the constructor lobbies pushing such a narrative... in more developed societies where cheap labour isn't so available rental has become the norm...of course one could also argue that high real estate prices mean the rich and unscrupulous can hide and flip huge amounts of ill earnt gains... but it doesn't have to be so...
Are there housing cooperatives in the US?https://en.m.wikipedia.org/wiki/Housing_cooperative
There's zero evidence to believe that this will be the case. I will never trust large multi-family property management companies driven by software to consider keeping rental rates reasonable. That's antithetical to our capitalist system, profit is the one and only goal.
> Maybe property is like golden handcuffs, nice but locks you down...
In terms of utilizing the space, sure. However, buying property has been the primary method of wealth accumulation for most of the country going back the last several decades. Property ownership is also one of the best ways to protect yourself against inflation, which we're all getting serious exposure to. And with the speed at which houses are moving in this market (listings stay up 2-3 days in my area for the most part), property owners aren't very locked down either.