Wir müssen aufhören, über das Wohneigentum zu sprechen, als ob es der einzige Weg ist, um Wohnraum zu sichern
https://www.thestar.com/opinion/contributors/we-need-to-stop-talking-about-home-ownership-as-though-its-the-only-path-to/article_24cb80b0-3364-40f5-ba54-7a03213c2efc.html
2 Kommentare
It’s not the only way to get housing, everyone knows that.
The reason why home ownership is promoted is because it’s a means for social mobility.
Homeownership forces even the worst of the worst savers to save something. People who have no clue about finances end up with an asset that is worth something substantial after 30 years.
Ownership of this one asset has the potential to bring prosperity and stability to multiple generations.
For example: Professional programs are hard to get into in Canada. Want to send your kid to a foreign medical, dental, optometry, or law school? The family with the home is going to get the substantial line of credit to make that possible. The family renting their home is going to get almost nothing from the bank.
Homeownership can determine the socioeconomic prospects of multiple generations.
Yes it’s possible to get housing via renting, or joining a co-op and building wealth by investing one’s money in the stock market.
But the reality is, 30+ years is such a long time, things happen in people’s lives, and most people will simply fail to save up a similar sum as they would by being forced to pay down their mortgage.
People who are financially literate and can save consistently over their lifetime, are an exception, they are not the norm.
Look I get it, but we cant have it all ways. High inflation, high quality housing, high labour costs, high taxes, high income disparity and then low rents.
Asset inflation with dirty money and foreign buyers has already occured. Either you apply a regressive capital gains tax that completely nukes the regular working class owners equity and further widens the wealth gap (which will only push housing prices further), or you actively cut labour costs to lower maintenance costs and make rent cheaper that way (materials only getting more expensive).
As a new homeowner, the number of things that are needed to be fixed and maintained and the cost side of things combined with no recourse should a tenant refuse to pay along with strong rent control will mean it really isnt worth it to rent at all, the only major rental sectors left will be predatory complex builders and condos that will extract value either via maintenance skyrocketing or lowered quality.
The only solution in my eyes is for government to provide value to their taxpayers via fair large scale rental or rent to own constructions. Relying on private enterprise and then regulating them like crazy will likely have the opposite effect thab anticipated.