I know I’m supposed to want it to keep going up as a wealth generator or whatever.
But like… I wouldn’t be able to afford the monthly payments if I bought my house right now and it’s scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.
So what are your feelings home owners of lemmy?
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This is the right answer.
Look at Europe. For many the closest you get to buying a house is a 99 year lease, and for the majority renting is normal. The main difference is that renters have many more rights so there’s less reason to want to own for yourself.
Rent is also less expensive in much of Europe. You can get a 3 bedroom apartment in Germany for what a studio or single bedroom would cost here.
Out of curiosity who are you leasing from in that situation?
Landholders, many from families who have owned the land for centuries.
Just try to buy a house in any of Europe’s historical capitals. They went through what we are now centuries ago.