I don’t think we are following each others thoughts very well here.
You (eventually) cannot have property without maintaining it and paying taxes on it. You can have property without financial leverage or even without buying it.
Im not saying that loan interests and even loan nominal repayments, maintenance, taxes, etc dont get forwarded to tenants, Im saying that only happens because landlords just can do that because are usually in a privileged position to tenants.
I didn’t understand your claim why only rich would profit from real estate if real estate would be cheaper (bcs of lower rents/yields). In that case everyone could buy or rent.
And I dont understand how profiting only from the less fortunate wouldn’t only lead to more inequality and more extreme conditions on the same market there already are huge issues atm (can’t buy a house without a 30y loan, wtf?).
I don’t think we are following each others thoughts very well here.
You (eventually) cannot have property without maintaining it and paying taxes on it. You can have property without financial leverage or even without buying it.
Im not saying that loan interests and even loan nominal repayments, maintenance, taxes, etc dont get forwarded to tenants, Im saying that only happens because landlords just can do that because are usually in a privileged position to tenants.
I didn’t understand your claim why only rich would profit from real estate if real estate would be cheaper (bcs of lower rents/yields). In that case everyone could buy or rent.
And I dont understand how profiting only from the less fortunate wouldn’t only lead to more inequality and more extreme conditions on the same market there already are huge issues atm (can’t buy a house without a 30y loan, wtf?).