If you only work at a temporary place for example. You don’t want to bother caring for a house. You want to be able to move whenever you like. You can’t afford a loan or you can’t get one. You cannot guaranty that you will work in the near future.
A mortgage is something that will lock you down to a place. Buying a plac is also something that lock you down. You wanna move to another town for a new job ? Sell the house, buy a new one. That sucks. It’s faster to just rent for a while then maybe buy something after.
I know it has been a bit. Renting makes sense in the case you mentioned. Needing to buy and sell property is a hassle. Landlords are a necessity for short term housing under the current economic model.
A future economic model could be use based. Housing is yours while you use it. The housing is available for someone else when you move on.
If you only work at a temporary place for example. You don’t want to bother caring for a house. You want to be able to move whenever you like. You can’t afford a loan or you can’t get one. You cannot guaranty that you will work in the near future.
A mortgage is something that will lock you down to a place. Buying a plac is also something that lock you down. You wanna move to another town for a new job ? Sell the house, buy a new one. That sucks. It’s faster to just rent for a while then maybe buy something after.
I know it has been a bit. Renting makes sense in the case you mentioned. Needing to buy and sell property is a hassle. Landlords are a necessity for short term housing under the current economic model.
A future economic model could be use based. Housing is yours while you use it. The housing is available for someone else when you move on.