- I can move out when my life circumstances change.
- I can move out when the district changes.
- I don’t need to take a credit just for living somewhere.
- I don’t need to worry about people renting my apartments.
- I don’t need to worry about maintenance.
If you have the money to buy fine, but for most people renting is way better.
I personally agree with you, but thats my specific lifestyle, and I put my money into other investments. But generally, owning a house is a good place to park your assets if you live a "typical" life.
One of the biggest reasons I want more landOWNER residents? So that my neighbours actually care what's happening in the neighborhood+condo, and do something about.
I'm renting from a Chinese investor. He doesn't speak English and doesn't have a clue what's going on around here, and doesn't care to get involved with helping things run better.
I can communicate my issues with the real estate agent who handles the unit for him, but he's just going to shoot off a short email and move on with his day.
Over 50% of this building is this way. The board of directors has a huge accountability issue because of this, and residents and owners are suffering for it.
If you rent, you care what happens locally, but you have no say.