You buy a pressure washer, and rent it out, thats a good business. Theres no shortage of pressure washers. I can live without one. I can biy my own relatively easy. Choosing to rent or own is a question of how often I expect to want to pressure wash something.
You can only rent a home that you buy. Which means you had to take it off the market. You can also only rent a home (or room) that you aren’t living in. Which means you need somewhere else to live. You’re taking more than you need, to charge someone else who also needs it, to cover your cost of owning it, maintaining it, and presumably profiting from the difference.
When this is done at scale, you have owners skewing the market to make it harder and harder to buy.
They make more money, buy more properties and make it worse. While renters, and young adults get trapped i to renting because they have no options.
People need homes.
You buy a pressure washer, and rent it out, thats a good business. Theres no shortage of pressure washers. I can live without one. I can biy my own relatively easy. Choosing to rent or own is a question of how often I expect to want to pressure wash something.
You can only rent a home that you buy. Which means you had to take it off the market. You can also only rent a home (or room) that you aren’t living in. Which means you need somewhere else to live. You’re taking more than you need, to charge someone else who also needs it, to cover your cost of owning it, maintaining it, and presumably profiting from the difference.
When this is done at scale, you have owners skewing the market to make it harder and harder to buy.
They make more money, buy more properties and make it worse. While renters, and young adults get trapped i to renting because they have no options.
That is what makes it so much different.