Harris to endorse protections for renters and removal of key tax benefits for Wall St. investors buying homes(www.nbcnews.com)

posted 1 month ago

return2ozma@lemmy.world

politics@lemmy.world

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Waveform@lemmy.world

3 points

1 month ago

I understand what you’re saying and I did feel weird typing that since I know there must be a better alternative.

Something has to give, though. In late June I had to leave a place I rented for 19 years and I’m still stunned. Idk how much of the house’s value we paid in rent, but it was a lot. And it wasn’t even a large home, just a small cabin few people would wish to live in. But there was nothing stopping the landlord from kicking us to the curb.

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aesthelete@lemmy.world

6 points

1 month ago

Idk how much of the house’s value we paid in rent, but it was a lot.

Definitely 80-100% of it.

Almost 20 years of renting, if all of that including the (almost certain) increases had been applied to the original mortgage you’d likely own it by now.

They charge you everything they’re charged plus add on a profit margin. That profit margin if applied to principle on a standard 30 year mortgage would’ve paid it off earlier.

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Waveform@lemmy.world

2 points

1 month ago

Yeah, and it sucks, but what can I do but move on :/

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