I just saw this post about landlords being parasitic. While I agree in some points - mainly that by owning more property than you need for yourself, you’re driving up the price for others who want to buy a property. However, I don’t want to buy property when I move. I don’t have the funds for it, and I’m happy with a rented flat. Sure I want to get my own property at some point, however I’m also sure I want to move at least two more times in my life. Buying and selling each time sounds like a lot of hassle. Also, I live in a shared flat, that just sounds like a legal nightmare if the ownership changed every time someone moved out. How does this fit together? Are there solutions to this that don’t require landlords to exist?
Again, the world is not black and white, only.
Not really. If I don’t buy any real estate, I can afford to invest into other things. I could make monthly investments into a MSCI world ETF, for example. After a couple of decades I will have 0 debts and a lot of funds. And selling funds is easy and can be handled very flexibly (selling funds for amount x is trivial). If I buy real estate, by the time I retire I will have a house, worth 400.000€ or so and 200.000€ of debt or something along those lines. That might be better on balance, but it is a pain in the ass. You safe money on rent, but you pay interest instead.
In Germany they are relatively good for tenants. Can’t complain. Rental contracts are typically indefinite. The landlord can also not raise my rent at will or get me out without a good reason and a very generous grace period. But on the other hand, I got a new gf and might need more space and some garden, etc. We will see. I have some considerations to do.