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Which is causing near exclusivity among older generations and preventing reasonable change for a sustainable, enjoyable life for all. My friend’s step-dad owns (and rents) like, 9 or 10 houses, is a multimillionaire and is about to retire, live at his nice cottage, and sell his personal house for extra cash to buy boats and travel, all while still owning Retired PE Teacher Retirement Not My Problem Anymore Shirt used for passive income. He’s actually a really good landlord, but unfortunately more people want to become landlords and don’t want to do the work. Supply goes down, demand goes up, buy costs/rent rates go up, and more people are being pushed towards being lower class.
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I’m in a small city in Southern Ontario paying 1600 a month Retired PE Teacher Retirement Not My Problem Anymore Shirt a medium sized apartment with no air conditioning, only here because of school. I had enough money for down-payment on a house where I’m originally from, but since the increase in housing prices, I can’t afford a downpayment while I live here and thus, am forced to throw money away by renting. Would love to have opened a mortgage on a house, paid the bank instead and been able to renovate/flip the house, and sell it once I leave to make some money back at least; but it just seems like that’s further and further away from possible for people who weren’t lucky enough to be born before the 90s.