this post was submitted on 19 Jul 2025
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There will always be a market for relatively short term living spaces; a gap currently filled by rentals.
Any person who is not living in a place temporarily, eg, for school or a temporary job posting or something, should have the ability to buy a home at an affordable price, without fail.
The housing market is saturated with house flippers and people with more money than sense looking to become a landlord so they can have an "income property".
IMO, all rentals should be either run, controlled, or at least strictly overseen by a specific branch of government dedicated to the task. Anyone who wants to become a renter has to get their rental property approved for renting, and approvals only happen if more rentals are strictly required.
Land contracts fulfill the role of short term housing (6-36 months) at least as well as renting, with additional benefits if short term extends to long term. In the short term, there is no significant difference in the two, with the exception of the Owner-Occupant Tax Exemption I have been proposing. That exemption ensures that land contracts will be cheaper, yet more lucrative than renting.
Rent is inherently exploitative. No amount of government oversight can overcome the intrinsic problems with renting. The entire concept needs to be actively suppressed. Government oversight can't fix the inherently exploitive problems with rent. That's just trying to polish a turd.
What we need is an economic climate that favors owner occupancy and strongly discourages commercial use of residential property. With that environment, landlords will be fighting tooth and nail to convert their tenants into buyers.