Geez, I think you had a good point and now it seems you are being burned at the stake. But arguments are good if held in good faith, and I see your point, and mostly agree.
The problem is everyone wants a good house in a good area, yet there is only a limited supply. Houses are a depreciating asset, breaks down etc, the land in a desirable area is what makes it expensive and appreciated. So by logic the landlord took a chance and bought a place to rent out, that will depreciate but they focused on location, location, location in the hope it will bring in a profit (speculation).
Honestly if the area is desirable, close to working areas, good reputation with low crime… It will sell itself and becomes desirable thus increasing price.
But no one forced you to live in a nice area, I moved to a rural town, where a nice family home is cheaper than a 1 bedroom flat in the city more than 3 hours drive from me. Unfortunately yes that means less comfortable options like work or services a city can provide me. But some benefits like I love the isolation and community a small community brings.
Nothing stops anyone from moving. In my country the government has tried to give RDP housing to the poor, except it stays theirs and if you get a work somewhere else or have to move due to wide variety of reasons, sorry lost your housing benefits, you cannot sell or swap or anything, a stupid law and makes people choose between housing or a better paying work, hopefully opposition is trying to give these people ownership rights and further strengthen property rights in general.
Geez, I think you had a good point and now it seems you are being burned at the stake. But arguments are good if held in good faith, and I see your point, and mostly agree.
The problem is everyone wants a good house in a good area, yet there is only a limited supply. Houses are a depreciating asset, breaks down etc, the land in a desirable area is what makes it expensive and appreciated. So by logic the landlord took a chance and bought a place to rent out, that will depreciate but they focused on location, location, location in the hope it will bring in a profit (speculation).
Honestly if the area is desirable, close to working areas, good reputation with low crime… It will sell itself and becomes desirable thus increasing price.
But no one forced you to live in a nice area, I moved to a rural town, where a nice family home is cheaper than a 1 bedroom flat in the city more than 3 hours drive from me. Unfortunately yes that means less comfortable options like work or services a city can provide me. But some benefits like I love the isolation and community a small community brings.
Nothing stops anyone from moving. In my country the government has tried to give RDP housing to the poor, except it stays theirs and if you get a work somewhere else or have to move due to wide variety of reasons, sorry lost your housing benefits, you cannot sell or swap or anything, a stupid law and makes people choose between housing or a better paying work, hopefully opposition is trying to give these people ownership rights and further strengthen property rights in general.