And that is precisely what I am disputing. No one WANTS to rent specifically, it’s just that there aren’t a lot of other options for short-term commitments. You’re looking at hotels, couch surfing, van life, nomadism. All of which exist but are less common.
The rest of their statement was about trying to find ways making renting less bad when the real solution is to eliminate the need for rent or landlords at all. You can still have short-term housing options without landlords.
In fact, in a lot of countries it is customary for landlords to require long-term leases most of the time. In most of the Middle East rents are paid annually up-front. In India it’s common to see security deposits of 6 months rent or more. The only force keeping short-term housing options available to those who want them are… Those who want them. The market demand, and the responsiveness to that demand.
But one of the major shifts the world is seeing globally is the breakdown of the relationship between demand and supply, with more and more power going to the supply side. Landlords in particular are colluding indirectly through 3rd party consulting firms against renters. It’s almost comical now to talk about how many countries like Canada, the UK, and the US are having housing crisis while the new construction seems to be almost exclusively low-densith luxury homes. Renters simply do not have the power to influence supply today.
Acknowledging people wanting to rent was literally their first sentence
And that is precisely what I am disputing. No one WANTS to rent specifically, it’s just that there aren’t a lot of other options for short-term commitments. You’re looking at hotels, couch surfing, van life, nomadism. All of which exist but are less common.
The rest of their statement was about trying to find ways making renting less bad when the real solution is to eliminate the need for rent or landlords at all. You can still have short-term housing options without landlords.
In fact, in a lot of countries it is customary for landlords to require long-term leases most of the time. In most of the Middle East rents are paid annually up-front. In India it’s common to see security deposits of 6 months rent or more. The only force keeping short-term housing options available to those who want them are… Those who want them. The market demand, and the responsiveness to that demand.
But one of the major shifts the world is seeing globally is the breakdown of the relationship between demand and supply, with more and more power going to the supply side. Landlords in particular are colluding indirectly through 3rd party consulting firms against renters. It’s almost comical now to talk about how many countries like Canada, the UK, and the US are having housing crisis while the new construction seems to be almost exclusively low-densith luxury homes. Renters simply do not have the power to influence supply today.