They should abolish buy to let mortgages. How is it fair that a renter literally pays for the mortgage by proxy but doesn't have a stake in the home.
I have seen the amount paid in property taxes in USA via Zillow and... It is HUGE. No surpries that rents are so high. Rent have to cover minimum taxes, maintenance and part of house value. These expenses set the minimum value of a rent. But why you have so high property taxes? Cause enterprieses and billionaires don't pay taxes and cause they put their huge capitals also in real estate, raising the prices. The problem is that real estate is a right ( house ), but also an asset.
Then don't rent it an move to a place you can afford to buy the house
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