If you're a family with 3 kids and a dog, in a city for a 6-12 month job placement or temporarily until you find a house in an area closer to work/family, why shouldn't you be able to rent a house with a yard?
Or if I'm taking a job placement overseas for a year, why shouldn't I be able to rent it out while I'm away and provide an opportunity to a renter in my place?
Transactional costs where I live (stamp duty, agent selling fee, mortgage costs) historically meant that you rent less than five years or buy if staying longer than that. Might've changed since I read that info, but there's a point where the best action changes.
There are people who don't want to buy and don't want an apartment. There are places where there are virtually no apartments.
Housing affordability is absolutely an issue, but I don't think your suggestion is at all reasonable.
Or if I'm taking a job placement overseas for a year, why shouldn't I be able to rent it out while I'm away and provide an opportunity to a renter in my place?
Transactional costs where I live (stamp duty, agent selling fee, mortgage costs) historically meant that you rent less than five years or buy if staying longer than that. Might've changed since I read that info, but there's a point where the best action changes.
There are people who don't want to buy and don't want an apartment. There are places where there are virtually no apartments.
Housing affordability is absolutely an issue, but I don't think your suggestion is at all reasonable.