alt Hacker NewsHigher rent means more people will opt to buy. That's not necessarily a bad thing in perspective. Assuming the other side effect is a decrease in costs due to a lower profit margin.
Replies
Aurornis • last Wednesday at 11:45 PM
More people opting to buy means house prices go up.
There's no free lunch. The more friction, taxation, and tariffs you add to the housing market, the higher prices go for both renters and home purchasers.
itake • last Thursday at 2:59 AM
If rent is higher, how will people save for a down payment?
I believe your comment is operating under the assumption that people are merely choosing to rent over buying because it's the more economically wise choice. That's not how things work in reality. Many people want to buy but cannot put up the initial costs.