Sorry I genuinly don’t follow. If I were to rent out at cost, that means if the tenant were the owner, they’d have to pay the same cost as well. So they’re losing the same amount of money either way.
And how would they be building wealth through property, if the property value doesn’t rise? They would buy the flat for say 50k$, and then own 50k$ worth of property
minus what they’ve already paid in rent to this point
I think you’re assuming that I would be paying off a loan with their rent? By renting at cost I meant their rent covers maintanance/upkeep
Sorry I genuinly don’t follow. If I were to rent out at cost, that means if the tenant were the owner, they’d have to pay the same cost as well. So they’re losing the same amount of money either way.
And how would they be building wealth through property, if the property value doesn’t rise? They would buy the flat for say 50k$, and then own 50k$ worth of property
I think you’re assuming that I would be paying off a loan with their rent? By renting at cost I meant their rent covers maintanance/upkeep