It would be cool if you could run a coop where you all paid in the amortized cost of repairs on a schedule and if an incident happened before expected you withdraw the cash and keep paying in after.
But this would get abused on both ends by fraudulent claims and petty managers. You’d have to be very selective.
If we’re talking a major cost, the landlord will probably amortize it over a long period, so if you’re only renting a short period you won’t pay for it all.
Windows, radiators and water heater are 30+ years old and heat has to be on full blast 24/7 to keep the place above 20C in the winter, and multiple window AC units are required to keep the place below 30C in the summer. Landlord pays nothing to update, and renter keeps paying huge energy bills, and being uncomfortable the whole time. - renting
Homeowner spends a few grand to buy efficient furnace, central AC, and windows and saves money on energy bills every month and upgelrades pay for themselves while staying nice and comfy. - home owner
If the furnace goes out its the landlord who pays - Renting
If the furnace goes out you are out $1000s - Home Owner
Only one I can think of is the cost of fixing shit.
Counterpoint: the landlord is paying with your rent money. You’re still out just as much, just spread out monthly with a profit margin on top.
And then some. The landlord’s profit.
It would be cool if you could run a coop where you all paid in the amortized cost of repairs on a schedule and if an incident happened before expected you withdraw the cash and keep paying in after.
But this would get abused on both ends by fraudulent claims and petty managers. You’d have to be very selective.
If we’re talking a major cost, the landlord will probably amortize it over a long period, so if you’re only renting a short period you won’t pay for it all.
Unless you have enough cash to buy a house, the bank is making a profit margin on the mortgage.
And landlords are making a profit margin on a mortgage as well, unless they own it, then they make an even bigger margin
Windows, radiators and water heater are 30+ years old and heat has to be on full blast 24/7 to keep the place above 20C in the winter, and multiple window AC units are required to keep the place below 30C in the summer. Landlord pays nothing to update, and renter keeps paying huge energy bills, and being uncomfortable the whole time. - renting
Homeowner spends a few grand to buy efficient furnace, central AC, and windows and saves money on energy bills every month and upgelrades pay for themselves while staying nice and comfy. - home owner