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.
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