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To be fair, if you were to buy or build a house it won't cost you any less.
Right, but at least it will be your house. Instead of paying someone else's mortgage and coming out of it with nothing for yourself.
I'm not defending landlords here — just pointing out that housing is expensive right now regardless of who owns it. Construction costs are through the roof (no pun intended) even before factoring in a profit margin for the builder and/or the landlord. If I had to rebuild my house today it would cost at least 3x what I paid for it 15 years ago, and my income hasn't tripled since then.
The things is, its expensive because of landlords and shit like airbnd. They have shrunk the market which increases the value of whats left in the market. Landlords are the reason why housing is unaffordable. Which puts you at their doorstep to rent from them.
Landlords are definitely not the reason that new construction is so much more expensive. They want the lowest possible construction cost, not the highest.
Have you considered that the reason labor prices have increased is because the cost of living has increased so much, primarily driven by housing prices?
Corporate landlords are absolutely driving the prices up, combined with 3 decades of low interest and investors treating real estate like a speculative market. The material cost of housing is miniscule. North American homes are made out of paper and plywood.
As a former homeowner who is now renting again after moving across the country, you lose a lot renting.
So many small and large details of my home I built for me that if I add to my apartment will only serve to let the landlord raise the rent later and/or evict me to find someone willing to pay more for my own additions.
It’s less about what you spend and more about freedom, control, and who benefits from caring for the property.
Also modern apartments are turning every aspect of living into add-on subscriptions. Pet rent, parking fee, ev charging fee, even gym fees are popping up now
Thank god some federal laws changed that blocked landlords from bundling specific cable and internet providers. That was horrible the first time we moved west and found that your building controlled what services you could even buy.