Canada

Its a valid argument but discounted when the general public has a high enough financial literacy to budget for “unexpected” expected expenses it’s not really unexpected when you’re 25 year old roof leaks or your 10 year old water heater fails.

The idea that rental property is historically a safe investment is the mentality that reinforces the speculative inflationary cycle that real estate is experiencing. Housing as an investment instead of a basic right is a failure capitalism has burdened us with in the sense we can’t correct it properly without ruining the equity of every homeowner unwittingly complicit in ownership.

It’s true supply and demand cause inflationary pressure on property but it doesn’t include perspective on what drives the demand. Huge influxes of immigration to fill gaps in the labour market primarily exploited by companies offering minimum wage creating a class of workers doomed to be reliant on the rental market or pool resources to purchase a property.. the amount of homes I see with multiple families or extended family or rooms rented in these communities is a whole different can of worms but that’s the point of the universal income rant it sounds good in a vacuum but there are too many variables that it doesn’t account for