Would you be able to rent luxury homes in the future?
i know you can rent luxury homes now, i just wanna know if u can rent them in the future like in 50-60 years? (serious answers please) thanks
I don’t see why not unless in 50 or 60 years from now people aren’t making the kinds of money needed to pay the rent, then there would be a lot of empty luxury homes around. I could also suppose luxury homes could become a thing of the past and become a new kind of home that relies on this new green technology and be called something different in 50 or 60 years that isn’t thought of now like maybe renting green grandeur living abodes or something.
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July 12th, 2010 at 5:27 pm
I think the problem with renting homes right now is that: 1 – the actual owner need to pay the mortgage and the taxes on that house. To do that, they will charge a ridiculous amount of monthly rent. Way over priced. 2 – The tenant of that house will realize that he is paying that stupid amount for nothing. This house will never be theirs as the house is under the owner’s name. If they are smart they’ll realize that: Hey, I’m paying 24,000.00 $ a year on something that’ll never be mine!
Now the positive is that, if the tenant decides to rent and declares bankrupt, they can just move out without losing any extra money.
So, to answer your question: It’ll probably diminish as the housing market is growing faster than the actually yearly raises given by our employers. In order to rent or even buy a house, you need that money. Therefore, luxury houses in the future will be un-rentable because of the monthly asking price from the owner.
That’s what I think
References :
July 12th, 2010 at 6:08 pm
I don’t see why not unless in 50 or 60 years from now people aren’t making the kinds of money needed to pay the rent, then there would be a lot of empty luxury homes around. I could also suppose luxury homes could become a thing of the past and become a new kind of home that relies on this new green technology and be called something different in 50 or 60 years that isn’t thought of now like maybe renting green grandeur living abodes or something.
References :
The new encyclopedia of the future