Mildly Infuriating
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
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If you're talking about stress, sure, a renter can relocate more easily than a home owner. Stress isn't worth dollars, though. A homeowner is still much more likely to have the financial ability to relocate. If renters had spare cash of a substantial amount, don't you think they'd put it towards owning?
How much do you think a mortgage down payment is? A U-Haul rental?
You're not wrong, but that's a pretty wild point of order.
People will buy the house for sale. The country made it clear that half of the population is happy with one of the sides. Reds want to move out of blue states all the same. So yes, a down payment and a moving rental are a magnitude of order apart, but relocating still introduces huge expenses. A 600 mile trip with a 15' truck and car trailer is about $1,000 (it's the mileage rate that gets you). Hotels if needed, road food, security down payments, and gas are the easy ones to point out. Then there's the added stress and costs of scoping out your destination, finding a suitable place, not being employed during the transition, losing your current social networks, and pulling it off solo. My point is that "just move" isn't feasible to many of the people most affected by the predicted changes.
Sure.
And yet it is still more feasible now than it will be later.