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View Diary: Romney's Plan Would End Mortgage Interest Deduction (131 comments)

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  •  We renters pay for all of that, too (6+ / 0-)

    Your rent has the HOA fee built in. You're paying property tax on the common areas, paying into roof repair and grounds maintenance, all of it.

    (-2.38, -3.28) Independent thinker

    by TrueBlueDem on Wed Jun 20, 2012 at 08:51:24 AM PDT

    [ Parent ]

    •  Not really, unless you live in a condo or apartmen (1+ / 0-)
      Recommended by:
      johnny wurster

      The landlord takes responsibility for the physical property. That's part of the deal. If you rent a house, the landlord is responsible for the major maintenance.

      If it comes with the house, it's the landlord's responsibility. If you bring it, it's yours.

      Not every renter lives in a condor or apartment. There are plenty that rent detached houses.

      •  You don't get free ketchup with your fries. (1+ / 0-)
        Recommended by:

        The price of ketchup is simply included in the price of the fries.

        While HOA's obviously don't come into the picture in every case, the point of the post does.

        Renters don't get out of paying for new roofs and plumbers.   That's part of the rent.

        “The administration should be worried about the level of despair here.” ~Markos Moulitsas at NN12

        by JesseCW on Wed Jun 20, 2012 at 11:16:33 AM PDT

        [ Parent ]

      •  The costs are built into the rent amount (0+ / 0-)

        What renters pay is not random, and is not simply the landlord's mortgage payment. All of the landlord's costs of ownership are built into that number, unless the rental market is extremely weak.

        (-2.38, -3.28) Independent thinker

        by TrueBlueDem on Wed Jun 20, 2012 at 11:48:46 AM PDT

        [ Parent ]

        •  That's true (0+ / 0-)

          unless the landlord is an idiot, they will be charging the renter more than just the cost of the mortgage and property taxes, just to build up a cushion for the necessary maintenance.

          I just wanted to point out that not every landlord will have HOA fees.

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