Happy Fake Labor Day to the Americans, because their government wants to hide real labor day from their citizens so they don’t have to educate them about the Haymarket Affair.
Labor Day being in September is absolutely about erasing labor history. If more people knew labor history, more people would understand why All Cops Are Bastards.
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According to others in the thread, you should have known your whole life about the Wikipedia article on it! Duh! /s
I sort of knew about this but not the details. Reading that article shows just how far America has failed to come in 50 years.
Interesting stuff
May day! May day! We’ve got socialism over here!
May day!
I see what you did there.
You are correct, the American website Wikipedia definitely does not have an article on Haymarket
The average American has a seventh grade reading level (with 54% of the population with less than a sixth grade reading level), and you expect them to be educated enough to 1. know what it is and 2. look for a Wikipedia article on it?
Jesus, half this fucking country doesn’t even live in reality anymore. Somehow, they’re supposed to just know that it’s on Wikipedia.
So you want like some mandatory Ludovico Technique for this piece of information, or what? There’s literally a library of Congress article. It has been part of AP US history for as long as I can remember. I’m not even sure what point you are trying to make. That there are tons of wilfully ignorant people in the US (true)? Or that this piece of history has been censored (objectively false)?
Erasure is different than censorship, and I think you’re intelligent enough to know that. I took that AP history class, and it was super biased against the workers, so that’s kind of a joke to reference.
Also, if we’re talking about a country with a seventh grade average reading level, we’re mostly talking about people who have never taken an AP fucking US history class.
Choosing the September date is part and parcel to why more people don’t know about it, because it’s not generally part of the public consciousness or conversation. That’s called erasure, not censorship.
If it was an AP class, that shits not getting to the ears of who really needs it most.
I would argue that it’s completely erased in most States
I mean we’re talking about a country that is literally in the process of redefining the history of slavery and running with “but the slaves learned valuable skills!” Yeah, I’m trying to meet these people at their level, but it’s clear that in huge swaths of the country, it isn’t talked about, period.
be me american sees OP comment googles haymarket affair first result is Wikipedia article for haymarket affair 😐
You mean when some rioters tried to kill people with a bomb?
One thing I’ve learned on reddit is that you never tell people on platforms like that or even this one that you’re a landlord. You could be the best landlord, never raise a reasonable rent, keep a well and promptly maintained property, and LanDlOrDs aRe The ScUm of ThE Earth!!1! is all you hear.
Small-scale landlords also usually have full time jobs and use rent to supplement their income. Not every landlord is just rolling in cash.
I work at a credit union where we deal with a lot of smaller investors and many of them have properties where they aren’t breaking even on a cash flow basis. But they are using the losses to lower their taxable income while building equity elsewhere. They are (from tenants I’ve heard from) good landlords. Lately we’ve been dealing with a lot of realtors that are buying up properties and that just doesn’t sit well with me so I’m looking to change careers and get more into C&I and CRE rather than SFR investments. Being able to cash out 7.25 weeks of accrued vacation time I haven’t been able to take too is a big plus.
In a lot of places if you own any land you are a millionaire, it’s coming to the point that if you own a condo you are a millionaire.
Being a landlord, making money off of the hard work of other people, and still having enough time to have a full time job “on the side” means you don’t need to be a landlord because it obviously isn’t an important job that you have to dedicate time and attention to.
Choosing to use a basic human right as a form of income is scummy. All landlords are scum, whether they are rich or not.
People need a place to stay and not everyone has piles of cash for a down payment. Vote for the change you want, but in this system we need rentals.
Those rentals should be a social project not a profit driven one.
There’s more demand for rentals then there are government resources to provide social projects.
It’s survival.
Can I come to your house, eat all your food, empty your bank account, and have your things?
That makes no sense at all.
And becoming wealthy by withholding human rights from others isn’t “survival”.
The very idea of being a landlord is pretty evil though? Like in a housing shortage you’re hoarding property and profiting off it.
So while I generally agree with your sentiment, there are some obvious ways that sometime could be an ethical landlord.
What if you have a house that’s too big, so you convert a floor into an apartment? You’re adding to the number of housing units available. Should you be forced to sell a portion of your house/building to whoever wants to live there? Or should you be able to rent it out to someone at a reasonable rate? Do we want rules that discourage people from potentially adding units to the market?
I feel like the “all landlords are evil” narrative is way too simplistic, and that simplistic view turns off people who would otherwise support reasonable limits on landlords and housing ownership. Like, it’s obvious that we need limits and taxes on people who own multiple properties, and it’s obvious that there are companies that exploit renters and drive up prices, but it’s all more complicated than just “landlords evil lol”.
I rent my property because it’s the only way I could’ve bought it at my age and I use that money to pay for the mortgage of it while I live somewhere I don’t want to (under parent’s wing in a crappy city) but angry people rarely if ever consider all scenarios
Someone else is litteraly paying your mortgage for you because you cannot afford it otherwise. How out of touch do you have to be to say that with a straight face?
Thanks for the insult and making my point, I can afford it but in my country you have to make a downpayment of 20% of the value and that ate into my savings, I want to recover some of my savings before moving to another city and eating into those savings more, plus I have to wait a year for my wife’s job, is it wrong to rent it for that year before I move?
How am I making your point? You litteraly said that you could not afford the place, so you rented it out instead.
Someone is paying your mortgage for you because you cannot afford it, and then you will kick that person out when you want to. That person will then have to move again in a market that gets worse by the month.
I’d say that is pretty bad all around.
How can I not afford the place? This is just to make my life easier I would not artificially make it harder on me if I can rent it to some europeans that will stay on a sabatical in my country.
What is my other choice? Leave the place abandoned for a year until I move? Prices get worse every year and I found a great opportunity to buy now instead of wait until I could buy it without a bank loan. Prices doubled because I waited so this time I don’t want to wait. My mortgage is 25% of my salary that’s not bad is it?
So you’re keeping home ownership away from someone who can afford to pay your mortgage is what you’re really saying.
How did you come to this conclusion? If someone is renting it means they they can’t pay for mortgage. Otherwise they would’ve done so. He said, that he needed to make a 20% payment to even get the mortgage. Idk how much money that was for him, but where I live that would be around 130k$. Clearly not everyone has that kind of cash.
And what’s your solution? Disallow renting properties for which mortgage wasn’t posted in full?
If you buy it, live in it. Stop contributing to the housing crisis. Greed got us here, it certainly won’t get us out.
So disallowing renting. So you don’t control your property, which means you don’t own it but lease it.
This is problematic, since not being able to open your house is worse than having difficulties with obtaining it. I agree that generally having some people own a lot of housing units is bad, but not being able to own a house means communism. And not as a scare, but quite literally, as in definition.
Your assuming everyone wants to own property over renting.
House and property ownership has a lot of responsibility and expenses involved. Your water heater breaks well there is $1000+ your roof needs replacing there is 30K. All of that goes away when you rent as it isn’t your responsibility.
If you own property it can be harder and more risky to relocate. I know a few people that bought in 2007 and then were stuck as they couldn’t afford to move because they were upsidedown on their house.
Not saying renting is all sunshine and roses. I personally would rather own then rent but home ownership isn’t for everyone.
But I do think it is a major problem when you have a few companies buying up all property so no one else can afford it. But I don’t think being a Landlord is inherently evil.
Rentals should be socialized, not owned by corporations or private citizens.
Don’t forget food too. No one should profit on necessities.
Correct, but only one mountain can be climbed at a time. We have more reliable food sources than housing sources right now.
In a perfect world sure, government is fully funded and runs smoothly people care about the everyone etc… etc…
But in reality I really would be very hesitant to want to live in that world. It is very scary to have a single organization control all your housing. At least with the way it currently is if you don’t like your landlord you can go somewhere else. If the government owns everything your kind of stuck dealing with the same organization no matter where you go. Governments are not immune to corruption and can screw you over even worse in some cases then an organization.
In my opinion the best solution is many private citizens and small rental companies combined with government enforcing laws protecting both parties. However one big issues I am seeing is huge companies buy up everything in a small area and build a monopolies on rentals. That isn’t good either.
Like in a housing shortage you’re hoarding property and profiting off it.
Housing shortages are caused by bad government policy: namely, low-density zoning. Direct your anger towards the entity that deserves it, and make them fix their fuck-up.
(Note: I’m not making some kind of Libertarian “all government is bad” argument here. I’m saying that in this specific case, the laws need to be changed.)
The vast majority of landlords are normal people renting out a portion of the home they live in as well.
What you are asking is that they should close those doors or have the rental be free? Either of those situations is bunk.
Not everyone is able or willing to own their property, what would they do if landlords didn’t exist?
Privatizing the right to have shelter is pretty scummy to be a thing to exist.
So they would still have a landlord it would be the government instead and people would be pissed when the government increases rent or throws people out because they’re destroying the place or not paying their rent…
I’d much prefer to have social housing than slumlords that want to make a profit on the rented space while also keeping the value of the building.
So, how does the government decide who gets beachfront property and who lives behind the power plant?
The same way that it works now? The unit is for rent, you take an appointment and the first person that qualifies get it.
This is not the gotcha you think it is. What so different than the current system?
What if I build a house on a piece of land I own and want to rent it out?
The second construction is completed I’m all of a sudden a scumbag for privatizing someone else’s right to shelter? Even though it’s a house I built on my land? Doesn’t make much sense to me.
Why would you build a house and not live in it?
As I stated in the very first sentence: to rent it out.
I suppose your response will be “but renting it out is bad! We should make that illegal because you’re extracting wealth from the tenant!”
Then I will say to you “fine, I suppose I will not build that house at all”
This is how you get a take a housing shortage in the US and make it far, far worse.
Well you’ve just got it all figured out eh?
You’re moving the goal posts here. Did you buy the land for the purpose of building property? Bad. Did you convert arable land into housing? Bad. Was it a rocky bad piece of land that you invested in to build something more out of it? Good. Housing policy isn’t binary but in most cases the current personal private multiownership model doesn’t help anyone. My perspective is no one should be allowed to own more than one house, and if so anything beyond the first house should be heavily taxed.
Buying land for the purpose of building property is bad? I think any policy that discourages development of additional housing is probably not going to be great for house prices. Or if you’re handing out houses in a lottery system, it won’t be great for housing supply at least.
I’ll give you an example; my country has food insecurity, rich people take arable farmland and build suburbs on that land instead of infilling the city downtown which has single detached homes less than a kilometre from the centre of the city. Do you think that this is a good thing they’re buying this farmland for suburbs, or a bad thing?
No, certain corporate landlords, like Blackrock, is even. Most small-scale landlords are not inherently evil because they rent out their properties. Having a few is not “hoarding.”
Like you’ll ever buy a house yourself and support all of the taxes and upkeep with your nonexistent pay
Where would people live then? Those don’t want to buy. Under the bridge?
Best case scenario, rent is low and only covers taxes and building upkeep. Then you’re essentially getting a zero interest loan since property is valuable and it’s being loaned for free.
Rent is obscene virtually everywhere. Rent should not preclude someone from saving money towards owning their own home, and it really does.
Also, the available, functionally livable land is going to quickly get smaller with climate change. So the more viable land is hoarded, the more people are pushed into desperate and bad living situations. (For example, who are the people with homes on coastlines affected by rising sea levels going to actually sell their soon-to-be-underwater property to? Won’t it effectively be valueless under water?)
Michigan’s Upper Peninsula is being gentrified because it’s an area least likely to be affected by climate change. A lot of the mega-rich are buying property around that area.
Yeah, that’ll push the prices up even higher.
I don’t disagree. Obscenely high rent is common and bad. That means the interest on the loan that you are getting is extremely high. The solutions would be subsiding it by government owned housing, allowing new housing (especially high density) to be built, and discouraging people from living in cities. I think we should do both the first two.
No it’s absolutely not. Your comment displays a complete ignorance of the business.
It’s not a business, it’s a scam to take advantage of people
Not a scam. Not taking advantage of people. You’re just wrong on all accounts.
Wrong.
I’d make a point, but you didn’t bother. Typical landlord unwilling to put in the work.
Another person who doesn’t know what they’re talking about who is anti-business.
I’m sure they’re not anti business, just anti exploitation
Well then it doesn’t make sense because being a landlord has nothing to do with exploitation.
I mean, even the dictionary spells it out pretty clearly.
“Explotation: The act of using someone unfairly for your own advantage”
it has everything to do with maximizing rents and minimizing costs at the expensive of the people living in those properties. There is a reason why there are rules about increasing rents and protests / laws against demovicitions.
What’s more pro-business than wanting the people doing all the work to get paid without the leech shareholders that contribute nothing taking all the incentive for that work?
Get a real job
I have a real job. It’s called being a landlord.
Probably because most users are americans and there renters barely have any protections.
Not just being a landlord, owning a property at all, no matter how much you paid and when, means you’re rich…
As a couple we own a condo paid 85k in the early 2010s and a cottage paid 50k in 2020 (that was on the market for months)? I’ve had many users tell me I’ve got no business talking about the housing crisis because I’m privileged… Because the two of us are able to afford the mortgage on 135k in property???
Anyone with a mediocre amount of business sense or anyone that actually owns / owned (or pretends they own via a mortgage) real estate knows exactly how terribly difficult it is to just keep everything running.
This alone explains why reddit and such have no damn clue why renting is so expensive.
Why is it difficult to keep things running? Keeping the plumbing, electrical, and building amenities in order is part of your legal responsibility. Don’t like it? Get a real job. People HAVE to have a home. You don’t HAVE to make money off it.
As a landlord and someone who loves shenanigans, it’s been great. It’s never been easier to piss off dozens of people I don’t like at once.
Like, sure dude, my owning a few houses is totally the reason your city that I don’t live in won’t build new housing to meet demand, and I totally enjoy spending all of my weekends doing manual labor fixing shit for my tenants.
never mind the fact that that landlord probably worked hard to buy his first property and subsequent properties to self-employ themselves in the first place
Nice myth.
covid hoarders also worked hard to buy up all the hand sanitizer and toilet paper
also, pick a monster dictator who committed genocide, they worked hard too
working hard doesn’t mean you’re doing good things, you can work hard and be evil
landlords are creating a scarcity of places for people to home and feed their families in order to charge those families money to get rich off, and, regardless of how “nice” they pretend to be in fixing the sink if it clogs, will throw a baby into the street to be homeless if their demands for money aren’t met.
Why would someone become a landlord in the first place? You’re not born with a title deed in your hand, and if you were given income property by a family member, you’re still profiting off of the hard work of others. The only reason someone would choose to go out of their way to invest in rental properties is because they see an easier way of making money than having to go out and work for it like an honest person. “Mom and Pop landlords” aren’t a thing. If you have the funds to buy an entire second property, you aren’t just a “mom and pop”, youre in the 1%.
If you have the funds to buy an entire second property, you aren’t just a “mom and pop”, youre in the 1%.
This just in - every blue collar business owner with a shop is in the 1%
That is true
Why do anything and sell for a profit then? And owning rental properties is work. A lot of work. And you’re wrong about the 1% thing
Yeah but see if you stock the grocery store shelves, you’re profiting off the hard work of the people who actually made the food…so you’re scum!
Is it really a lot of work? I’ve rented for about 10 years of my life, and I’ve only seen maintenance get done maybe 4 times. The work was just hired out (probably the cheapest they could find). I’ve had to do all the rest of the work that needed done myself.
Why would someone become a landlord? My uncle took out loans to buy distressed properties sold at auctions, and then he would put in the “sweat equity” to fix them up for renting out, all while working his full time job. So, he would work all day, and afterwards would manage those buildings doing all the maintenance and cleaning himself.
Why did he do it? He did it to make money…so he could send his son to college, so hopefully his son wouldn’t have to hustle a full time job and a busy part time job as well. My uncle worked his ass off to make a better life for his son, how selfish of him.
You either put your money in a savings account at low interest rates or invest in something else.
I am my hamsters land lord. Ask me anything
How does it feel being a monster
Do you have any rooms open right now?
All the landlords I know have more than 1 job. My boss is the landlord of 7 rental properties. He also owns a local breakfast diner and his ass is there every Sunday on that grill flipping eggs and bacon with his employees. He also owns a private security business. If one of the guards calls out sick. Its him that covers their shift. And he pays himself for those hours at the same wage he pays the employee hes covering.
My uncle. Owns 2 rental properties. He also runs an electronics recycling business where he loads and hauls E-Waste and he does that and all the manual labor of it by himself.
My old landlord. Young guy about 30. Boughtkmy building from the previous slumlord owner during the pandemic. Dropped 25k putting brand new stairs and decks on the building for safety. During a time where the average going rate on the market for a 1 bedroom apartment was 1100$ he chose to leave all of our rents at 700$ a month because he didn’t feel right about screwing people.
I am not a landlord. I have no desire to be a landlord. But not every landlord is a lazy sack of shit.
Agree. My mother owns a lot of land in the suburbs of my city. She sold a large amount of land in order to fully pay for my entire undergrad. She could leave her day job right now, but she really likes what she does and thinks of landlording as a side job for her in order for me and my sister to have a comfortable life.
Your mother’s tenants paid for your undergrad, and their kids probably took out student loans.
Oh god the calamity… They had to take out student loans?!!
They are also working. They are performing skilled, useful labor that actively benefits other people. A landlord is not. Working a side job unrelated to landlording does not suddenly make landlording a job that deserves pay.
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Your boss works one regular day a week and covers the occasional shift for a sick employee, but the rest of his income comes from the labor of his tenants and employees. I’m sure he’s a nice guy. I’ve had nice bosses and landlords. But there’s a pretty unequal exchange of labor here. With surgeons and most other high-paid workers, the high wage pays for student loans and years of unpaid student labor.
That’s totally fine, just don’t light no grill.
there were kind and hard working slave owners too. the institution itself is bad.
realestate is simply the best and safest investment you can make in most of the civilized world today, in the same way that owning land and buying slaves to work it was the best investment 300 years ago.
At the end of the day its just waste. If money spent on housing isnt going towards making more and better housing you end up with a choke in supply that raises the price of housing, which hurts the efficiency of society as a whole .
Maybe if renting is only allowed for the party that built the house, it has to be rent to own, and is only allowed for say, 50 years after its construction. Have building codes to ensure it’ll be solid for a long time. With that investing in realestate could be both profitable and societally beneficial.
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My slumlord individual landlord was much worse than the corporate landlord I have right now. Mileage varies significantly between corporations that run rental companies. I’ve also had rental agencies that were shit.
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It’s also how they turn to technology to make it harder to really feel like you’re actually renting. Instead of keys, you have a door with a code, but you don’t control it, so if you’re even five minutes late with rent, they’ll change the code and lock you out. Just like with places like Google, it’s about removing humans and having a lot of this shit automated, despite how dehumanzing the automation is to the people who have to use such services. When you’re being fucked over and can’t even find a human to talk to, it’s dehumanizing.
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It’s an evil industry.
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. -Adam Smith
That’s a good point. I could probably just buy a house if all the corporations weren’t buying up properties and inflating prices.
What’s ruining the real estate market is the fact it’s literally illegal to build enough housing on the vast majority of urban land (same situation in Canada, too). Add in insane parking minimum laws, setback requirements, lot size minimums, etc., and what you get is artificial government-mandated ultra low-density sprawl.
It’s the ultimate form of regulatory capture to protect the “investments” of speculators and homeowners. Typically under the guise of “protecting property values” or “protecting neighborhood character”. Just consider: who benefits most from artificially restricting new competition than the owners of existing housing? Restrict new supply so that you can see the value of what you already possess go to the moon… all at the expense of the rest of society, of course.
If you have 9 homes for every 10 households, price will go up until one of those households is priced out of the market. If we built more and made there be 10 homes for every 9 households, landlords – corporate or not – would be stripped of their market power to raise rent.
The evidence backs this up. Any new housing, even “luxury” or market-rate, improves affordability:
New buildings decrease rents in nearby units by about 6% relative to units slightly farther away or near sites developed later, and they increase in-migration from low-income areas. We show that new buildings absorb many high-income households and increase the local housing stock substantially.
And more flexible zoning helps contain rising rents:
But what happens to rents after new homes are built? Studies show that adding new housing supply slows rent growth—both nearby and regionally—by reducing competition among tenants for each available home and thereby lowering displacement pressures. This finding from the four jurisdictions examined supports the argument that updating zoning to allow more housing can improve affordability.
In all four places studied, the vast majority of new housing has been market rate, meaning rents are based on factors such as demand and prevailing construction and operating costs. Most rental homes do not receive government subsidies, though when available, subsidies allow rents to be set lower for households that earn only a certain portion of the area median income. Policymakers have debated whether allowing more market-rate—meaning unsubsidized—housing improves overall affordability in a market. The evidence indicates that adding more housing of any kind helps slow rent growth. And the Pew analysis of these four places is consistent with that finding. (See Table 1.)
In addition, we can tax land:
Land value taxes are generally favored by economists as they do not cause economic inefficiency, and reduce inequality.[2] A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income.[3][4] The land value tax has been referred to as “the perfect tax” and the economic efficiency of a land value tax has been accepted since the eighteenth century.[1][5][6]
It’s a progressive, essentially impossible to evade tax that incentivizes densification and development while disincentivizing real estate speculation. Oh, and it can’t be passed on tenants, both in theory and in practice.
And even a milquetoast LVT – such as in the Australian Capital Territory – can have positive impacts:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
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Yes, there is price fixing. You know how that works? By artificially restricting competition through regulatory capture, aka restrictive zoning.
All the evidence point to zoning reform and actually legally allowing things like missing middle housing to be effective ways to control rising rents. If you clicked on one of the above links, you’d see this table:
Also recall from the same report:
In all four places studied, the vast majority of new housing has been market rate, meaning rents are based on factors such as demand and prevailing construction and operating costs.
You’re entitled to your own opinions, but not your own facts.
I have found that the people calling for just changing the zoning laws usually have a bulldozer right behind their shoulder waiting to be sent.
Well you didn’t even read the second half of my comment where I also called for taxing land.
PS Trickle down housing doesn’t work. The end.
Ah, yes, the old trick of calling everything you don’t like “trickle down”. Should the solution to the toilet paper shortages of 2020 have been to lock down new supply and wage a moral crusade against toilet paper scalpers? Or just actually get supply back to normal to avoid the whole situation in the first place?
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Hmmm, market rate is determined by price fixing so the people living there have to make more so they can live there and then the rent is price fixed up, and so on, and so on, and so on…
Look at the chart I showed in my last comment again. Clearly landlords in Minneapolis aren’t raising rents in perpetuity. Gee, could that be because they abolished single-family zoning in 2018, and they’re already seeing a stabilized rental market despite being a large, desirable, high-QoL city? So much for your assertion that it “takes 30 years to see results”.
Raising taxes
My goal isn’t raising taxes. My goal is to replace bad taxes like sales, income, and property taxes with good taxes like land value taxes, carbon taxes (and other taxes on negative externalities), and severance taxes.
all of your points are meaningless to me because you’re not operating in good faith.
My guy, who do you think I am? Do you think all YIMBYs are actually just a secret cabal of developers rubbing our greedy little YIMBY hands together to demolish your historic gas stations and parking lots?
I’m a fresh-out-of-grad-school engineer who rents an apartment in a major city. I’ve seen the power of YIMBYism first hand, as I was able to negotiate down the landlord on rent before signing the lease, because there was a credible threat of me leaving and finding somewhere else cheaper. The reason why? My city, Montreal, is the most affordable major city in North America, with some of the lowest barriers to density, and extensive neighborhoods of “missing middle” housing (e.g., townhouses, plexes, low- and mid-rise apartments). All despite being a very desirable, very high-QoL city. Turns out having options gives you actual negotiating power against your landlord.
If you have all the fear of homelessness and your landlord has no fear of vacancy, then your landlord has all the power over you. If you have plenty of options, and your landlord has a credible fear of vacancy, you will have actual negotiating power. NIMBY policies only serve to empower landlords and weaken tenants.
Unlike you, I want to actually grant tenants (myself included) more negotiating power against their landlords by granting them more choices in housing.
Further, do you legitimately believe the current crony capitalist system has produced enough housing in America and Canada? Or is it possible vested interests have captured local governments to artificially limit supply and thus limit competition, and that NIMBYs like you are the pawns to protect their speculative investments?
Be thankful on this great socialist American holiday for the people.
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Sorry, I couldn’t hear your pleas from my speedboat. Oh, you were busy working because I set your schedule to work on Labor day? Obviously we’re of two different classes of people. /s
No Landlords on Lemmy I imagine
Edit: *greedy. No greedy landlords on Lemmy
I have a few rentals. Only one of them was purchased as a straight up investment. The others were just the places where I used to live. I also have a job. Theaye posts are honestly pretty childish. I rent my places out more or less at cost, and often take applicants who are seen as too risky by most landlords (I basically guarantee my own rentals, because I don’t really need the cash flow). I see it more as community service than a revenue stream.
That’s why I just think this shit is childish. Almost everyone I rent to is in no position to buy. I guess they’d just be homeless without landlords. I’ve had people who have literally been turned down 50 times, who were living in their car, and broke down crying when I told them I’d rent to them without a co-signer.
By “at cost” do you mean they’re paying your mortgages and property taxes for you? If so, they could afford to buy if they had a down-payment. They probably don’t have a down-payment because all their money goes to rent :)
I don’t blame people for being capitalist when living in a capitalist system, but it still sucks. You could try something like a non-predatory form of rent-to-own where they gain equity over time (though these arrangements are usually predatory).
Oh, that is very generous of you! I’ve edited my comment
Very thoughtful and agreeable comment. Fuck any greedy landlords and corps for buying up properties and driving up housing costs, but landlords and rentals do need to exist for people who need temporary housing or aren’t in the position to buy.
Usually not, I try not to mingle with the…riff raff…who we allow to occupy our homes. And when they forget the manditory tip, whelp out to the streets with you since you can’t manage your finances.
Is this a double negative?
Don’t light no grill?
Yea, getting Destiny’s Child vibes
This isn’t about own vs rent, it’s about house vs apartment.
Open flames are dangerous and smoke is annoying to neighbors. Condos and coops typically won’t let you grill. Some of them have designated grilling areas and those often have restrictions on how you can use them. Even many apartments with fireproof balconies won’t allow them because not all the neighbors want a balcony full of smoke.
Every house I’ve ever rented, allowed grilling. Even the cheapest one, a row-house in Baltimore, let you grill in the back “yard”.
The utility land owners provide is absorbing the risk of property value fluctuations and facilitate quicker transfer than buying and selling. But they charge exorbitantly for it.
That pretty low utility when property value has gone vastly up for decades. Id also question what “quick transfer” is, and whether it provides any use at all. Houses buy/sell in days now, as all the transactions have been streamlined between even novice sellers/buyers.
Changing exorbitant profit to poorer people on top of raking in exorbitant profit for taking near zero risk isn’t a laudable role in society.
Yeah, it’s not much utility, but they can charge huge amounts for it because of how much demand there is for little supply. And the supply is kept low by horrible zoning and stigma against poor people and high density housing.
As climate change spins out of control, all land that is still functionally livable will skyrocket in value.
Which is also why, shocker, the mega rich are buying up massive amounts of land in areas least likely to experience the worst of climate change, like Michigan’s Upper Peninsula, which has seen lots of influx of the rich buying property for “future-proofing” their life-plans.
Because life is that simple. No subtlety at all.
The message of an idiot, phrased like an idiot.
This is so true. And of course it gets upvoted because of the hive mind on Lemmy that thinks anyone who owns a small business is somehow bad.
No, not a small business. Do not try to twist that we are talking about landlords here not small businesses. There is a difference
Being a landlord = running a business. Being a small landlord= running a small business.
Yes this is exactly what’s being discussed.
The amount of communists in this thread is simply astonishing. I thought we had accepted the concept of property rights. Why even stop at immovable property and not movable?
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