As a current landlord about to extend a lease at exactly the same terms for 3rd year in a row (and I fix everything within 24 hours) - I agree with this too.
It’s ridiculous that my largest store of value is a speculation bubble and a piece of paper with my name on it
I couldn’t disagree more. All the hatred should be directed at individuals/companies that own a bunch of properties. They are specifically in the business of fucking people.
As opposed to the people who merely own one family of serfs?
Wtf are you talking about?
Edit: messed up the formatting.
Does it matter to a family that can only rent if they rent from a corporation vs individual?
Spreading out renters is not a solution.
The following math works if the all landlords own the maximum allowed.
If the maximum rentals one could own is 1000, only 1‰ of the population can be landlords.
If the maximum rentals one could own is 100, only 1% of the population can be landlords.
If the maximum rentals one could own is 10, only 10% of the population can be landlords.
If the maximum rentals one could own is 1, only 50% of the population can be landlords.
To go back to the beginning, if there is no maximum, only 1 person (0.0001%) of the population can be a landlord and everyone else is a renter (the whole “you will own nothing and be happy” line).
What percent of the population do you want to permit to be landlords? Mind you, not property managers, specifically landlords.
Remember 100% of the population can be a property manager because everyone can manage their own property. But the largest percentage of the population that can be landlords is 50%.
I see that you differentiate from people who happen to have extra space and want to rent it out, that I can understand. But also understand that someone can buy 1 home specifically to fuck over other people.
The problem is that some people want to own other people’s homes. Some people want to own 1000 people’s homes and others just 1 is enough. In either case it is not the number that is the problem but the desire to own other people’s homes for the sole purpose of rent seeking that is the problem.
That is what is meant by the comment about “merely own one family of serfs” is about.
None of the shit your said counters my original point. Individual renters with a single rental property inherently care about it and it will almost never be their only income. They’re not doing it to squeeze the most money out of it. Most just need rent to cover their own expenses.
Previous comment is still utter fucking nonsense.
You were given a great answer but to put it even more bluntly, just because someone owns one slave it doesn’t make it any better than someone owning a whole plantation of slaves. It’s horrible either way, I don’t care if you have more time to take better care of your slave because it’s your only one; you still own a fucking slave
It wasn’t a great answer. It was incredibly banal and doesn’t take reality into consideration. This idiotic logic can be applied to anything. It doesn’t make any more sense just because you repeat it.
We live in a capitalist country. We’re all slaves by this primitive thinking. You can shift the blame endlessly.
A properly maintained rental that is fairly priced is not unfair to anyone.
So those who want to buy a house but can’t afford it are still fucked. Cool.
I think it’s valid to address issues with proposed solutions, especially prior to their implementation. For what it’s worth, their argument is not entirely sound, since most these proposals have built in subsidies for home buyers, but it’s good that they are providing their perspective.
Their “issue” is that they think it doesn’t benefit them personally, and they think everything ought to be about them.
There are literally amendments to the Constitution preventing this from happening have you all lost your mind!
Why do we have to pretend the constitution matters when our enemies don’t?
I am a former landlord and I approve of this message. We are back in the house we rented out for 22 years after we moved across the country to a better job, in a place we didn’t care for. We kept our house here so we could come back. We rented it out for 22 years at 30% or even less than market rate ($1600 a month in 2022 for a 3 bed two bath house near LA and a 10 m walk from the train) and we endured crooked and incompetent property managers, failed appliances and tenants who didn’t pay rent. One became a bank robber after we evicted them for not paying rent. They could have started robbing banks earlier I guess so they could at least pay the rent. Anyway, it worked out very well for us. We are back in our house where we like to live. People and companies who buy a bunch of houses and don’t rent them out to give people places to live shouldn’t be able to profit from doing that.
Anyway, it worked out very well for us
This proves the point. This is the kind of story that should end “so, in the end we ended up losing money on the place”. But, if an absent landlord can hire crooked and incompetent property managers, deal with deadbeat tenants, and still have it work out very well for them then it’s an investment where you really can’t lose.
I’m sure you’re lovely people. I don’t mean to criticize you in particular, just the game.
Had we sold our house when we took that job back east we would never have been able to come back here on what we could have saved from what a working person makes. So like I said, it worked out for us.
Unused housing should be taxed mercilessly.
And single-family homes should have a 100% annual tax on them, unless they are owned by an individual human/family (none of this LLC bullshit) who own only 1 house. Make a 6-month exception for inherited houses just so they can be sold, but otherwise just tax the shit out of them.
Make hoarding housing a liability.
Disagree, my grandfather’s home has set vacant for nearly 4 years now after his passing. The estate cannot be wrapped up due to my estranged uncle not believing the property is worthless.
The county keeps upping the tax assessment, and so he’s convinced it’s worth something and refuses to visit the preoperty.
On paper this is an unused house in reality the roof finally fell in about 6 months after my grandfather died. The county refuses to condem it because they want the tax revenue and my estranged uncle has held up the estate indefinitely with unrealistic expectations.
I wouldn’t say my poor as fuck family deserve a 100% annual tax on the assessed value of a near worthless asset.
I imagine the options would be to pay the tax or just, I dunno, get rid of the property? You said it’s worthless.
Landlords are scum, but tenants are fucking disgusting.
Canada instantly bursting in flames
why do you hate me so?
