I mean, I rent the upstairs of my house, and I work and my fiance works. I raise the rent when I have to and don’t when I don’t. I’ve found that regardless of how good I try to be to my tenant, there will always be people that call me a leech.
I wanted a house. I bought a house. A big one, for a really good price. I’ve put work into it, building it’s value. As stated, I work to pay bills, as well. But, the extra money from my extra resources (livable, maintained space with working amenities), is earned and I do work for it.
That said, it would, also, be silly to think that I would let a stranger live in the house that I am working to pay for, for free.
the value is not earn because the rent you can extract (the value) correspond to no labour of your own, it is instead decided by the location and the quality of the place (the city/neighborhood, not the house) you live in, in terms of jobs, public amenities, … This value is created and increased thanks to everyone else work (creating new jobs, paying taxes from labor, providing labors …) but not by your “job” has a landlord.
Hence the rent you get is not earned, it is extracted from land prices. If you want to learn more, read “the wealth of nations” by Adam Smith :).
It does and it can be quantified. I can guarantee you that it is not as high as the price asked. Most of the price comes from the land price.
Moreover, your house price depreciate in reality but rent and buying price increase? That doesn’t make any sense, unless the land price are increasing. And this increase is due to other people’s work, not the landlord.
Old house should be cheap, labor is cheap, yet people pay 30%+ of their salary in rent. Imagine the same with a car instead of a house, that could never happen, so what is the difference ;)? The land.
Labor isn’t really cheap. As a home owner, I can tell you that getting a plumber, electrician, sewer guy, appliance repair guy, roof repair guy, squirrel trapper guy, eavestrough guy, etc, etc. are all very expensive and it adds up. Plus property taxes, major stuff like roof replacement every 10 years, grass cutting, painting.
But yes, it’s also property values that go up - and that makes it more expensive to buy land because more people want to use that land. And as a result, the value of renting goes up. You could rent on the outskirts of town for much less; but you want to live in a nice spot just like everyone else. So how else do we proportions out the land except by attributing value to it and doing trades?
when I say labor is cheap I mostly mean the landlord “labor” since this is virtually nothing. It’s not that expensive. It’s never 30%+ of your paycheck, most houses need nothing most of the time. Most of the rent/buying process of housing is land (aka dirt) value.
It’s not so much that you want to live in a nice place, it’s more than one must. We need to bring land prices down it would be better for the economy, for future generations, and for social equality… We can:
tax the hell out of the land value to finance what give land its value (public transport…)
Build publicly owned rent controlled flats
do aggressive rent control on part of the local housing stock.
Look up how Vienna does it, or in the US, the rezoning associated with rent controlled guarantees (without those guarantees rezoning increases land price)
You are below heroin dealers and only slightly above cops and pimps. Burglars contribute more to society than you do by fencing stolen goods through local pawn shops, helping stimulate the “reduce, reuse, repair, recycle” economy.
Ad hominem is meh, but does tell me the person is likely deep enough in their emotions that they are beyond discussion.
Regardless, same as I said to the last guy/girl/themself, you have a differing point of view and now you’ve gotten to virtue signal to the world and really put. me. in. my. place. With an extra OOMPH. I’ve enjoyed reading it from my house, and I wish you wealth and happiness.
They do… they run a small grocery store that actually has whole foods with fresh fruits and vegetables and modestly priced meats that isn’t horribly expensive and maintain the most affordable apartments in the entire city.
Right downtown.
In what is now an overpriced retirement ghetto filled with million dollar starter homes owned by insufferably stuffed old shirts and 3.5k per month apartments rented to Boston commuters.
They work their asses off to build an actual community of native residents.
Pretty much everyone they rent to has local resident ties here to what used to be a working class, working port city.
Your cynicism is noted, but you make some incorrect assumptions. It’s not ALL as bad as you think out there. Find those gems, they do exist.
It’s crazy to suggest looking isn’t worth it. It’s not trite sentimentality.
It’s luck, and one may never get lucky if they don’t look in the first place.
Not everyone will be as blessed, yes… absolutely true.
Never will I deny that but in the end, we have to look out for our selves first before we can help others. This is one thing you may want to look for, if you want to get a stable footing underneath you.
Big cities and metropolitan areas are becoming increasingly toxic to stay in if you’re starting out or have an average level of hustle. You gotta be some sort of capitalistic superman and most people aren’t. God knows, I’m not.
However it’s despairing when the sentiment is framed which says there is no good in owning a rental, because people are not good.
Not every property owner in a capitalist society is a capitalist pig.
Find places where you can be part of a local community where people network and live and work together and have a shared history that goes back decades.
The thing I’ve notcied is that rootlessness, that is, constantly moving from place to place as our society encourages, turns every new person that moves into an area into a stranger, and that is the crux of the matter. (I grew up homeless in the 1970’s and lived in the back of a VW bus, so I understand this perfectly) It’s how you keep millions of people poor. We’re driven by capitalism and it’s handmaiden of consumerism to cut ourselves loose, and in doing so, lose the anchors of community that allow people to stay in one place and save.
Oh no… we can’t have that!
I’d say the larger argument everyone should pivot on is how the homeless problem and the unaffordability issue - for EVERYONRE not a millionaire - (and that’s most of us) comes directly down to the trillions of dollars worth of untaxed investment wealth being put into private real estate equity.
It’s got to get to the breaking point where the middle class is finally turfed and joins the rest of us.
This is coming like a slow-motion tidal wave and for sure Trump has accelerated the slide with his corruption and crminality.
Beautifully so. The bourgeois get salty when their comforts are pinched.
I expect you’ll hear the air raid sirens of financial petulance coming from that comfy, fat middle in a handful of years, if the economy continues on its current trajectory.
They could, you know, actually do work for once?
Like improve society, instead of being a parasite?
I mean, I rent the upstairs of my house, and I work and my fiance works. I raise the rent when I have to and don’t when I don’t. I’ve found that regardless of how good I try to be to my tenant, there will always be people that call me a leech.
I wanted a house. I bought a house. A big one, for a really good price. I’ve put work into it, building it’s value. As stated, I work to pay bills, as well. But, the extra money from my extra resources (livable, maintained space with working amenities), is earned and I do work for it.
That said, it would, also, be silly to think that I would let a stranger live in the house that I am working to pay for, for free.
the value is not earn because the rent you can extract (the value) correspond to no labour of your own, it is instead decided by the location and the quality of the place (the city/neighborhood, not the house) you live in, in terms of jobs, public amenities, … This value is created and increased thanks to everyone else work (creating new jobs, paying taxes from labor, providing labors …) but not by your “job” has a landlord.
Hence the rent you get is not earned, it is extracted from land prices. If you want to learn more, read “the wealth of nations” by Adam Smith :).
It takes work to set up an apartment and maintain a house. And there are other expenses.
It does and it can be quantified. I can guarantee you that it is not as high as the price asked. Most of the price comes from the land price.
Moreover, your house price depreciate in reality but rent and buying price increase? That doesn’t make any sense, unless the land price are increasing. And this increase is due to other people’s work, not the landlord.
Old house should be cheap, labor is cheap, yet people pay 30%+ of their salary in rent. Imagine the same with a car instead of a house, that could never happen, so what is the difference ;)? The land.
Labor isn’t really cheap. As a home owner, I can tell you that getting a plumber, electrician, sewer guy, appliance repair guy, roof repair guy, squirrel trapper guy, eavestrough guy, etc, etc. are all very expensive and it adds up. Plus property taxes, major stuff like roof replacement every 10 years, grass cutting, painting.
But yes, it’s also property values that go up - and that makes it more expensive to buy land because more people want to use that land. And as a result, the value of renting goes up. You could rent on the outskirts of town for much less; but you want to live in a nice spot just like everyone else. So how else do we proportions out the land except by attributing value to it and doing trades?
when I say labor is cheap I mostly mean the landlord “labor” since this is virtually nothing. It’s not that expensive. It’s never 30%+ of your paycheck, most houses need nothing most of the time. Most of the rent/buying process of housing is land (aka dirt) value.
It’s not so much that you want to live in a nice place, it’s more than one must. We need to bring land prices down it would be better for the economy, for future generations, and for social equality… We can:
Look up how Vienna does it, or in the US, the rezoning associated with rent controlled guarantees (without those guarantees rezoning increases land price)
Do different blood types taste different? Since you’re a bloodsucker you might know
You’re more than welcome to take that point of view. I’ll enjoy it from my house.
You are below heroin dealers and only slightly above cops and pimps. Burglars contribute more to society than you do by fencing stolen goods through local pawn shops, helping stimulate the “reduce, reuse, repair, recycle” economy.
Ad hominem is meh, but does tell me the person is likely deep enough in their emotions that they are beyond discussion.
Regardless, same as I said to the last guy/girl/themself, you have a differing point of view and now you’ve gotten to virtue signal to the world and really put. me. in. my. place. With an extra OOMPH. I’ve enjoyed reading it from my house, and I wish you wealth and happiness.
lol dork
They do… they run a small grocery store that actually has whole foods with fresh fruits and vegetables and modestly priced meats that isn’t horribly expensive and maintain the most affordable apartments in the entire city.
Right downtown.
In what is now an overpriced retirement ghetto filled with million dollar starter homes owned by insufferably stuffed old shirts and 3.5k per month apartments rented to Boston commuters.
They work their asses off to build an actual community of native residents.
Pretty much everyone they rent to has local resident ties here to what used to be a working class, working port city.
Your cynicism is noted, but you make some incorrect assumptions. It’s not ALL as bad as you think out there. Find those gems, they do exist.
happy for you, but “find those gems” is a crazy thing to say when there are like four gems among millions of people who need a place to live
It’s crazy to suggest looking isn’t worth it. It’s not trite sentimentality.
It’s luck, and one may never get lucky if they don’t look in the first place.
Not everyone will be as blessed, yes… absolutely true.
Never will I deny that but in the end, we have to look out for our selves first before we can help others. This is one thing you may want to look for, if you want to get a stable footing underneath you.
Big cities and metropolitan areas are becoming increasingly toxic to stay in if you’re starting out or have an average level of hustle. You gotta be some sort of capitalistic superman and most people aren’t. God knows, I’m not.
However it’s despairing when the sentiment is framed which says there is no good in owning a rental, because people are not good.
Not every property owner in a capitalist society is a capitalist pig.
Find places where you can be part of a local community where people network and live and work together and have a shared history that goes back decades.
The thing I’ve notcied is that rootlessness, that is, constantly moving from place to place as our society encourages, turns every new person that moves into an area into a stranger, and that is the crux of the matter. (I grew up homeless in the 1970’s and lived in the back of a VW bus, so I understand this perfectly) It’s how you keep millions of people poor. We’re driven by capitalism and it’s handmaiden of consumerism to cut ourselves loose, and in doing so, lose the anchors of community that allow people to stay in one place and save.
Oh no… we can’t have that!
I’d say the larger argument everyone should pivot on is how the homeless problem and the unaffordability issue - for EVERYONRE not a millionaire - (and that’s most of us) comes directly down to the trillions of dollars worth of untaxed investment wealth being put into private real estate equity.
It’s got to get to the breaking point where the middle class is finally turfed and joins the rest of us.
This is coming like a slow-motion tidal wave and for sure Trump has accelerated the slide with his corruption and crminality.
Beautifully so. The bourgeois get salty when their comforts are pinched.
I expect you’ll hear the air raid sirens of financial petulance coming from that comfy, fat middle in a handful of years, if the economy continues on its current trajectory.
They might be not as bad, but they are just less broken in a broken system.
Amen to that. We are ALL broken by this system, in one way or another.
I don’t think they could.