I don’t know what you millenial z’s or something keep complaining about - just buy a detached single family house with a backyard in the city for 125k and pay up your 1% interest rate mortgage within 10 years while your wife keeps it clean and drinks herself to death while resenting you daily, like any civilized 30 year old with a job for life and guaranteed payout pension does!
Is the /s really necessary?
Is the /s really necessary?
Depending on the age range, someone might think you are being serious. I’d just leave it.
Landlords out here in lemmy dot marxist lenninists comments deadass pretending their right to steal wealth is more important than ones fundamental human right to housing.
Let this be your reminder that “Landlords” do nothing of value. Anytime they claim they are, they are doing the work of an occupation that possibly does, like an electrician or developer or architect or carpenter or handyman or painter or realtor. Ticket scalpers don’t create tickets. Don’t let these antisocial freaks rewrite the dictionary, or excuse their own refusal to read anything about their own behavior.
If they try to cosplay as a pitiable person who only owns a house and doesn’t want to be broke, tell them that their victims don’t want that either, and only the landlord hates working for a living more than they hate parasitizing the wealth others. Their “ethical and reasonable” rent seeking is enabled by the threat of violence from the other “unreasonable” rent seekers, therefore acting as a single unified class.
They could have sold their houses to profit, but that’s not enough for them. They must do their part to squeeze every drop of blood from that soil so that they don’t accidentally decomodify housing even slightly by providing their smidge of housing to the captive market.
Read On The Rent of the Land. Fuckers.
Sir, this is a meme community
Man. Every time I see it again spelled out, how smooth these disingenuous decrepit assholes had it when they were my age, I start wishing for a claymore and a stump.
Paying a bank hundreds of thousands of dollars in interest is also robbery. what did the bank do? Were rich and did paperwork. Wow so irreplaceable and valuable. Think of all the poor people they swindled to get there! Amazing 😍
The bank isnt even that rich… They are allowed to just dream up the money from nothing and lend it to you.
And if you miss a payment, they get to reposses a real asset.
This is the biggest scam in history. The bank lends you imaginary money, and then reposesses a real asset
But Isn’t that how all business works?
Customers pay for things and that payment pays to keep the business going.
Something Something housing should be a right not a business
The business in this case being what? What good or service is being provided? Landlords didn’t create the land, nor did they build the residence, nor did they improve its value by building a community around it. They are benefiting off of the work of others simply because they “own” it. The most common arguments I hear in support of landlords are:
- Landlords take care of maintenance. Maintenance costs don’t increase 20% a year. If rent was simply maintenance costs it would be a fraction of what it currently is
- Landlords allow people who cannot afford a home a place to stay. Why do you think they can’t afford a home? It’s like saying without scalpers people wouldn’t be able to see concerts because the tickets are instantly purchased by bots.
Landlords take on risk. For example, when I rented an apartment, I came home one day to a plumbing disaster. I called emergency maintenance and left. The landlord fixed it and paid for my hotel in the meantime. As a home owner now, that would be entirely on me to figure out. I’m pretty handy, but I have no disrespect for someone who doesn’t want to be responsible for that.
More importantly, selling a house costs about 10% of the value of the house, and the first few years of a mortgage you’re mostly paying interest. If you move every 3 years, it’s actually cheaper to rent than to buy. It’s just that your money is going to a landlord instead of to banks and realtors.
So while I see your argument that landlords don’t “deserve” the money they make, practically they’re an important part of the housing market, and I respect people who make an informed decision to rent.
And people who have no choice but to rent, and get fucked over repeatedly because of it?
What do you mean no choice? There’s always a choice.
Realistically many people don’t have a choice to buy, because they don’t have the credit score, reliable income, or down payment, but I don’t see why that blame falls on landlords and not on the banks or the government?
Because plenty of folks would have a solid down payment, or better credit score, if rent wasn’t so damn high. Likewise affordable rent would make it easier for folks to move to places where they could get the type of stable job necessary for a mortgage, etc. It’s not the only reason folks don’t have the economic resources at hand, but it’s usually the biggest expense in ones budget, no?
Greedy landlords are the problem, imho, and unfortunately every landlord except exactly one I’ve rented from (out of about ten in total) have been greedy assholes.
As for a fix: housing is a right, imho. I’m not an economist so anything I offer will be full of holes, but some way of securing that people have stable, safe, comfortable housing is essential. Making sure people can’t exploit the need for shelter is a big component of whatever fix we need.
Is this post saying that if the landlord CAN afford the house without you paying rent, then it’s justified, and in that case they ARE providing you housing?
Thanks for reminding me to pay rent today :/
Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don’t see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.
There are very few jobs that actually give annual raises that keep up with inflation. You are no better than corporations that raise the price of food for no reason, other than following an arbitrary market metric(inflation) You should give your tenants 3 months free rent for Christmas, and give them the option to buy the properties from you for what you bought them for, and get a real job.
What part of 25% below market makes you compare him to the food oligopoly? He likes trouble-free tenants, and I’m pretty sure his tenants like this arrangement too. By contast, you come off as very tiresome. Do you have any skin in the game? What are you doing to help make housing affordable? Do you do anything besides exemplify why having revolutionaries in charge would be terrifying?
What part about 25% below market makes them a hero, while they are actively hoarding properties keeping prospective buyers out of the market, raising prices to keep up with “inflation” on a commodity necessary for survival IS the exact same thing the food oligopolies are doing. And wtf are you on about having skin in the game? I pay $1700 a month in a rent controlled apartment and have no hope of buying a actual property in the market i live in without having to move hours away from work. I would love to hear what you think i should be doing to help make affordable housing, cause if its within my means, ill do it.
I pay $1700 a month
I charge that same amount for my rental that is two blocks from the beach. 1600sft with a garage. The unit next to me just sold for 1.4 million. I highly doubt I’m contributing to the problem.
I also offer my tenants the option to buy the properties they live in but the property will be owner financed with the condition that it is appraised at time of “sale” and second sale gain is split with equity position. Again I’m only looking to make 7% return on my investment inflation adjusted. If they want out and they bought, I get the upside on market rate (with whatever equity position I hold). But the tenant at least keep whatever equity they grew and they get upside on their equity position.
None of my tenants have taken the deal. I think it’s more than fair.
