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?
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.
Is the /s really necessary?
Depending on the age range, someone might think you are being serious. I'd just leave it.
Look at these fucking comments around us, it's clearly neccesary.
If someone thinks you are serious this would prove the dystopian reality even more haha
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.
But Isn't that how all business works?
Customers pay for things and that payment pays to keep the business going.
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 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?
Risk my ass, they take in profit off of doing nothing.
As a home owner now, that would be entirely on me to figure out.
Guess what? In the mean time, you've paid for these repairs with your rent, plus the repairs of any other property the landlord has.
If you move every 3 years
If my grandmother had wheels she'd be a bicycle.
practically they’re an important part of the housing market
Non sequitur, none of your arguments support this conclusion.
If you want the current rent model so much, do you know who could do the exact same job much cheaper? The State itself.
I live comfortably in a 2 story, 3 bedroom that I own and I'm able to put enough into savings each month that I'm easily able to afford any emergencies that come up.
Looking at local prices, I would not be able to rent of a much smaller unit where I live.
The actual 'need' for rent could be easily covered by people renting out their basement suite or having a boarder. There's no benefit to society for allowing people to purchase properties they don't live on just to profit off someone else's rent.
I'd be willing to bet you bought at least a few years ago, and probably couldn't afford the house you're in now if you had to buy it today. I'm in a similar spot. It definitely feels wrong. The rapid increase in prices in the housing market in the past few years is ridiculous. I think it's a lot more complicated than "landlords" though. I think a lot of the issue stems from restrictive zoning that prevents the construction of small homes in dense neighborhoods. A lack of respect for trade jobs also contributes, with massive shortages of skilled construction workers driving prices up.
Granted, I live in a relatively affordable smaller city. If I were in a city with a lot of real estate speculation like LA or Toronto I might feel differently. But speculators aren't landlords. I have a much bigger beef with a speculator who let's a house sit empty than a landlord renting out apartments.
The two big main ones I can think of.
They provide short term housing. If your only planning to say 1-2 years in a location it often doesn't make much sense to buy a house.
They also take on all of risk of the property.
Obviously I am not saying landlords are the greatest thing in the world but they do serve a purpose.
Two years ago I became a first time homeowner. I'm moving in 6 months and am going to keep this property and rent it out. I cannot afford to buy another house almost anywhere in the US. I will be renting. However, I closed on this place with 3% interest and pay $1500/mo for the mortgage, plus about $250 for utilities. Round up to $1800/mo. Anyone buying at today's interest and value with 20% down is looking at a mortgage of about $2300/mo, before utilities.
I absolutely resent this market, but I refuse to let this place go into the hands of anyone like Blackrock. And since I don't care about maximizing profit, I can keep the rate on the lower end and help someone live here for a few hundred a month less than they could with a new sale. I can rent it for $1700-1800/mo to cover incidentals and repair and still let a renter live here for less than a new mortgage.
I've been toying with the idea of counting every dollar the renter pays against the mortgage and selling to them at the difference when (if) rates come back down.
Certainly not ideal, and a little bit apologetic, but in this situation it's about as close as I can get to a win-win. Or least lost-least lost.
Some people don't want to be locked down to one place for long. When I was in my twenties I moved to a different town every year when my lease was up just to see if I would like it better somewhere else. Or I'd get a raise and be able to afford a better place the next year. For people that want relatively short term housing, renting is a far superior option.
If I took out a mortgage on a place and then sold it a year later, I'd have almost no equity since you pay almost all interest in the front part of the loan.
Something Something housing should be a right not a business
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?
Yeah I had the same thought, this post doesn't make a very good anti-landlord argument if in the case the renters stop paying, then both they and the landlord lose their homes.
In the same way GPU and game console scalpers were generously, out of the goodness of their heart providing GPUs and game consoles to the masses.
Thanks for reminding me to pay rent today :/
Although I agree with the sentiment - I am curious how the system works with landlords having so many unoccupied units in some cities. Especially business/commercial/industrial landlords. It keeps rent artificially high, while reducing some types of overhead I would guess.
Speculation. Some investors are more interested in holding the property until they can sell it in the future for a profit, rather than the rent they would earn now. Some landlords will have negative cashflow even if they are charging rent because they know they can sell the property for a profit later.
So if the housing market crashed like really bad, by say everybody owning multiple homes being suddenly unable to afford the loans for that many homes, what would happen?
The banks would have to repossess the properties. And sell them on the market, but with many homes to sell, the price would come down crashing.
One can dream.
Rent is robbery... But your landlord is poorer than you? What?
People with diverse skills or able to remote work, move to the Midwest and rural mountain states. Swing them blue and get all the mcmansions you want.
No one said that landlord's are poor, landlord's quite literally leech off of their tenants pay checks, making them even richer than they were to start, without lifting a finger, or contributing anything to society.
Can you do the duck one pleeese?
