cm0002Council housing when?
terraborraLook, what I’d say to you is, that we are laser focussed on delivering outcomes that synergise with our plan to get on with undoing the housing crisis the Labour created.
henfredemarsThey actively colluded through price-fixing software, and very little is done about it.
mosiacmangoLina Khans FTC sued them, but you can bet that will be quietly dropped soon.
Some townships and counties have strict regulations and housing authorities which make coops and communal housing difficult, rarely intentionally but often as a result of requiring liability and responsibility for repairs and outcomes.
That said, there is a big push in a lot of cities such as Denver which is allowing more options.
RivalarrivalTo the occupant, “Land Contracts” are probably the most rent-like alternatives to actual rent.
I would draw a big target on institutional investors, by jacking property taxes through the roof, while issuing “homestead” exemptions to owner occupants. As soon as we do that, every landlord (who doesn’t live on the property) is going to get hit with a massive tax bill…
OR
… they are going to find some way to make their “tenant” qualify as the “owner”.
Here’s where “Land Contracts” come in. These are a form of seller financing. They are recorded by the county, much like a deed. The “buyer” is considered the owner.
With a land contract, you pay a fixed monthly payment, much like a mortgage. That payment normally doesn’t change for the life of the contract: You aren’t going to face a steep rent hike every year.
For the first three years, you are free to walk away from the property, just like leaving a rental. Ownership simply reverts to the seller.
After three years, your previous payments are considered the “down payment” on the property. The contract converts to a traditional mortgage. You continue to make the same payments, but now, you have equity in the home.
So, you can get the short-term flexibility of renting, but if you realize you’ve settled down, you’re already well on your way to ownership.
Landlords get a way to claim that the property is occupied by the “owner”, and avoid the massive tax hike.
Adopting this, the only properties that will remain “for rent” will be the spare units in duplexes, triplexes, and quadplexes, where the landlord occupies one of the units.
Land Contracts and Contracts for Deed aren’t considered mortgages so they lack tax incentives as well as legal protections for buyers and sellers, but yes I do agree that a long term contract beats a monthly rental agreement in terms of locking in a rate.
Sometimes you can get trapped in a contract that would disqualify all your payments up to that point if it doesn’t have terms about cashing in your equity unless you pay the full amount due via selling to a third party or getting a bank loan with which you can repay via renting or selling your property like some sort of sick landlord carousel.
I definitely don’t know if I would “recommend” this route for people who aren’t well-learned in matters of real estate, if they do go this route then I absolutely insist they have a trustworthy attorney act as intermediary for the transaction.
Thank you for expanding this discussion.
Have you ever, in your life, received a rent decrease because they were matching the economic conditions…?
The only way I got that to happen is by putting in my two-month notice and then signing up for the exact same unit when they listed it. Didn’t even have to moveout and they ended up charging us the lower rate for the two weeks between our current lease ending and the new one starting.
Were you pretty sure the price would go down, or did you just roll the dice? I’ve watched prices at the places I’ve lived, and they only ever seem to go up. As in, I’m paying $1600, about to get raised to $1800, and the unit next door is listed for $1900. But one place used RealPage, and I would bet the other one used something like that too.
They had already went down by $400 for other units at the same apartment on the same floor. This was 2020, so covid lowered a lot of prices
Big brain
Housing price didn’t ever go down in most cases because of hoarding, there’s no way leeches will ever decrease the rent.
shortrounddevNo, it’s because of a lack of new supply. Most houses are owned by the people who live in them, not land lords
The only reason rent would decrease in response to economic conditions would be if they started building tons and tons of houses and supply began to outpace demand. OR, your country were experiencing deflation, which is bad
Property tax needs to go up exponentially with the quantity that you own
And companies own, or even better that better have some good reasoning for buying a property that’s for living.
With an exemption for the first 5 years after building. Companies and investors need to be incentivised to build property not hold onto it.
The incentive to build new housing is to then turn around and sell that housing, they don’t need an incentive, they need permission.
They could also tie it to occupancy. If a functional residence goes more than half the year without someone living in it, property tax is quintupled.
There’s danger to writing such a law correctly, unfortunately. I recall something in Ecuador where people were leaving extensions to their home just barely unfinished so that they could avoid certain residence laws until they had a buyer.
Wait? There’s NZ memes /community here?
Also peak meme!
So odd seeing ‘the human thumb’ here. NZ is an embarrassment and this twat is NOT helping
Sorry, I’m new here. Apparently I haven’t enabled my notifications.
But yes it is embarrassing, for him and for us
I was about to say, that landlord looks super familiar
Lol my landlord literally told me that
Excrubulent“It’s the market” is another way of saying “because I can”.
They don’t have to raise the rent to match the market, the market is simply a signal to them that if they lost you by raising the rent, they could potentially replace you for the same or higher rent.
They could ignore that and leave your rent alone. They don’t. It’s a choice.
I wish something could be done about this.
If only a hero could rise up…
A real bro
A super bro
A super Mario bro
Super Mario’s bro
A super bro
A super Mario bro
Super Mario’s bro
I mean, every year my rent increases, which is not equally compensated for by what I earned at work. So every year I have less to spend each month.
The thing that pisses me off is that I’m not Asking to be able to afford a house. I already gave up on that a long time ago. I’m only asking to be able to stay at a place that I’ve been living in for 10 years. And by the way, moving is also super expensive. On top of that, let’s say I did move to a place where the rent is cheaper initially, the rent is gonna be increasing every year there too.
I’m just trying to live a stable, modest life without having a panic attack every time I see her, no tape to my door (which usually signifies a rent increase notification).
I really wish something could be done about this.
I’m fully with you. I just want to have a roof over my head, have some time for hobbies, and be able to afford cheese at the supermarket. Alas, apparently we’re asking for too much! How very selfish of us.
I would also like to add that I earn above a minimum wage. It’s by no means a stellar income, but it’s decent. And I live with my mom, so we split the rent.
And somehow I’m here stressing over whether I’ll be able to afford my place of residence a few years from now because my building got purchased by a big real estate company. This is not okay. I really want there to be some change, but I don’t know what can be done.
Would you be willing to do it in a town of 3,000 people?
If you have to move to bumfuck nowhere to afford food and housing, the system isn’t working
Have you heard of supply and demand?
Omg wow ty for explaining basic economics to me!! Where ever would a poor little girlie like me be without your words of wisdom! You’re so right tho, I’m soooo entitled!!! Can you IMAGINE wanting a place to sleep and eat?! The fucking audacity of it.
Great advice btw all the povos struggling to make ends meet should use the savings they don’t have to quit their jobs in the city and move to a “town of 3000” where they can be jobless, without a support network (because poor people famously don’t have dependants and can just fuck off anytime) AND be poor!! Fantastic advice king.
Also empathy is woke and real men would rather kill themselves than ask for help 🥰 that sound about right to u?
See, that’s the problem. You people think it’s all-or-nothing.
The real problem is you reduce individuals that don’t share your values to “you people”. You accuse me of not seeing nuance, but turn around and do the same yourself.
You’re part of the problem that increases the disparity in wealth, yet you have the audacity to attack people who criticize you for it.
You’re entitled. You’re greedy. You’re a proud consumer. Instead of getting mad at me for point out these facts, you should start to value different things so you’re no longer part of the problem.
You accuse me of not seeing nuance, but turn around and do the same yourself.
I bet that sounded nice in your head, but it doesn’t really hold any relevance here.
You should be a novelist with all this fiction you’re writing about a person you don’t even know 😂 fucking twat lol
The thing that pisses me off is that I’m not Asking to be able to afford a house. I already gave up on that a long time ago.
Sigh. This is part of the problem. We need to value ownership more than renting.
I can’t afford a down payment. You can’t buy a decent house in Cali for less than a mil. I get it. Paying rent sucks (with the advantage of not having to pay your repairs). But I can’t afford a house at this point. Just can’t afford to save enough money. So although I know it’s more optimal, I’m okay with paying rent in the current market. I just can’t deal with the constant increases.
I think you get my point though. Paying rent is not optimal, but a person with a decent job should be able to afford it.
Uriel238 [all pronouns]It’s a Wikipedia day, today.
No one is forcing you to raise your prices you cunt.
no, and they’re eager to, but I think if they ever tried to not, things would go badly. that’s bad for the market and drives down everyone elses profits. there would be a lot of solidarity against them by the class of people that own the police.
SoftestSapphic“Everyone elses profits” means other landlords and property owners, not people who plan on living in their home.
Why does being a landlord need to be profitable? Why does bring privlaged enough to own a human right come with the right to free money?
because capitalism needs to function like cancer. shit’s built on old imperialist logics, where you must always be claiming more. red queen’s race bullshit. or cancer; pick your metaphor.
it must be profitable because while productivity increases, due to imperial conquest and advancing technology, the profits of the owning classes (remember; this is the literal definition of capitalism-value being produced by owners rather than workers. yes it’s insane, they are insane, this system is insane.) must also increase.
the fact the working class have no more to squeeze from just means we get closer and closer to slaves, which is maybe intentional, maybe just a cool bonus for them.
there’s a cool poem that explains it. check out part 2 poets.org/poem/howl-parts-i-ii
Not necessarily true. There are powerful cultural forces at play that they’re not willing to acknowledge, yet alone overcome.
We’re kind of in the same boat. We think that if we have more, then we deserve more before those who have less. That’s just what these people are doing, only they’re doing it way better than us.
Abolish Capitalism When?
The core problem is capitalism, landlording is merely a symptom of capitalism.
capitalism is the idea that value comes from ownership, rather than labor. landlording is just the purest expression of capitalism.
That’s not really true, per Smithian capitalism but Smith also called landlords parasites so
uh huh. I think the value of stuff should go to the people who made it, who can, individually or as (a) group(s) maintain their own fucking tools. or towards a broader project of building a society. I don’t think concentrating wealth or some edgelord bullshit about greed being good are sustainable healthy or sane ways to structure distribution of resources in a society.
The core problem is consumerism. The idea that if you have more, then you should get more and spend more while complaining you don’t have enough.
I keep telling my friends rent is going up every 2 years.
Looks like it’s about that time.
I use these memes to gradually radicalize my friends and family 👍
Build more housing.
Doesn’t work if landlords just buy that too.
Needs proper regulation
You’re wrong, building more housing is THE solution. The vast majority of homes are owned by people who live in them, not landlords. Building more housing is literally the ONLY solution.