5 ms·
It seems like this is a common theme in every city these days - people are forced out of their neighborhoods by high RE prices and as a result high cost of livi
by readhn 8y ago
It seems like this is a common theme in every city these days - people are forced out of their neighborhoods by high RE prices and as a result high cost of living.
Perhaps one way to address this could be to modify outdated landlord laws - make it so it is prohibitively expensive to be a landlord in a major city or to be a landlord period. There is no need for landlords these days, its an outdated concept that must die off, just like landlords from centuries ago.
Also, perhaps introduce rules prohibiting city transformation into one big "shopping mall".
- deleted 8y ago[deleted]
- closeparen 8y agoSo the only way to get housing should be to come up with a down payment, qualify for a mortgage, and accept all the risk and transaction costs of owning? This will increase affordability?!? What should kids fresh out of college do?
- shatteredvisage 8y agoLol what? So what do you actually propose?
- ebiester 8y agoBefore critiquing your argument, I'd like to know what your vision of the landlordless world is. What happens when someone cannot afford a down payment? This is two use cases: One is for people who are early in their career and have not acquired a down payment, and the other is for people who have low incomes and can't save. What happens when someone will not live in an area for more than 3 years? For more than a year? A common rental pattern is "I can't sell it yet, so I'll rent it for a few years to avoid losing too much money." (The transaction costs in realtors, home inspections, and closing costs are substantial, and the growth via inflation help mitigate that cost.) I mean, we can go back to slums but I don't think that helps anyone.