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I appreciate that you're honest about wanting to ban renting residences. That said, I see renting as a good option for many people. For example, I didn't have
by anamax 5y ago
I appreciate that you're honest about wanting to ban renting residences.
That said, I see renting as a good option for many people.
For example, I didn't have the money to buy after college so I rented.
Even if I could have bought, I probably wouldn't have because I was reasonably sure that I wanted to move in a year or two.
If there weren't rentals, what should I have done?
- Arainach 5y agoApartments are perfectly fine and should be encouraged, as they're dense and serve an important purpose. That's not what's happening with AirBnB. That's turning the limiter supply of ownable property (condos and houses) into short term rentals for the owner's profit at the community's expense. Also, I never said that outright banning is the proper option. Heavy taxation on strictly limited rental options (liter to a level where the community is still able to thrive) is also reasonable.
- stouset 5y agoYes, we understand that AirBNB is having negative effects on communities. Perhaps something should be done. But banning “investment properties” in a way that de facto bans rental units is not only a nonstarter but also a terrible idea in general.
- Arainach 5y agoWhy? I'm not saying rich people can't have their second place on the lake or that companies aren't free to build apartment complexes. What benefit to society does allowing businesses and landlords to own portfolios of single family homes and rent them out offer?
- disgruntledphd2 5y agoWho will rent houses to people who can't afford homes?
- matt74827289 5y agoPeople can't afford homes because investors are buying them all at high price to turn around and rent them out.
- stouset 5y agoSome people can't afford homes because investors are buying them. There is zero reason to believe that prohibiting investment properties would allow everyone to afford a home.
- totony 5y agoJust like not everyone can afford a rent. The point is to make things better not to fix homelessness.
- stouset 5y agoAnd you genuinely think that reducing the number of available rental units would make things better for the overwhelming majority of people who currently can't afford to purchase a home outright?
- totony 5y agoReducing the number of available rental units this way would increase the amount of dwellings available to purchase (and reduce prices). Do you think rental is the only way one can have a dwelling?
- anamax 5y ago> Do you think rental is the only way one can have a dwelling? That's rich coming from someone who thinks that owning should be the only way to have a dwelling. No, I don't think that renting is the only way to have a dwelling. However, I do think that renting is a better option than owning for many people. Moreover, I don't think that telling people how they should and shouldn't have dwellings is good.
- anamax 5y agoAs I pointed out, your "residences can't be investment properties" rule bans apartment houses. If you intended to talk only about very short-term rentals, you should have made that clear a couple of messages ago.
- totony 5y ago>For example, I didn't have the money to buy after college so I rented. I think that's the main issue. One of the reasons housing is so expensive is because it's an avenue for investment/infinite growth. Maybe if you didn't have to outbid people that think houses are invesment you could have bought a house/afforded a mortage. Land scarcity/livable land is the thing that makes housing expensive. Allowing people to use that to make profit is unethical.