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Well have you charged less than market rate for rent? I had a place for 10 years that I was charging about 60% market rate on because the lady was old and lived

Well have you charged less than market rate for rent? I had a place for 10 years that I was charging about 60% market rate on because the lady was old and lived off social security. I had negative cash flow on it. My other rental has a negative cash flow as well. I make good money so I can afford it. If every single person who complained about the plight of the poor actually physically went and helped the poor, their plight would be less, instead you do nothing and go vote for the politicians to do something. You wanna talk about a farce, how about this one - the politicians care about the poor. Talking to immigrant Uber drivers in SF, ironically they hate the government there and it reminds them of the corrupt ones in their own country, the one the “caring progressives” keep voting for.

Pokepokalypse 5y ago
>the one the “caring progressives” keep voting for. And the alternative is what? Keep on hoping the oligarchs will share their wealth and it will "trickle down"?
- jquery 5y ago
  It’s boggles the mind how one can look at the long arc of history and come to the conclusion caring progressives were the problem all along.
mindslight 5y ago
You blew right past "It’s self-reinforcing and resilient to small changes". The two underlying problems here are zoning policy and macroeconomic policy (ZIRP), both only changeable through politics. Directly helping other individuals doesn't stop the overall trickle-up economy from doing its thing of skimming wealth upwards. Yes, you personally can alleviate some other individuals' suffering by not turning the screws as hard, and I agree that you should where you can. But it's foolish to think that the systematic problem could be solved by everyone just choosing to go against the gradient. Also I presume when you say "negative cash flow" you are leaving out the bit about your equity increasing due to mortgage payments and bubble inflation. So you can get off your performative high horse as well - you aren't describing a charity project, but rather an illiquid savings account.
dwaltrip 5y ago
Good for you, but it doesn't seem realistic to expect large numbers of landlords to do this.

Pokepokalypse 5y ago

>the one the “caring progressives” keep voting for. And the alternative is what? Keep on hoping the oligarchs will share their wealth and it will "trickle down"?

jquery 5y ago
It’s boggles the mind how one can look at the long arc of history and come to the conclusion caring progressives were the problem all along.

mindslight 5y ago

You blew right past "It’s self-reinforcing and resilient to small changes". The two underlying problems here are zoning policy and macroeconomic policy (ZIRP), both only changeable through politics. Directly helping other individuals doesn't stop the overall trickle-up economy from doing its thing of skimming wealth upwards. Yes, you personally can alleviate some other individuals' suffering by not turning the screws as hard, and I agree that you should where you can. But it's foolish to think that the systematic problem could be solved by everyone just choosing to go against the gradient. Also I presume when you say "negative cash flow" you are leaving out the bit about your equity increasing due to mortgage payments and bubble inflation. So you can get off your performative high horse as well - you aren't describing a charity project, but rather an illiquid savings account.

dwaltrip 5y ago

Good for you, but it doesn't seem realistic to expect large numbers of landlords to do this.