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The reason the housing has turned into such a market is not because the evil overlords are deciding. It's due to overwhelming demand and the supply cannot keep
by shetill 4y ago
The reason the housing has turned into such a market is not because the evil overlords are deciding. It's due to overwhelming demand and the supply cannot keep up, so landlords have the freedom to choose any prices. The reason there is so much demand is because there are way more people on this planet now than there ever used to be. So if you want cheaper houses, solve the overpopulation problem first.
- turtledove 4y agoLandlords don't need to raise rent if their costs aren't rising.
- dazc 4y agoLandlords who acquired property 20 years will use 'market rate' as a justification. I know of someone making a living from such a building consisting of 2 small apartments and a single office. He doesn't have a job, just idols away at home at all day getting anxious about climate change and identity politics.
- shetill 4y agolandlords are definitely taking advantage of the situation, but that's a consequence of the bigger picture. In EU the constant influx of immigrants from 3rd world countries is creating demand and raising the prices while decreasing the salaries since they work for half the price and quality than locals but companies hire them regardless and they don't mind living 5 people in 2 bed flat. Moreover overseas oligarchs and cartels are buying out properties and raising the prices even more.
- matheusmoreira 4y agoLandlords don't need to raise prices. They want to. We all want to have more dollars than everyone else and landlords are no exception.
- turtledove 4y agoDisagree that this is a universal desire. We don't all want to have more money than everyone else. Plenty of us just want to have enough money to live modestly and comfortably.
- mrep 4y agoYou might, but most people do and creating policies/laws that they don't is naive and won't work.
- turtledove 4y agoSure, don't disagree. The parent poster said all. I was simply pointing out that all is the wrong word.
- matheusmoreira 4y ago> have enough money to live modestly and comfortably That necessarily means having more money than everyone else. If you don't, the people who do can and probably will make things very uncomfortable for you.
- UncleMeat 4y agoWe should enforce this with the law. Right now, landlords raise rents anyway. I've never once heard of a landlord lowering the rent once they finish paying their mortgage, even though their expenses are now far lower.
- turtledove 4y agoLet me be the first then. I've been a landlord for a decade. I've paid back each and every one of my tenants the rent I collected in surplus to costs. Adjusted upwards to reflect the appreciation of the unit. I now rent at cost, choosing to believe that it's better to help the people who live with me establish themselves and build financial safety.
- andsoitis 4y ago> help the people who live with me are you saying you and them live under the same roof? i.e. they're your roommates?
- turtledove 4y agoIn some cases we have rented a mother in law unit. Are different apartments in the same building under the same roof? I tend to be broader about community then many folks in the States. Imo, you live with the people in your local area, whether that's house, apartment building, or block.
- UncleMeat 4y agoThat's certainly remarkable. You are indeed the first person I've ever heard to do this.
- turtledove 4y agoI was inspired by someone else who did it and posted about it on Reddit somewhere a long time ago. So there are at least two, but likely many more than two of us out there.
- 4y ago
- mellavora 4y agoor maybe the zoning problem which keeps the supply down?