4 ms·

> These businesses should be paid by the landlord to occupy (and therefore maintain) the property for them. Please, ELI5, how would there be any landlords left

> These businesses should be paid by the landlord to occupy (and therefore maintain) the property for them. Please, ELI5, how would there be any landlords left if they had to pay their tenants (rather than the other way around)? Or maybe you’re arguing that there shouldn’t be any landlords?

pessimizer 4y ago
There would be as many landlords left as there were people who had a need to keep up the maintenance of property that they couldn't currently use, but planned to. The same reason why you would pay a housesitter. I hope you're not implying that society should make rules based on the preservation of the passive income of landowners. Landlords don't add value to anything; they speculatively purchased a title, and are trying to extract value from it.
- gremlinsinc 4y ago
  I'm a libertarian socialist, so while I agree landlords are often evil, I'm also a pragmatist, and don't see the entire system just changing overnight. A better more practical approach would be guaranteed basic income, and a land value tax that's somehow tied to average rent prices, so if rents go up, the land value tax goes up so much that it probably would've been better to keep rents lower than pay the higher tax. Since the money from the LVT goes towards GBI, and people's rents are being offset, the one incruing a lot of the costs is the landlord, and they don't just have a free for all. They need to double the tax though on airbnb and 'hospitality' designated residences that do short-term leases instead of long-term leases. I'd even say give some lenience for people w/ less than 3 homes (i.e. you get your home/land free/clear and 1 rental you get 10% of normal LTV, instead of the full tax), then maybe graduate it up... 4-10th house you pay 50% on, 10th+ you pay 100% on. Foreign investors should pay double the tax, if you want investment property in America, then pay other Americans who can't use those homes.

pessimizer 4y ago

There would be as many landlords left as there were people who had a need to keep up the maintenance of property that they couldn't currently use, but planned to. The same reason why you would pay a housesitter. I hope you're not implying that society should make rules based on the preservation of the passive income of landowners. Landlords don't add value to anything; they speculatively purchased a title, and are trying to extract value from it.

gremlinsinc 4y ago
I'm a libertarian socialist, so while I agree landlords are often evil, I'm also a pragmatist, and don't see the entire system just changing overnight. A better more practical approach would be guaranteed basic income, and a land value tax that's somehow tied to average rent prices, so if rents go up, the land value tax goes up so much that it probably would've been better to keep rents lower than pay the higher tax. Since the money from the LVT goes towards GBI, and people's rents are being offset, the one incruing a lot of the costs is the landlord, and they don't just have a free for all. They need to double the tax though on airbnb and 'hospitality' designated residences that do short-term leases instead of long-term leases. I'd even say give some lenience for people w/ less than 3 homes (i.e. you get your home/land free/clear and 1 rental you get 10% of normal LTV, instead of the full tax), then maybe graduate it up... 4-10th house you pay 50% on, 10th+ you pay 100% on. Foreign investors should pay double the tax, if you want investment property in America, then pay other Americans who can't use those homes.