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In the future, only investment firms will own homes and everybody will be renting their whole life. At the end of their lives, they will have no inheritance to
by lamp987 3y ago
In the future, only investment firms will own homes and everybody will be renting their whole life. At the end of their lives, they will have no inheritance to pass on to their children.
You will own nothing.
- pphysch 3y agoYep, corporate feudalism. But feudalism tends to end in (violent) land reform.
- em-bee 3y agonot feudalism, because these corporations can be well regulated and renters rights protected by law.
- FractalHQ 3y agoNot if the corporations write the laws.
- pphysch 3y ago"not feudalism, because these lords are men of God", etc.
- em-bee 3y agolords claiming some rights supposedly ordained by god is quite different from a democracy that enacts laws that protect the rights of its citizens, especially the weaker ones. just because that doesn't happen in the US doesn't mean it can't happen, because it actually does in most of europe and other countries too.
- pphysch 3y agoThey really aren't that different. Laws are twisted and changed and ignored by powerful people, whether those laws are divine or constitutional.
- stu432 3y agoFeudalism didn't end in violent land reform, it largely ended after a pandemic that killed off a significant number of the workforce and it became a sellers market for the serfs. Turns out we just crippled the world economy for decades avoiding the sequel.
- pphysch 3y agoThere is more to human history than Western European history. Feudalism has emerged and failed in many places. https://en.wikipedia.org/wiki/Land_reforms_by_country https://en.wikipedia.org/wiki/Land_reforms_by_country
- em-bee 3y agorenting from a big company is way preferable to having a landlord who is renting you their only property and is picky about every little thing you do to their house. the big business only cares about getting their rent in time. if there is something damaged, the maintenance department takes care of it. at least in germany responsibilities and rights are regulated by law, and the businesses know what they can and can't do. a small landlord takes every issue personal, and you have to negotiate. i don't live in the same city as my parents, and i'd have no use for any property i would inherit from them. so yeah, your future is my preferred reality.
- ThunderSizzle 3y ago> if there is something damaged, the maintenance department takes care of it. I saw some of these properties (Progress Residential) and the properties were not maintained in the slightest. These were move in ready propeties that haven't had an ounce of cleaning or maintenance. They'll take your rent, ignore your maintenance beyond the required minimum and evict you if you don't pay.
- em-bee 3y agoi was talking about germany, you are talking about the US. the US has weak protection for renters, and that's why something like this is allowed to happen. the "required minimum" is quite different in germany, so this is very unlikely to happen in there, because renters would have the right to reduce the rent they pay until such issues are resolved. as i said, laws to protect renters are a necessary part to avoid this.
- genocidicbunny 3y agoWell, most of us are talking about the US because the article is about US renters, not German ones. And the reality of renting in the US would treat your opinion fairly unkindly if you were to apply it here.
- em-bee 3y ago