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Oh no, the absolute horror. Homeowners will end up having actually spent money to have somewhere to live instead of making more money just by virtue of owning a

by Zircom 3y ago

Oh no, the absolute horror. Homeowners will end up having actually spent money to have somewhere to live instead of making more money just by virtue of owning a home. Plenty of people are already living that reality, it's called renting.

zdragnar 3y ago
Who do you think you rent from?
- Zircom 3y ago
  A corporation that owns hundreds of homes, and I can say with a completely straight face that the world would probably be better off without them.
spiderice 3y ago
So your solution to people currently getting screwed is to screw more people? And you wonder why these policies don’t make it through.
- Zircom 3y ago
  If we want to fix the situation someone is eventually going to end up with the short end of the stick. I don't think it's entirely unfair that the people that have benefited for decades from the current situation end up with said short end. I've been renting for the last 10 years, the house I'm in now is estimated to be worth $300,000. My rent payment is 2500. 2500 x 10 x 12 = coincidentally, $300,000 exactly, that I'll never see again. So someone who owns an equivalent home for the same amount of time, if it were to suddenly have the value plummet to $0, would still come out ahead of me because they'd only be losing the equity they've put into their home. And that's still not a fair comparison, because there's almost no way it'd become utterly worthless, so they'd still be left with something to show for it even if it loses a significant percentage of its value. Housing is a basic human need for survival, to be 100% honest I don't feel that bad that the people that have been willfully participating in a system that only works by screwing other people over may lose some money when the people getting screwed over have had enough and try to change things.
- tamimio 3y ago
  Technically yes, “screwing” the ones that screw other people definitely will even things out and fix it, and it will reduce the gap too, however, that's something no democratic government will do when that said government needs those voters and the sponsor from corps. So democracy is the problem in this issue.
mdgrech23 3y ago
A lot of people borrow against their house in the form of a HELOC. If you run into the case where people owe more than it's worth a lot of for better or worse are going to walk away and the real estate market will crash. This is where home owners have a lot of power.
freedomben 3y ago
Given that a lot of people's retirement wealth is largely in their home, and that they've planned and worked toward this for 40 to 50 years, this is a remarkably calloused take. I agree the current system has absurdities and needs to be changed, but rapidly disrupting the system and dismissing people's devastation with a "lol" is how you start political wars. I suspect this attitude is one of the main drivers behind the contemporay political polarization that is ruining friendships, marriages, and families. The only way we are going to be able to fix our broken system is with physical force where the victor gets to impose their beliefs on the others, or with empathy where people genuinely seek to understand the impact of things on others and work towards ideal solutions. I certainly hope the latter is what society chooses.
- Zircom 3y ago
  You're right, the snark was unnecessary, but to be 100% honest no I don't feel that bad that the people that have been willfully participating in and profiting off a system that only works by screwing other people over may lose some money when the people getting screwed over have had enough and try to change things. Just by living in the US and participating in our modern society here I am myself in a similar situation, and I'm not exactly a political activist dedicating my life to changing the status quo, but if and when the people we're exploiting to fund our current lifestyle start fighting for a better life I'm not gonna be telling them that they need to stop and think about the effect their demands would have on our lives.
  - tamimio 3y ago
    > You're right, the snark was unnecessary, Maybe, but you are absolutely right, that “snark” is merely a thing out of frustration from people who can not buy houses, while home owners from previous generations have the audacity to lectures the new generation about their “attitude”, attitude will be the least thing to worry about in the near future from these angry young people who can not even afford rent.
dang 3y ago
Can you please not post in the flamewar style on HN? You can make your substantive points without it, and we're trying for something else here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- Zircom 3y ago
  You're right my apologies, the snark was unnecessary. Will keep that in mind if I choose to continue discussing in this thread.
  - dang 3y ago
    Appreciated!

by Zircom 3y ago

zdragnar 3y ago

Who do you think you rent from?

Zircom 3y ago
A corporation that owns hundreds of homes, and I can say with a completely straight face that the world would probably be better off without them.

spiderice 3y ago

So your solution to people currently getting screwed is to screw more people? And you wonder why these policies don’t make it through.

Zircom 3y ago
If we want to fix the situation someone is eventually going to end up with the short end of the stick. I don't think it's entirely unfair that the people that have benefited for decades from the current situation end up with said short end. I've been renting for the last 10 years, the house I'm in now is estimated to be worth $300,000. My rent payment is 2500. 2500 x 10 x 12 = coincidentally, $300,000 exactly, that I'll never see again. So someone who owns an equivalent home for the same amount of time, if it were to suddenly have the value plummet to $0, would still come out ahead of me because they'd only be losing the equity they've put into their home. And that's still not a fair comparison, because there's almost no way it'd become utterly worthless, so they'd still be left with something to show for it even if it loses a significant percentage of its value. Housing is a basic human need for survival, to be 100% honest I don't feel that bad that the people that have been willfully participating in a system that only works by screwing other people over may lose some money when the people getting screwed over have had enough and try to change things.
tamimio 3y ago
Technically yes, “screwing” the ones that screw other people definitely will even things out and fix it, and it will reduce the gap too, however, that's something no democratic government will do when that said government needs those voters and the sponsor from corps. So democracy is the problem in this issue.

mdgrech23 3y ago

A lot of people borrow against their house in the form of a HELOC. If you run into the case where people owe more than it's worth a lot of for better or worse are going to walk away and the real estate market will crash. This is where home owners have a lot of power.

freedomben 3y ago

Given that a lot of people's retirement wealth is largely in their home, and that they've planned and worked toward this for 40 to 50 years, this is a remarkably calloused take. I agree the current system has absurdities and needs to be changed, but rapidly disrupting the system and dismissing people's devastation with a "lol" is how you start political wars. I suspect this attitude is one of the main drivers behind the contemporay political polarization that is ruining friendships, marriages, and families. The only way we are going to be able to fix our broken system is with physical force where the victor gets to impose their beliefs on the others, or with empathy where people genuinely seek to understand the impact of things on others and work towards ideal solutions. I certainly hope the latter is what society chooses.

Zircom 3y ago
You're right, the snark was unnecessary, but to be 100% honest no I don't feel that bad that the people that have been willfully participating in and profiting off a system that only works by screwing other people over may lose some money when the people getting screwed over have had enough and try to change things. Just by living in the US and participating in our modern society here I am myself in a similar situation, and I'm not exactly a political activist dedicating my life to changing the status quo, but if and when the people we're exploiting to fund our current lifestyle start fighting for a better life I'm not gonna be telling them that they need to stop and think about the effect their demands would have on our lives.
- tamimio 3y ago
  > You're right, the snark was unnecessary, Maybe, but you are absolutely right, that “snark” is merely a thing out of frustration from people who can not buy houses, while home owners from previous generations have the audacity to lectures the new generation about their “attitude”, attitude will be the least thing to worry about in the near future from these angry young people who can not even afford rent.

dang 3y ago

Can you please not post in the flamewar style on HN? You can make your substantive points without it, and we're trying for something else here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

Zircom 3y ago
You're right my apologies, the snark was unnecessary. Will keep that in mind if I choose to continue discussing in this thread.
- dang 3y ago
  Appreciated!