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> you need landlords of some form if you have anything denser than a duplex Why? What value do they provide, other than having a bunch of money upfront? I’d ar

by bbor 3y ago

> you need landlords of some form if you have anything denser than a duplex Why? What value do they provide, other than having a bunch of money upfront? I’d argue there are many, many ways to fund building construction other than for-profit ownership

loeg 3y ago
> What value do they provide, other than having a bunch of money upfront? Providing capital is useful! You can't just ignore that.
- Scarblac 3y ago
  Yes, but that's what banks and mortgages are for already.
  - loeg 3y ago
    If that is the only function, why don’t renters buy instead of renting?
- bbor 3y ago
  Why don’t they issue a loan then, and get paid back with interest? It’s insane that our system, by design, has an underclass that is earning WAY less because they can’t afford the entry price for a home, so all their rent for years and years goes into someone else’s pocket instead of their own equity. IMO
  - bombcar 3y ago
    For the same reason the banks won’t lend to the same people. Sure, some renters can qualify for a home loan and choose not to, but not all can. And it’s much much much easier to eventually evict someone and lose thousands than to try to get loaned money back from someone who is judgement proof, losing hundreds of thousands.
    - bbor 3y ago
      I’m assuming you’re also not in the business of having long fundamental disagreements on days old posts so I won’t try to convince you, but just so you can see my perspective: I think you’re focusing too much on the microeconomic dynamics in your defense of the system, when we want a macroeconomic overhaul. In other words, at some level socializing that risk to solve this huge inequity. I think you’d agree that we could fund a national/regional/global system that would provide a sufficient safety net for a system where everyone is paying into some kind of equity for their land. You just don’t agree that it’s worth it / sets the right incentives / a bunch of other reasons I could never think of that I’m sure are sound. But I hope you see why taking the “but everything’s on fire!!!!” macro perspective is appealing in theory :)
austhrow743 3y ago
They provide there being someone to rent from.

by bbor 3y ago

loeg 3y ago

> What value do they provide, other than having a bunch of money upfront? Providing capital is useful! You can't just ignore that.

Scarblac 3y ago
Yes, but that's what banks and mortgages are for already.
- loeg 3y ago
  If that is the only function, why don’t renters buy instead of renting?
bbor 3y ago
Why don’t they issue a loan then, and get paid back with interest? It’s insane that our system, by design, has an underclass that is earning WAY less because they can’t afford the entry price for a home, so all their rent for years and years goes into someone else’s pocket instead of their own equity. IMO
- bombcar 3y ago
  For the same reason the banks won’t lend to the same people. Sure, some renters can qualify for a home loan and choose not to, but not all can. And it’s much much much easier to eventually evict someone and lose thousands than to try to get loaned money back from someone who is judgement proof, losing hundreds of thousands.
  - bbor 3y ago
    I’m assuming you’re also not in the business of having long fundamental disagreements on days old posts so I won’t try to convince you, but just so you can see my perspective: I think you’re focusing too much on the microeconomic dynamics in your defense of the system, when we want a macroeconomic overhaul. In other words, at some level socializing that risk to solve this huge inequity. I think you’d agree that we could fund a national/regional/global system that would provide a sufficient safety net for a system where everyone is paying into some kind of equity for their land. You just don’t agree that it’s worth it / sets the right incentives / a bunch of other reasons I could never think of that I’m sure are sound. But I hope you see why taking the “but everything’s on fire!!!!” macro perspective is appealing in theory :)

austhrow743 3y ago

They provide there being someone to rent from.