6 ms·
It's nice that you as a person exist and do what you do but know that you are an exception. I'm sure some slaveowners were more decent to their slaves relative
by noobermin 2y ago
It's nice that you as a person exist and do what you do but know that you are an exception. I'm sure some slaveowners were more decent to their slaves relative to other slaveowners.
I'd say a large number if not the majority of landlords really are parasitic, they do very little upkeep especially in cities or municipalities with poor tenancy laws, but reap the benefits especially when there is high demand.
- jedberg 2y agoYou're right, most of them are awful, including the ones in Berkeley. But they still arguably provide a service, which is liquidity in the housing market. The provide housing for people who can't or won't buy it for themselves.
- jeffbee 2y agoThis housing provider myth is pretty bad. I also live in Berkeley, where I pay so much rent that my landlady covers all her expenses in 6 weeks and spend all of her time on vacation. Who is doing the providing in this scenario?
- asdefghyk 2y agoRE ".....I pay so much rent that my landlady covers all her expenses in 6 weeks ...." Exactly what are your landladies expenses ? My experience is most tenants are unaware of lots expenses and tax's and usually underestimate by at least 50%.
- jeffbee 2y agoThe building was purchased in 1978 for $19k and the taxes are $2100, less than 2 weeks of rent.
- s1artibartfast 2y agoYou have to consider the time value of money. 19K invested in stock market in 1978 would be over 1 million dollars today, maybe 2 million if you include the taxes paid since purchase.
- bugglebeetle 2y agoSo put the money in the stock market like everyone else with a 401K and stop constantly whining about getting someone else to pay off your mortgage. It’s not like what the world needs more of is real estate speculation.
- s1artibartfast 2y agoSounds fair if people stop complaining about homelessness from houses that aren't built. Roofs will be for homeowners.
- bugglebeetle 2y agoLandlords are the ones who create and profit off homelessness, so you have it exactly backwards.
- s1artibartfast 2y agoI dont think that you can view housing as a fixed quantity of resources that are being allocated. Houses dont grow on trees. They take many thousands of man-hours to build, and hundreds of thousands in materials, even in the absence of land scarcity. Landlords front the cost of these things. without them, most of the housing stock would never be built, and there would be nowhere to stay for anyone who doesnt have good credit and a pile of money.
- bugglebeetle 2y agoLandlords by and large do not build houses. They buy up existing stock and coordinate with other landlords to constrain supply and raise rents. I dunno who you think is going to believe these fairy tales, but they’re transparently false to anyone with like an 8th grade reading level: https://www.propublica.org/article/doj-backs-tenants-price-fixing-case-big-landlords-real-estate-tech https://www.propublica.org/article/doj-backs-tenants-price-f...
- asdefghyk 2y agoRe "...I pay so much rent that my landlady covers all her expenses in 6 weeks ..." THe implication here is landlord is making enormous profit. That's good because if the profit really is enormous, the government and lots of other people will be able to either buy and rent homes. OR actually build homes to rent them out. They will them be able to reduce the asking rents to such a level to just cover their costs. If not then there are unexplained expenses or risks not mentioned.