4 ms·

In my view, corporate landlording is a relic of the past and really has no place in a progressive society. The financialization of housing stock in the USA wher

by crmd 2y ago

In my view, corporate landlording is a relic of the past and really has no place in a progressive society. The financialization of housing stock in the USA where I live has been a disaster.

astrange 2y ago
You're just trying to ban apartments here. Corporate SFH housing basically doesn't exist but mom and pop large apartments don't either. Also, corporate landlords can actually afford to maintain their buildings, which is a nice improvement over small ones.
- thereisnospork 2y ago
  I mean, is banning property rental so absurd? Drastic sure, but what about apartments couldn't be filled either by co-ops or condos with some choice carveouts for short term rentals and the like. "A month's rent less HOA fees may not translate to not less than 1/360th of an ownership share of the rented space" would be the 1 liner policy statement.
  - astrange 2y ago
    What if you want to live somewhere for less than 7 years / can't afford a mortgage and maintenance costs / the coop board doesn't personally like you / the coop board is racist and you're a minority? (All of these are real issues.)
- wrl 2y ago
  was living in a building owned by a corporate landlord until late last year. they took two years to fix a major roof leak and in the end only fixed it because i hired a lawyer. on paper, corporate landlords should have better-maintained housing stock. in practice, i've never personally experienced it.
- ejstronge 2y ago
  > You're just trying to ban apartments here. Corporate SFH housing basically doesn't exist but mom and pop large apartments don't either. This definitely isn't true - there are markets where apartments aren't allowed/desirable, and in which corporate actors 'build to rent' entire subdivisions.s
  - astrange 2y ago
    That's rare though. Build to rent an entire subdivision is a risky business because there are so many unpredictable costs involved with owning that many houses, and you have to maintain them even if they're not being rented out. It's much more common to build them and then sell them off so the family owning it has to deal with it. As I said, that's why the average landlord in the US owns two properties. Apartments have the opposite situation for weird legal reasons; there are almost no condos built in California anymore because the laws allow the original developer to get sued over quality issues, whereas for apartments the landlord has to deal with it.
    - ejstronge 2y ago
      It is rare in my part of the world, but it isn't (currently) rare in places where roofs don't have to withstand snow. No comment on the historical trend. > Apartments have the opposite situation for weird legal reasons; there are almost no condos built in California anymore because the laws allow the original developer to get sued over quality issues, whereas for apartments the landlord has to deal with it. This feels like it confuses a couple of issues - one really needs to know the recourse a homeowner has against a home builder and how long this lasts (and to compare that recourse to what is available to condo owners)

by crmd 2y ago

In my view, corporate landlording is a relic of the past and really has no place in a progressive society. The financialization of housing stock in the USA where I live has been a disaster.

astrange 2y ago

You're just trying to ban apartments here. Corporate SFH housing basically doesn't exist but mom and pop large apartments don't either. Also, corporate landlords can actually afford to maintain their buildings, which is a nice improvement over small ones.

thereisnospork 2y ago
I mean, is banning property rental so absurd? Drastic sure, but what about apartments couldn't be filled either by co-ops or condos with some choice carveouts for short term rentals and the like. "A month's rent less HOA fees may not translate to not less than 1/360th of an ownership share of the rented space" would be the 1 liner policy statement.
- astrange 2y ago
  What if you want to live somewhere for less than 7 years / can't afford a mortgage and maintenance costs / the coop board doesn't personally like you / the coop board is racist and you're a minority? (All of these are real issues.)
wrl 2y ago
was living in a building owned by a corporate landlord until late last year. they took two years to fix a major roof leak and in the end only fixed it because i hired a lawyer. on paper, corporate landlords should have better-maintained housing stock. in practice, i've never personally experienced it.
ejstronge 2y ago
> You're just trying to ban apartments here. Corporate SFH housing basically doesn't exist but mom and pop large apartments don't either. This definitely isn't true - there are markets where apartments aren't allowed/desirable, and in which corporate actors 'build to rent' entire subdivisions.s
- astrange 2y ago
  That's rare though. Build to rent an entire subdivision is a risky business because there are so many unpredictable costs involved with owning that many houses, and you have to maintain them even if they're not being rented out. It's much more common to build them and then sell them off so the family owning it has to deal with it. As I said, that's why the average landlord in the US owns two properties. Apartments have the opposite situation for weird legal reasons; there are almost no condos built in California anymore because the laws allow the original developer to get sued over quality issues, whereas for apartments the landlord has to deal with it.
  - ejstronge 2y ago
    It is rare in my part of the world, but it isn't (currently) rare in places where roofs don't have to withstand snow. No comment on the historical trend. > Apartments have the opposite situation for weird legal reasons; there are almost no condos built in California anymore because the laws allow the original developer to get sued over quality issues, whereas for apartments the landlord has to deal with it. This feels like it confuses a couple of issues - one really needs to know the recourse a homeowner has against a home builder and how long this lasts (and to compare that recourse to what is available to condo owners)