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I played CS2 for about a month at release. It was pretty broken, but playable if you didn't mind the performance issues. But the "high rent" problem drove me

I played CS2 for about a month at release. It was pretty broken, but playable if you didn't mind the performance issues. But the "high rent" problem drove me bonkers. You can specifically zone low-rent housing. But it didn't matter. They would live in houses and complain of high rent rather than move into the affordable denser housing across the street. The real question, IMO, is why does all housing in CS2 seem to be rented?

thisgoesnowhere 2y ago
Same reason as in real life over time everyone will be a renter. We subsidize landlords and as a result they have effectively unlimited capital to throw at additional properties meaning the price perpetually goes up and they have more assets to loan against to buy more properties. Then we allow them to take a depreciation value off their taxes on a asset that is appreciating in value. It's truly insane.
- hn_version_0023 2y ago
  Hear, hear!
- unstatusthequo 2y ago
  As a “land pauper,” I disagree. I have renters in Seattle and lose $1k a month because HOA and property taxes. I get zero tax breaks on the loss. Nothing. I’d kick them out and sell, but apparently Seattle is still recovering from COVID. Who knows. It was a bad investment and I learned a lot. That education was expensive. Not all landlords do well.
  - thisgoesnowhere 2y ago
    Then sell? I don't cry about the money I lost investing in startups I just keep investing. Why are you crying about the money you are losing like you are supposed to be absolutely guaranteed to make money? The reason you aren't selling is because you are lying or you believe the government should bail you out of your bad decisions.
    - labcomputer 2y ago
      Who is going to buy a house occupied with tenants and a negative $1k/month cash flow? Only someone who would pay less than the same house without tenants, which might not be enough to cover the outstanding balance of the mortgage, which means a short sale, which means you need the lender to approve (which they won’t). But sure, the GP is “crying”.
      - lazyasciiart 2y ago
        Negative cash flow is usually situation dependent. Is the OP negative because they got a mortgage for 100% of the price at 8%, hoping to quickly flip or refinance at lower rates? Ok - I'll pay cash, and without massive interest payments, I'll be positive $1k/month immediately.
      - thisgoesnowhere 2y ago
        I guess you are the former? What incentive is there to own a negative income asset unless you are lying and you actually are net positive. Unless of course you are the latter and you are claiming that someone should bail you out? "I'm completely underwater on this asset but if I sell I lose money" yeah that's how that works it's called an investment you can win or lose.
  - mindslight 2y ago
    Are you claiming you're having a loss based on the cash outflow that is going towards paying down the mortgage principle? Because otherwise property taxes, HOA protection money, mortgage interest, and the rest of your expenses are all deductible. If you had an actual loss on your schedule E, you'd be getting a tax break from subtracting (not just deducting) that loss from the rest of your income. So if my suspicion is correct, you are not actually "losing $1k a month" but rather that $1k plus your profit is essentially going into a non-optional savings account.
  - rpearl 2y ago
    you are simultaneously complaining about your loss, doing nothing to stop it, and postulating either that you cannot sell(?) or that continuing to seek rent will ultimately be a net profit for you. I'm not sure what you want to hear.

thisgoesnowhere 2y ago

Same reason as in real life over time everyone will be a renter. We subsidize landlords and as a result they have effectively unlimited capital to throw at additional properties meaning the price perpetually goes up and they have more assets to loan against to buy more properties. Then we allow them to take a depreciation value off their taxes on a asset that is appreciating in value. It's truly insane.

hn_version_0023 2y ago
Hear, hear!
unstatusthequo 2y ago
As a “land pauper,” I disagree. I have renters in Seattle and lose $1k a month because HOA and property taxes. I get zero tax breaks on the loss. Nothing. I’d kick them out and sell, but apparently Seattle is still recovering from COVID. Who knows. It was a bad investment and I learned a lot. That education was expensive. Not all landlords do well.
- thisgoesnowhere 2y ago
  Then sell? I don't cry about the money I lost investing in startups I just keep investing. Why are you crying about the money you are losing like you are supposed to be absolutely guaranteed to make money? The reason you aren't selling is because you are lying or you believe the government should bail you out of your bad decisions.
  - labcomputer 2y ago
    Who is going to buy a house occupied with tenants and a negative $1k/month cash flow? Only someone who would pay less than the same house without tenants, which might not be enough to cover the outstanding balance of the mortgage, which means a short sale, which means you need the lender to approve (which they won’t). But sure, the GP is “crying”.
    - lazyasciiart 2y ago
      Negative cash flow is usually situation dependent. Is the OP negative because they got a mortgage for 100% of the price at 8%, hoping to quickly flip or refinance at lower rates? Ok - I'll pay cash, and without massive interest payments, I'll be positive $1k/month immediately.
    - thisgoesnowhere 2y ago
      I guess you are the former? What incentive is there to own a negative income asset unless you are lying and you actually are net positive. Unless of course you are the latter and you are claiming that someone should bail you out? "I'm completely underwater on this asset but if I sell I lose money" yeah that's how that works it's called an investment you can win or lose.
- mindslight 2y ago
  Are you claiming you're having a loss based on the cash outflow that is going towards paying down the mortgage principle? Because otherwise property taxes, HOA protection money, mortgage interest, and the rest of your expenses are all deductible. If you had an actual loss on your schedule E, you'd be getting a tax break from subtracting (not just deducting) that loss from the rest of your income. So if my suspicion is correct, you are not actually "losing $1k a month" but rather that $1k plus your profit is essentially going into a non-optional savings account.
- rpearl 2y ago
  you are simultaneously complaining about your loss, doing nothing to stop it, and postulating either that you cannot sell(?) or that continuing to seek rent will ultimately be a net profit for you. I'm not sure what you want to hear.