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No one “hoards” housing, they buy it then rent it out for others to use.
by deadbabe 1y ago
No one “hoards” housing, they buy it then rent it out for others to use.
- saubeidl 1y agoThat is hoarding, with the intent of parasitically using it to benefit from the misfortune of others.
- deadbabe 1y agoNo, hoarding is accumulating for the sake of accumulating. A housing provider offers a service, 12 month leases on places to live temporarily. It is a cutthroat low margin business, very few people are truly getting rich being small time providers, most are just breaking even and banking on their asset appreciation.
- saubeidl 1y agoA "service" that wouldn't be necessary if landlords weren't taking away housing from them in the first place. Mao had the right idea about landlords.
- deadbabe 1y agoIt is a “service” that is way cheaper than owning a home, not everyone wants to be a homeowner and pay massive maintenance costs. That burden is handled by the provider.
- saubeidl 1y agoWhy is it cheaper than owning a home? Because landlords are driving up the price of homes by using an essential human right as speculative asset and investment class. The burden is imposed by the "provider", as a result of their greed.
- deadbabe 1y agoIf a central AC unit blows you’re staring at a $4-$5k bill, mandatory, or you have no AC. If your attic gets some mold that will be $8k to get rid of it. Home insurance, you must pay. Property tax, you also have to pay. Water and electricity too. Or, you can pay a housing provider a flat monthly fee, and not worry about any of that.