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> For single homes, if only 2% of all homes being sold are owned by investors, releasing those would at most increase the supply by 2%. For the last time, I AM

by rekabis 9mo ago

> For single homes, if only 2% of all homes being sold are owned by investors, releasing those would at most increase the supply by 2%. For the last time, I AM NOT ONLY TALKING ABOUT CORPORATIONS. I am INCLUDING those INDEPENDENT INDIVIDUALS who are landlording AS A CAREER. Like, anyone who has bought any residence purely to rent out, and who has never lived in that residence. Who treat housing as an investment without actually being a corporation. THAT is what covers 30+% of the market. Release 30+% of that housing onto the market, and supply increases DRAMATICALLY. QUIT BEING A F*KING TROLL. > But it’s even crazier that you think apartment buildings shouldn’t be owned by corporations and centrally managed. >Do you think individual owners will take care of maintenance, property taxes, collecting rent, a centrally managed tenant office erc? Let me update you on this lovely little administrative structure called a STRATA COUNCIL. This covers a lot of what you just talked about. It’s a council of individual owners that make decisions about maintenance and changes to the common areas and overall physical building. The property taxes and rent are handled by the landlords, which is what the vast majority of landlords already do. > As far as farmers what do you suggest? Punitive taxation of corporate profit margins. This forces the middlemen to do one or more of three things: invest in the company (such as increased wages of workers, or better tooling, etc.), pay more for inputs, or charge less for outputs.

raw_anon_1111 9mo ago
Okay, again, are you saying that no one should rent a home under any circumstances or that people who own homes should tie up their money and do it at cost? And again you are wrong. It’s not 30% of the market - it’s 3%. > Let me update you on this lovely little administrative structure called a STRATA COUNCIL… Guess what a group of owners who collective own and run something is called - a business On the other hand, there is an existence proof of what happens when a group of individuals run a group of units - look at the mess that is most condo associations in Florida where they don’t do upkeep and condo buildings are literally falling down. By the way, since most people don’t know how to run a business like an apartment complex or even a condo association where the units are individually owned, they still end up outsourcing the management to a property management organization as do most HOAs It’s clear that only one of us in this conversation knows about the real estate business…. Why would anyone invest their money in a company if not for profit?

by rekabis 9mo ago

raw_anon_1111 9mo ago

Okay, again, are you saying that no one should rent a home under any circumstances or that people who own homes should tie up their money and do it at cost? And again you are wrong. It’s not 30% of the market - it’s 3%. > Let me update you on this lovely little administrative structure called a STRATA COUNCIL… Guess what a group of owners who collective own and run something is called - a business On the other hand, there is an existence proof of what happens when a group of individuals run a group of units - look at the mess that is most condo associations in Florida where they don’t do upkeep and condo buildings are literally falling down. By the way, since most people don’t know how to run a business like an apartment complex or even a condo association where the units are individually owned, they still end up outsourcing the management to a property management organization as do most HOAs It’s clear that only one of us in this conversation knows about the real estate business…. Why would anyone invest their money in a company if not for profit?