this post was submitted on 26 Mar 2025
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try 100%. housing should be covered by taxes.
I think because of ex post facto, it would take 2 years at least for the housing problem to be solved in this scenario, and I don't know if handing private assets over to any particular federal government (ahem, US government) would result in the benefit to unhoused people that this comment suggests.
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Meh, they would redefine vacant and claim "their" property isn't affected by the law.
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As a current landlord about to extend a lease at exactly the same terms for 3rd year in a row (and I fix everything within 24 hours) - I agree with this too.
It's ridiculous that my largest store of value is a speculation bubble and a piece of paper with my name on it
Chris? Lol
I couldn't disagree more. All the hatred should be directed at individuals/companies that own a bunch of properties. They are specifically in the business of fucking people.
The thing I hate most is that all of these clowns will tell you you MUST raise rent every year. They also would likely try and murder you if you even got close to forcing them to pay their employees more every year, or even just other people's employees. Keep in mind, if you own the property, you are making money with equity no matter if you have tenants or not. So all the rent is gravy but they want to squeeze people to death because they legally have to maintain their own rentals, which the cost of upkeep is REALLY far below the rent paid. Again, $0 in rent is STILL making money off the property.
100% as long as you're talking about paid off property. That doesn't really exist since every company that makes this their business model is over-leveraged as fuck and landlords with a single property are very likely to still have a mortgage.
One day you'll learn the difference between hard and liquid assets.
As opposed to the people who merely own one family of serfs?
Wtf are you talking about?
Edit: messed up the formatting.
Does it matter to a family that can only rent if they rent from a corporation vs individual?
Spreading out renters is not a solution.
The following math works if the all landlords own the maximum allowed.
If the maximum rentals one could own is 1000, only 1‰ of the population can be landlords.
If the maximum rentals one could own is 100, only 1% of the population can be landlords.
If the maximum rentals one could own is 10, only 10% of the population can be landlords.
If the maximum rentals one could own is 1, only 50% of the population can be landlords.
To go back to the beginning, if there is no maximum, only 1 person (0.0001%) of the population can be a landlord and everyone else is a renter (the whole "you will own nothing and be happy" line).
What percent of the population do you want to permit to be landlords? Mind you, not property managers, specifically landlords.
Remember 100% of the population can be a property manager because everyone can manage their own property. But the largest percentage of the population that can be landlords is 50%.
I see that you differentiate from people who happen to have extra space and want to rent it out, that I can understand. But also understand that someone can buy 1 home specifically to fuck over other people.
The problem is that some people want to own other people's homes. Some people want to own 1000 people's homes and others just 1 is enough. In either case it is not the number that is the problem but the desire to own other people's homes for the sole purpose of rent seeking that is the problem.
That is what is meant by the comment about "merely own one family of serfs" is about.
None of the shit your said counters my original point. Individual renters with a single rental property inherently care about it and it will almost never be their only income. They're not doing it to squeeze the most money out of it. Most just need rent to cover their own expenses.
Previous comment is still utter fucking nonsense.
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Landlords are scum, but tenants are fucking disgusting.
You don't hear much about good tenants or landlords for two reasons.
One is of course the simple matter that people who are content tend to be quieter. Same reason that it's easier to find complaints about most products.
The other is reduced exposure. Good tenants will generally stay in one place longer and good landlords will retain tenants for longer periods as well. So you end up with just fewer people to even potentially say anything about them, good or ill.
I am a former landlord and I approve of this message. We are back in the house we rented out for 22 years after we moved across the country to a better job, in a place we didn't care for. We kept our house here so we could come back. We rented it out for 22 years at 30% or even less than market rate ($1600 a month in 2022 for a 3 bed two bath house near LA and a 10 m walk from the train) and we endured crooked and incompetent property managers, failed appliances and tenants who didn't pay rent. One became a bank robber after we evicted them for not paying rent. They could have started robbing banks earlier I guess so they could at least pay the rent. Anyway, it worked out very well for us. We are back in our house where we like to live. People and companies who buy a bunch of houses and don't rent them out to give people places to live shouldn't be able to profit from doing that.
Anyway, it worked out very well for us
This proves the point. This is the kind of story that should end "so, in the end we ended up losing money on the place". But, if an absent landlord can hire crooked and incompetent property managers, deal with deadbeat tenants, and still have it work out very well for them then it's an investment where you really can't lose.
I'm sure you're lovely people. I don't mean to criticize you in particular, just the game.
I don't know why you're getting disliked, it's straight facts. And you weren't even mean!
I only see one downvote, but thanks for saying that.
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Canada instantly bursting in flames
why do you hate me so?