Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Cap how much rent can increase to the CPI % per year not including increases in property tax or strata fees and utilities if they are included in the rent.
And if you have a mortgage on something you're renting out that's a risky decision, if interest rates go up and you can't afford the mortgage without raising the rent maybe you shouldn't have taken out a mortgage for something as a way to make profit. Interest rates should not factor into the cap on rental price increase.
Can we stop giving these assholes tax breaks or subsidizing these shitty companies with tax money so they can prop up shareholders and get rich?
In Congress, lawmakers are working on a bill that would expand a federal program that awards tax credits to housing developers...
Stop paying them for creating the problem. Start putting them in fucking prison for hoarding a necessary resource and gouging people during a crisis.
Doubt. But while they're at it how about some limits on how much a property assessment can increase each year? My house has gone up 10 to 15% for the last 3 years, which causes property taxes to go up, which causes my mortgage to go up. I'm paying $200 per month more than I was in 2020.
Hidin’ Biden, unironically: “I don’t get it, the economy is doing so good, why aren’t you people happy?!”
Don't you people own phones? Level of disconnect coming out of the white house lately.
Precisely, or “don’t you people own rental properties upstate?!”
Yes the great republican lie, that the president single handedly controls the economy with a little knob under the desk in the oval office...
bruh, what?
no, bidey is literally out there boasting about how “good” the economy is doing. And by the traditional measures of economy, he’s right. Stock market hitting all time highs, record low unemployment, record high oil production, etc.
But, the reality on the ground includes a record high population of unhoused people, over 60% of Americans who cannot afford an emergency $400 bill, unchecked greed by rent seeking corporate landlords, and people working 2-3 jobs at once and still unable to make it work, living paycheck to paycheck with no hope of affording basic preventative medical care.
It’s a late stage capitalistic hellscape, and we are constantly gaslighted into believing it’s normal from all sides of the political spectrum. This isn’t a “guhh, republicans bad.” It’s a “dude, America is fucked and we need to change course NOW or the empire will fall.”
Not telling me anything I already know. But your context of what you meant clarifies things. But I'd argue the empire will fall due to DT being elected sooner than it will fall because of our fucked up economy. So "so what" if politicians are politicianing. We just need to get past 2024 and then we can try to fix the real problems.
No question about that, the orange tyrant would be the end of it all. Considering how things are already going with multiple war fronts abroad, I shudder to think about how literally that may play out. Hope we can stop him from taking over.
He doesn't have to pretend though. He'd get a ton of support if he called it like it is. And he realizes that because his in person messaging seems to have changed recently. The news just hasn't caught up yet or doesn't want to cover it.
My and utilities finally caught up to me and I lost my home about 2 weeks ago...
The utility company here was responsible for burning down the entire town next to us. They passed the lawsuit payments onto the customers. My bill went from $50 a month, give or take $5, to $200 to $300 a month.
I'm guessing PG&E?
And fuck these utility companies. Private-public partnership hasn't worked out. It's time to nationalize the grid.
Yup!
I'm thankful I have a place to stay with family. Now my money I was using toward those insane bills will be used for paying off my debt. I just need to lay low for a bit, get everything paid off, save up, and I'll be on my feet again!
I'm glad you're landing on your feet. I'm pissed that you have to.
Meanwhile, my grandma Rents a single room micro apartment at around 75 dollars a month where I live...
US Lawmakers aren't scrambling to do anything but take bribes and engage in insider trading.
I just saw that "the economy is booming" and I was like "yeah, of course it is, every business in the US has increased their prices by at least 30%", people are still struggling to live though!
Just tax the parasites (sorry, i mean landlords) at an appropriate rate and give the money directly back to the renters. If they raise rents raise the taxes. Make it automatic. For the people.
Land value tax is all that's needed.
As long as its legal to build alternative property.
The reason that rent is expensive but the house is shit, is because the house is actually worthless and the land is valuable. If people got taxed on the land they would be incentivised to knock it down and build much higher density that the market demands. It's honestly a failing of the market that houses are so low density in such high value land.
This would absolutely decrease rent and can also allow for better public transport.
Mix use developments will also help a lot.
What you mention will not work at all.
That sounds like rent control with extra steps
We work with the tools we have...
I don't think they are
I own a place that I rent out. I am having a hard time figuring out how people are charging $3,000 plus a month. I don’t charge anywhere near that. The only time I raise my rent is when the city increases the cost of their taxes/fees, or if insurance for some reason goes up. Is it actually that expensive for property taxes and other things there or is just greed?
I would say it's fair to raise it for increased maintenance costs as well. Most of us aren't mad that we have to pay for housing. We're mad we're so obviously getting taken for a ride by companies operating illegally to control prices.
Lol the tool who downvoted you after reading your first sentence but couldn't be bothered to read the rest...
But yes the answer is absolutely greed. And the naivety that "oh look this place over here rented for $500 more I guess I can charge $500 more too..." + "Why would I lose out on $6000/yr?!" + "If I still rent out for what I was renting it out for some losers will just move in." + "This is how an investment works! I get more money because time and not because I actually improved the home to justify $500 more." ... The list goes on ...
It's been a few decades since I've rented, and my previous landlord was very transparent with providing information about increased taxes and utilities to explain why rent was increasing. He knew that if he just increased it for the lolz, I'd happily just find another place to rent.
With the market being the way it is, the shortage has provided the leverage crooked people can use against renters.
I do wonder how many landlords are crooked, and how many are being forced to drive up rent due to the rise of excessive tax hikes, insurance premiums, utilities, maintenance and labor costs, etc. I know personally, my home's property taxes have more than tripled in the past 5 years. I'm now priced out of my neighborhood.
Greed plus high demand and low supply.
You need to build more places for people to live!
But that would bring down the value of the current homes that the lawmakers own! Can't have that happen....
"Lawmakers are scrambling to fuck them even harder" is the realistic headline
I was looking for the right words, but you nailed it.
As someone who owns a house cause I'm very blessed to have had the means 8 years ago(0% VA home loan). I hope the housing market crashes hard.
The poor need to manage their trust funds better apparently.