eclectic_electron

joined 1 year ago
[–] [email protected] 0 points 10 months ago (1 children)

What do you mean no choice? There's always a choice.

Realistically many people don't have a choice to buy, because they don't have the credit score, reliable income, or down payment, but I don't see why that blame falls on landlords and not on the banks or the government?

[–] [email protected] 0 points 10 months ago (3 children)

Landlords take on risk. For example, when I rented an apartment, I came home one day to a plumbing disaster. I called emergency maintenance and left. The landlord fixed it and paid for my hotel in the meantime. As a home owner now, that would be entirely on me to figure out. I'm pretty handy, but I have no disrespect for someone who doesn't want to be responsible for that.

More importantly, selling a house costs about 10% of the value of the house, and the first few years of a mortgage you're mostly paying interest. If you move every 3 years, it's actually cheaper to rent than to buy. It's just that your money is going to a landlord instead of to banks and realtors.

So while I see your argument that landlords don't "deserve" the money they make, practically they're an important part of the housing market, and I respect people who make an informed decision to rent.

[–] [email protected] 1 points 10 months ago (1 children)

But the stadium will bring so much economic benefit to the city! Well get at least 4 new fast food restaurants hiring only minimum wage workers, and a small boost in hotel revenue!

Transit won't bring any return on investment. Only poor people use transit and they don't have any money. And if someone who has a car does use transit that's hurting the economy! Think of the poor gas station owners and car dealers!

/S /S /S /S /S

[–] [email protected] 1 points 10 months ago

In my city you can't diy electric without a license if you intend to sell soon. It's a reasonable precaution to prevent shoddy flips. I assume plumbing works the same way. Just installing a toilet might be fine though, it's pretty straightforward.

[–] [email protected] 0 points 11 months ago (1 children)

The reality is they're almost certainly already using that land and buying it would give you nothing because they could claim it under adverse possession. Actually taking possession of that strip would be nearly impossible.