Elmo: Let me introduce you to the revolutionary who taught me all this.
*knocks on trash can
I’m not sure if this is an Oscar reference or a Zizek reference and either way I’m here for it.
CAPITAL-ism is aimed and designed to benefit those with the capital.
I hate this about our system. To combat this i am sharing equity with the guy that rents a room. I’m tracking how much his rent payments go to paying off the mortgage (which I can make myself, it’s just a larger house with rooms to spare) he will get a check based off the percent he paid off on sale, or a percentage of revenue if we end up keeping and paying it off years later. Finance people think I’m crazy giving up that much equity. I just hated tossing rent money to the void, so I figured now that I’m in a position to change my little corner of the world, I will.
ALAB.
Feel free to go buy your own house then buddy
Get fucked friend
I do, in my many houses
A lot of people on the comments seem to have had landlords who “fixed things”
I mean, this is how businesses work in general. If you don’t buy their products/services, then they wouldn’t be able to continue providing them.
I understand that we’re trying to draw attention to exploitative landlords, but if anyone can afford to keep their property regardless of whether or not you pay rent, it’s the exploitative ones.
The problem is that landlords don’t create value, they seek to endlessly profit off of one time labor. Rent-seeking creates no real Value of any substance.
That’s the naivete of the Internet talking. Of course landlords create value; they do so in exactly the same way lenders create value: they absorb risk by amortizing upfront costs and charge a premium to do so.
If you didn’t agree that it’s an ethical way to participate in the economy, say that. Don’t try to pass off a moral judgment as an objective truth.
There’s no Value created by risk, that’s an ad-hoc justification for profiting endlessly off of labor performed one time long ago.
car and house Insurance both provide value by reducing the capital investment required to continue having an item, landlords reduce the upfront cost of housing by charging a continuous fee instead of a lump sum.
Insurance is perhaps the peak of Financial Capital masquerading as Value.
what about banks?
Same problem, arguably far worse. Consider reading Imperialism, the Highest Stage of Capitalism. Banks play a huge part in the dominance of Financial Capital.
Great theory until you get removed from your home trying to make a point because the family of 3 with nowhere else to go doesn’t have the luxury of caring about things like this thanks to the broke ass system we all reside in.
Great theory until you get removed from your home trying to make a point
https://en.wikipedia.org/wiki/Rent_strike
When you get the whole building involve, it can be surprisingly effective.
the family of 3 with nowhere else to go doesn’t have the luxury of caring about things like this
You don’t think a family of 3 cares when their rents double over five years while their wages barely budge?
I think the trade is, you take on the purchase of the house, and the landlord takes on all the downside risk.
Yeah, I’m generally ok if somebody is charging a reasonable rent which covers their reasonable mortgage, so long as they’re still taking care of all the other stuff (repairs, city taxes, etc).
What burns me is people who either a) knowingly buy in a hot, excessively priced market with full intent to charge excessive rents while providing absolutely minimal service or support
b) bought 10+ years ago but have pumped up rents to the same as those who bought at mortgages 2-3x the rate, citing “market rates” and often doing sketchy things to raise rents including renovictions etc, while being shitty - often absentee - slumlords
Maybe I’m showing my age, but there did used to be quite a good number of mom & pop type landlords who weren’t shit, and while the commercial ones cost a bit more there was a decent mix.
Now, the commercial ones are actually mostly a safer bet in small cities. They’ll raise rent every year but consistently, and the decent ones are pretty prompt about repairs and not fucking people over deposits etc. There are bad ones but it’s pretty easy to tell which are which. The problem is of course that availability at the good ones is lower and they do cost more.
Good private landlords are increasingly hard to come by, as the best ones generally end up quitting after either getting too old or after a bad tenant experience, while the slumlords have leveraged their existing properties to finance buying more and more, leading to a market full of increasingly overpriced mould-monsters.
Yea I rent my first house out. Mortgage is 900 and they pay 2000. If they bought my house right now it’d cost them 2800 monthly. Plus their rent is cheaper than the local average by a long shot.
