TalkingSnake
26247
465
12
The predatory bullshit is going to kill us all
Nov 2, 2024 9:07 PM
TalkingSnake
26247
465
12
The predatory bullshit is going to kill us all
DukeDarkwood
2010. The meme (born on SNL) is 14 years old. Not only is it still relevant, it NEVER STOPPED being relevant. Not even temporarily.
ToreyCMoore
My rent alone is two thirds of what I make in a month.
OliverOtter
Rent is...in fact too high. As are house/land prices. The problem is there are a decent number of people who benefit from that, largely through equity loans which make them hideously vulnerable to any decline in prices, and will consequently fight tooth and nail to stop anyone from setting prices right. There is no solution to this that doesn't wreck some people. The question is only whether we wreck the people responsible, or keep wrecking people who are innocent victims.
snikpmupgnihsamseht
The everything is too damn high.
ucandcantunc
LOL, no hope that changing now.....
TalkingSnake
Thinking about reenacting the movie Rent.
c2zvgsVillain
Property taxes are too high when everyone that works in city state or federal government is pulling in a six figure salary forcing people to sell their homes
easyoneundone
nah. your salary is too low
TalkingSnake
unencumberedbythethoughtprocess
Lived here 5 years. It has went up 50%
STGxDante
Ban all corporations from owning residential property period. We have too many empty homes.
PenguinNamedWobbles
I think this is close to the right answer. I would ban all individual ownership of residential homes past 10-20 units. This allows for people who invested and have to furnish a private retirement to still fund their retirement. It would also eliminate 99% of any justification for people resisting the law. Not everyone gets a bloated government pension and room has to be made for private individuals to retire.
ucandcantunc
Ever gonna happen now's
CPK3
I'll bet that if we started hunting politicians like our children are being hunted then thing will change
turkizno
I have ended up in a moldy home but both because of renting out a moving company is pricy + the prices went up so fast in the last couple of months, I am literally rent-locked now to said moldy home.
Pandragun
And its all just going to get worse and worse as long as congress allows them to do whatever they want.
DesolationSmith
Option C: Remember that Congress sets the budget. And then start holding people who run for office to account if they walk back on their promises, no matter which party paid their campaign bills. Crazy I know.
shakefu
Option A: Regulate what people who control vast wealth can do with their money. Option B: Implement Piñata based economics.
JohnSmithterms
As a brit who has owned propert for 30 years. I agree. Put rent controlls in. Fuck landlords.
Becker37
Nothing will fix it. There's too much wrong in every part of society.
ItWasMeIWasTheTurkeyAllAlong
Yeah, that musical is extremely overrated.
Arcygenical
"fifty nine hundred seventy minutes"
TalkingSnake
The idea of squatting in a building is starting to grow on me.
copperdomebodhi
Go to planning committee meetings. They're always full of old people. The old people are always against new housing because they're scared of anything changing ever. This is also why we can't get more solar-power plants. It's easier to say no to everything than yes to what's badly needed.
TL/DR: Housing costs are high because NIMBY-ism hurts supply. Speak up for new housing.
DesolationSmith
Maybe start looking at the new housing being proposed. City recently approved a new development; not because we have more people moving in, but so that they can use it to generate tax revenue. Houses are going to be freaking tiny with less than 10 feet between houses. It's not just old people making these decisions, it's just "keeping up with the Jones" on a municipality scale. And all of it likely to cost $100k plus when it does go in.
TalkingSnake
My city has plenty housing.
Too much of it is “luxury” and empty while the slums are trying to charge luxury prices.
Elrohn
Said it once....I'll say it again....You can't own anything besides a primary residence.
Trust? Nope
Corp owned? Nope
Investment group? Nope
Vrbo? Nope
Literally tax rate so fucked it isn't affordable. Post 1 year double it. Post two years double it again.
Yup....I mean it. Yes I own a condo I vrbo. Yes I own 2 other pieces of property.
Difference is I fucking see how much of the american dream is gone. It won't be affordable for my grand daughter.or.my grandson in 15 years.
NKato
The only time a residence should be in a trust, is for family purposes - my uncle built his entire estate on a plot of land he bought fifty years ago, and plans to pass it down to his kids through a trust when he and his wife finally kick the bucket. Considering that it's full of family history and memories, this is logical and sensible. Especially as the house is far too personalized to their family for it to be just straight up sold to some joe schlub.
DesolationSmith
This! Also putting the house in a trust may protect it from being forcibly used as collateral by places like nursing and assisted care homes (might not apply in all states). This is the biggest problem with the law in most countries, regular people can't figure it out and need to get a lawyer to explain everything.
Imustupvotealltacos
Thing is, the fact that you have to pay property tax and they can take your land away if you don't pay it, means you can't ever truly own property. You're just long-term renting the land from the government. It's shitty
Elrohn
Dial up the tax....let people sell their properties with no tax penalty. Let the companies / investors have the same break. Bottom line....moving forward you can't own more than 1 property. No foreign investment. No investment groups. Literally...bottom line. You are a citizen that is 18+ you can own a single property. Nothing more...nothing less.
NKato
I would say that's a little much, I would cap it at having only two residences, total, and you MUST declare one as your primary, and the other as your supplementary residence that you plan to live in for at least part of the year -- NOT for renting out.
NKato
This will ensure that people who want to have a home to retreat to when winter hits, doesn't have to worry about it - while also being prohibited from renting out the property.
Clockworkdancerobot
Given how the rich are pulling up everything they can. I think many people dead is the point.
DukeDarkwood
It's awfully short-sighted. They'll eventually run out of serfs, and THEN who will work for them? Who will cater to their every whim?
TheMightyMollusk
A lot of them are already elderly, so they figure they'll be dead anyway. And they got to live in luxury, so who cares about everyone else?
PlacentaEaters
Rent went up this year again for me. My roommate and I looked around and we found we could buy a trailer for a little more the rent, so we did. Rent should not be almost mortgage rate prices
HighSorcerer
According to several resources, the livable wage in my state is less than $20/hr. They think rent is $9600/yr. There are no apartments anywhere that are under $850/mo unless you get Section 8 housing.
TalkingSnake
Here’s hoping the trailer park you sit in doesn’t get bought for redevelopment.
PlacentaEaters
It's a co-op so everyone that lives there has a vote/say in the matter
HughGRecti0n
My mortgage is less than rent prices near me.
SoulfireUK
In Cornwall (SW England) There’s has been an increase in people buying caravans to live in as there is little housing stock due to holiday lets & second homes. It’s ridiculous.
HughGRecti0n
Oh hi! Lived in Looe for a couple years back in the day. Loved Cornwall.
SoulfireUK
Looe is lovely, get really busy in the Sumner. 😎
llcoolj
I make $27 an hour and walk around my house in the dark to save money. How am I broke? (Canada)
detectivekagami
Because you have a house! Houses be expensive, yo
g0atsmuggler8
Why won’t you please think of the landlord?/s
WhoYouCallingPinhead
Aren't Canadians afraid of the dark?
llcoolj
No, we’re not racist up here.
Thetiredmechanic
Hey now
Jaenen
Fort St John resident, who works with a lot of Albertans... I have some bad news for you
DukeDarkwood
I think they meant the actual dark darkness. Those Arctic nights get long and cold up there.
JayEnfield
Canadian here. Holy shit there do be the racisms around.
Thisisabigmistake
That's minimum wage in Vancouver
StopWatermelonViolence
Wait are you serious:o
Thisisabigmistake
No but that's about the living wage needed to live in Vancouver. Minimum wage has not caught up. https://www.livingwagebc.ca/living_wage_rates
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kickmyballsrealhard
CALL JG WENTWORTH, NATIONAL RENT CONTROL NOW!
VibratingNipples
While I agree with rent control, but sometimes it can be a huge disaster(It have failed in other countries like Germany and Sweden). We need to be smart about this. The only real way to solve this issue is start mass producing cheap houses on massive scale, like what Harris plans to do. Also ban price gouging(including rent). Sooner or later, the rent prices will go down once they realize no one wants to live there
petpet3d
Yeah housing supply is one thing, but you also need to actually be able to buy it instead of rent.
TheBunnyPants
Also. Stop corporations from buying huge swathes of neighborhoods to drive up housing prices. Or tax the sh*t out of them for holding on to empty houses for the same reason.
Anarchduke
How about we just kill a billionaire a week until its not a problem any more
NKato
The smart way to deal with it is to start capping rents relative to the *median income* of a given county or district. It should never exceed 33% of the median income for people below a certain income bracket, and they need to outlaw the bit where you have to have income that is 3 times the rent. Multiplication *scales* very quickly the bigger the base number becomes, which is why the 3X rent-income requirement is becoming a disaster already.
NKato
How much money are you supposed to make when rent is $1500? $4,500. That is literally an annual gross income of over $50,000 a year. More than 40% of Americans make less than this.
IAmTheBadW01f
$1500? Where are you finding livable spaces for $1500? The 1br apartments I rented 4-5 years ago for $1500 are over $1800 now