As if a single mother of 4 could ever get close to affording a house
Empty rental properties should be taxed at their rental rates, regardless of if there is a tenant in them or not. Wanna rent out slums for 1700 a month, well, you aren't going to pay taxes on that property like the 90k shithole that it is.
To go a little further, if you're listing a house, you should pay taxes on it monthly based on the list price. Seen way too many shithole with a fresh coat of paint hiked 150k above their actual value.
I personally believe taxes should be a mechanism of negating bad behavior or preventing harm to communities/the people.
I don't personally think taxes should be used for punishment, but I think the rules of a system should be setup to achieve the desired outcome. The rules right now are setup to benefit a few entities owning most of the real estate, and we need to build a system that makes it more expensive to own homes if you already own a home, and it should scale based on how many you already have. Also, there should be penalties for gouging people. All the pharma bros who have been hiking the price of medications through the roof have revealed that most of the people in the USA are vulnerable to captive markets.
Do you guys have council rates? Good metric to use.
You had me until the selling of the house. Plenty of normal people's only path to any kind of wealth is selling their property. Hurting them more is not the way to go.
Multi home owners, apartment rental owners, sure tax the shit out of them.
Is it more important that a tiny percentage of "normal people" get a chance to be millionaires just before they die, or that they all get to have a place to live without spending their entire lives scraping by?
Homes should not appreciate in value, and we need, as a society, to stop viewing home ownership as "nest eggs" and wealth-building tools.
If housing value constantly goes up, housing prices are constantly going up. Homes cannot be a method of building wealth and also be affordable to people.
Raising taxes on landlords raises the rent.
Maybe she should close her legs
- Every Republican male.
And when people opt for abortion or refuse to procreate, those republicans will go ape.
Maybe she should open her legs
- The other Republican half
its not my fault she got pregnant after we had sex—but if she refuses to birth my child, she should go to prison.
Maybe republican male should stop browsing CP or Qanon or whatever they do these days.
But now she can rent it and pay their mortgage!
She can make BlackRock back to pay their own mortgage, by calling on a BlackRock fund with all her money, and pay here mortgage with its returns!
As if that hypothetical person ever had a chance post 2008.
This is just restating the joke.
Wife and I both bought houses in 2009. Feds were literally giving out tax credits to encourage people to buy. Homes were dirt cheap then.
Going off your comment it sounds like you are too young to remember this.
I bought a house in 2016, so yes.
Back when we were house hunting, we experienced several sales where the house was sold for cash at 10-30k over the asking price before offers were even open. If we do sell, I'm sure as hell only selling to a family (not that I'd advertise as much, I'm sure they would and have made fake families to purchase houses.)
My sister just inherited a house and sold it for $20k below market to a young family for exactly the reasons you state. I respect her for that.
If a house sells before bidding opens, it’s not necessarily the corporations, but yes it’s an unfair advantage to someone. Back when we were looking and the market was even hotter, we actually did get in on that side of the process a couple times.
However that early access was never exclusive and never successful for us. I actually wondered whether it was just a scammy tool for realtors to get feedback on the asking price
And “cash” does not necessarily mean cash. I believe it just means no contingencies on whether or not the buyer can get a mortgage and when. The buyer is already approved for the necessary amount and desperate enough to gamble that nothing will go wrong
Well done, my minions. The mortals' courage begins to wane! Now, let's see how they contend with the true Lord of Blackrock Spire!
This is very strange seeing Zach Wilson in this context
Not surprising, but apparently only dozens of us on Lemmy know who Zach Wilson is
fuckin knew it. Generic white guy sure but god damn it is definitely him ain't it
is that Zach Wilson
I have to raise rent on the single mother of 2 again...
Inflation hits us all honey.Of course, it would be terrible if you could no longer afford the lifestyle you are accustomed by profiting off of others labor
Exactly.
It must be weird to know that just dropping dead would actually make the world a tiny bit better than not. I wonder if that's how an intestinal parasite feels?
Do you have to? or are you driving a fancy car, taking vacations, buying name brand clothing, spending money on over priced drinks.... i don't think you have to, i think you care about spending money on something that doesn't matter more than that mother and her children.
"Nice" cars, taking a Vacation, and name brand clothing isn't the demographic of rich we should all be fighting against. The actual rich wouldn't define anything they do or buy that way. They don't buy nice or fancy cars, they buy luxury cars. They don't buy name brand clothes, they buy designer clothes. They don't go on vacation, they just travel to their 10th summer home on their 3rs yacht and take a couple conference calls on the way.
I hate seeing the definition of middle class and the lower class fighting against each other. That's literally what the ultra rich want, they love it, it's their other favorite hobby.
Just because someone might barely make it out of the lower class and be able to afford a higher trim level on their Honda, and actually take a vacation doesn't mean that's a bad thing, what should fighting together for that be a thing for everyone in the lower class.
Yes i have to. Every unit has to be a net positive to itself or at least stay a small net negative so other units can catch a non-scheduled repair. I'm pretty sure the tenant wouldn't be happy to have to look for a new place just because a pipe broke.
Yes, i drive a Taycan and my wife has an ID.5.
Yes, i sit in my garden and enjoy whatever the weather allows me to.
Yes, i exclusively buy clothes made from good quality natural materials. A sweater of the brand of clothes i buy costs about 160€ and lasts about 8 Years. I have not had to replace one yet and i own about 40 pieces of clothing in total. Not counting suits.
What is an overpriced drink? I drink filtered tapwater, sometimes carbonated and at the rare occasion that i eat in a more fancier setting i drink Sprite.
If you feel so guilty about it, just sell her the unit at a price she can afford. Oh wait, you won't do that, because that would make your life harder, because then you wouldn't be able to profit off her efforts.
Stop feigning remorse for a wrong you won't stop doing.
Are you raising it proportionally to the costs you'd expect to see the next year for that unit and factoring in any expected equity were you to sell? I'm always curious how these rent hikes are calculated. Have you ever reduced rent?
Market rate
I cannot tell you how conglomerates do it, but i can speak for myself.
I own 10 Units that i rent out. I raise rent depending on what i think next year is gonna happen. But i also have 2 companies that generate income that i take into account a tiny bit.
It's been fucky since the Corona™️ though so i kept raises to the same level they were in 2019. About 4% a year.
I raise my rent to market value whenever i have a change in tenant.
I have never reduced rent. My costs have never gone down. If anything i didnt raise rent one year.
I cannot keep rent the same forever because inflation and other cost increases would just eat at the foundation and if something breaks i will have to just sell the entire unit.
Seeing everyone taking the bait in the replies is hilarious
People act strange when they think they have a moral high ground.
Seems like they're all new to the Internet...
Maybe you could fall in an open grave and just never come back out? What if you did that instead?
You really wanna know how little will change? Or was that just flamebait
Inflation is fake.
You don't believe changes in the supply of a good influence its value?
You can dream bobby, but your dreams are not reality.
