cross-posted from: https://lemmy.crimedad.work/post/12162
Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there’s still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.
They pay for it to be built. Unless you think the workers should work for free and not receive any benefit from their labor. Does hexbear know you feel this way? 🤣
Landlords don’t pay for buildings to get built, the renters ultimately do. Landlords are just middlemen.
Landlords pay up front (directly or via a loan, which the renters presumably cannot get) and assume the risk of vacancies and repairs. If landlords ceased to exist, how do you propose new housing stock be created? Should the government be your landlord?
Landlords pay up front (directly or via a loan, which the renters presumably cannot get) and assume the risk of vacancies and repairs.
And then they get bailed out by the government when their risk blows up.
And they have little to no risk in the first place because the market has such high demand that they can pretty much instantly fill vacancies, and they barely do repairs if at all. And at least where I live, renters are required to have/pay for renters insurance which further drives down the landlord’s risk. And on top of all that, they have security deposits to lower their risk even further. They don’t take on any meaningful risk.
If landlords ceased to exist, how do you propose new housing stock be created? Should the government be your landlord?
Government investment into housing development (which then turn into market rate housing/co-ops), zoning fixes, and a LVT is the solution. The builders get paid, home ownership becomes affordable, the risks are dealt with, and renters aren’t being priced gouged. It would also do wonders to help fix the homelessness crisis.
And none of it needs the government to own your home.
Landlords pay up front (directly or via a loan
You’re describing a developer. Most landlords aren’t developers.
And yes, the government should take on the role of developing residential properties and ensuring everyone has access to them. Housing is not a commodity, it’s a basic human need.
Oh, so you just want the state to be your landlord? Enjoy your cinderblock gulag.
sis, I would love living in a small apartment complex where everything is either five minutes away or easily accessed by public transportation
I would love being in an environment that promotes a collective spirit where people spend more time outside than inside
I would love having housing be 4% AT MOST of my monthly paycheck
but we gotta have idiots with trillions because they deserve to hang us out to dry, is that it?
