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.
Landlords should not exist in the first place. When fantasizing, why aim for mediocrity?
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? 🤣
Housing can get built without the professional middlemen involved, believe it or not.
Landlords do not build houses, they just rent them out. Housing, shelter call it whatever you like is human right and essential need, so it should not be a part of speculations for profits. Now you can see overpriced real estate because of investors who buy it and never live there. All this “helpers” who rent out their apartments bring more harm than benefit for society (they at least contribute to a price growth in real estate). Buildings could be constructed by government owned organizations in order to provide society with housing, no need in speculators to solve problems.
I have an idea
Landlords should pay 100% tax on their empty rentals.
You’ll see how fast they will accept any and all new tenants, at a much lower price.
Which would also flood the market with housing, lowering the prices even more until renting becomes an actual beneficial option compared to buying and paying off a loan.
Real estate would also not be seen as an investment anymore.
100% on their rental value, which for many landlords is directly tied to massive loans they’re underwater on. That’s why they’d rather have unoccupied rentals with nominally high values than reduce the rental price to match the market and have their loans called in.
The rental value would be $0.
Contrary to lemmy.world logic, 0% of 0 is 0
Real estate should be considered an investment. It’s one of the few things people invest in that is actually valuable. It’s the speculative and labrynthine financial markets that are the problem in that regard.
The only reason mega-renters like Blackrock and Vanguard are able to monolithically buy property in the first place is because of dubious speculative earnings and government bailouts.
It’s not surprising that home ownership was actually a lot higher 60 years ago.
But why should it be anything but a personal investment? I’m not seeing your point there. Isn’t it better for everyone to decommodify housing?
Why should it be anything but a personal investment?
What do mean? I don’t see how what I said negates that.
Isn’t it better for everyone to decommodify housing?
Not really no. Commodfication is why things used to be cheap. High [insert item here] prices are directly related to money printing, corporate welfare and regulations that are designed to raise the barrier of entry for normal people.
People require to land to live on, it is a basic necessity, and basic necessities absolutely should not be considered an investment.
What should people invest in then? How is land ownership handled? Etc etc etc
ITT: “If not for ticket scalpers, concerts wouldn’t happen! They’re providing a valuable service by hoovering up supply with their high capital and low morals, and then drip feeding it back to us at increased prices! Ticket scalpers, by buying all tickets at once, increase demand for bigger concerts, a net win for everyone!”
Anyway, yes, it won’t fix the whole systemic issue and calling it an “income tax” is silly (it can just be a tax), but if the way to get you over the line is getting landlords to pay extra for empty apartments/houses so be it.
Landlords should not
Not a response to the post. Just making a statement about landlords.
