There need to be apartment building co-ops.
Build more housing.
Doesn’t work if landlords just buy that too.
Needs proper regulation
You’re wrong, building more housing is THE solution. The vast majority of homes are owned by people who live in them, not landlords. Building more housing is literally the ONLY solution.
That entirely depends on where you live.
Your statement that the vast majority of homes are owned by the residents is not true where I live.
Blanket policies don’t work, governments need to implement regulation that recognises the nuance of different markets.
But also yes, build more homes too
Build more homes. A lot of housing regulations tend to make things worse
I use these memes to gradually radicalize my friends and family 👍
No one is forcing you to raise your prices you cunt.
Not necessarily true. There are powerful cultural forces at play that they’re not willing to acknowledge, yet alone overcome.
We’re kind of in the same boat. We think that if we have more, then we deserve more before those who have less. That’s just what these people are doing, only they’re doing it way better than us.
“It’s the market” is another way of saying “because I can”.
They don’t have to raise the rent to match the market, the market is simply a signal to them that if they lost you by raising the rent, they could potentially replace you for the same or higher rent.
They could ignore that and leave your rent alone. They don’t. It’s a choice.
Have you ever, in your life, received a rent decrease because they were matching the economic conditions…?
The only reason rent would decrease in response to economic conditions would be if they started building tons and tons of houses and supply began to outpace demand. OR, your country were experiencing deflation, which is bad
Housing price didn’t ever go down in most cases because of hoarding, there’s no way leeches will ever decrease the rent.
No, it’s because of a lack of new supply. Most houses are owned by the people who live in them, not land lords
Property tax needs to go up exponentially with the quantity that you own
They could also tie it to occupancy. If a functional residence goes more than half the year without someone living in it, property tax is quintupled.
There’s danger to writing such a law correctly, unfortunately. I recall something in Ecuador where people were leaving extensions to their home just barely unfinished so that they could avoid certain residence laws until they had a buyer.
And companies own, or even better that better have some good reasoning for buying a property that’s for living.
With an exemption for the first 5 years after building. Companies and investors need to be incentivised to build property not hold onto it.
The incentive to build new housing is to then turn around and sell that housing, they don’t need an incentive, they need permission.
It’s a Wikipedia day, today.
I wish something could be done about this.
They actively colluded through price-fixing software, and very little is done about it.
Lina Khans FTC sued them, but you can bet that will be quietly dropped soon.
Lol my landlord literally told me that
Wait? There’s NZ memes /community here?
Also peak meme!
I was about to say, that landlord looks super familiar
So odd seeing ‘the human thumb’ here. NZ is an embarrassment and this twat is NOT helping
Look, what I’d say to you is, that we are laser focussed on delivering outcomes that synergise with our plan to get on with undoing the housing crisis the Labour created.
I keep telling my friends rent is going up every 2 years.
Looks like it’s about that time.
Some townships and counties have strict regulations and housing authorities which make coops and communal housing difficult, rarely intentionally but often as a result of requiring liability and responsibility for repairs and outcomes.
That said, there is a big push in a lot of cities such as Denver which is allowing more options.
One thing to be wary about is that depending on the structure of the commune/cooperative it might be indistinguishable from an HOA or a Condo.
To the occupant, “Land Contracts” are probably the most rent-like alternatives to actual rent.
I would draw a big target on institutional investors, by jacking property taxes through the roof, while issuing “homestead” exemptions to owner occupants. As soon as we do that, every landlord (who doesn’t live on the property) is going to get hit with a massive tax bill…
OR
… they are going to find some way to make their “tenant” qualify as the “owner”.
Here’s where “Land Contracts” come in. These are a form of seller financing. They are recorded by the county, much like a deed. The “buyer” is considered the owner.
With a land contract, you pay a fixed monthly payment, much like a mortgage. That payment normally doesn’t change for the life of the contract: You aren’t going to face a steep rent hike every year.
For the first three years, you are free to walk away from the property, just like leaving a rental. Ownership simply reverts to the seller.
After three years, your previous payments are considered the “down payment” on the property. The contract converts to a traditional mortgage. You continue to make the same payments, but now, you have equity in the home.
So, you can get the short-term flexibility of renting, but if you realize you’ve settled down, you’re already well on your way to ownership.
Landlords get a way to claim that the property is occupied by the “owner”, and avoid the massive tax hike.
Adopting this, the only properties that will remain “for rent” will be the spare units in duplexes, triplexes, and quadplexes, where the landlord occupies one of the units.
Land Contracts and Contracts for Deed aren’t considered mortgages so they lack tax incentives as well as legal protections for buyers and sellers, but yes I do agree that a long term contract beats a monthly rental agreement in terms of locking in a rate.
Sometimes you can get trapped in a contract that would disqualify all your payments up to that point if it doesn’t have terms about cashing in your equity unless you pay the full amount due via selling to a third party or getting a bank loan with which you can repay via renting or selling your property like some sort of sick landlord carousel.
I definitely don’t know if I would “recommend” this route for people who aren’t well-learned in matters of real estate, if they do go this route then I absolutely insist they have a trustworthy attorney act as intermediary for the transaction.
Thank you for expanding this discussion.
