231–240 of 594 posts
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> have a hatred for even well-meaning small landlords In what way are you well meaning? You're only doing it for money. The people not paying you rent are also only doing it for money. Sucks when people behave like you, huh.
Society isn't supposed to run on philanthropy.
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The solution is pretty simple: build and unreasonable amount of housing. And entirely new cities. America has enough land. We could build new infrastructure, give people lots of land or build houses like we did in the 40s and 50s. Of the price of a house was brought down to 1x the annual salary of the median individual income some of these problems wouldn’t exist. We need to flood the system with investment and inven…
See Detroit mid-2010s for why massive overbuilding isn't a good strategy here.
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Its spread across about ~ 6 houses. I'm definitely a small landlord. I deal with all tenant issues myself, handle all repairs, leases, and most importantly for me—maintain a healthy relationship (which has grown to many friendships). I use this term in contrast to a faceless, corporate landlord who owns larger apartment buildings. Small landlords and corporate landlords are nothing alike
55 isn’t small by definition and under the law. You may feel small because it’s just you, and you don’t realize how much you’ve accomplished or the asymmetric bargaining position that affords you but your perspective isn’t corresponding with reality. That being said, I do think a system that tenant rights to be as abusive of legal process as we have in some states ends up hurting tenants themselves. I think our court…
Really better would be just to bump something like income tax and use money from there for same purpose.
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There's entire Reddit communities of these people where they encourage and validate their shitty behavior. With some of the stories I've read, you'd have to be positively insane to be a small-time landlord these days, especially in these large cities with kooky renter protections that make it nearly impossible to evict someone. Go watch Pacific Heights with Michael Keaton for a fictionalized account but this stuff ab…
Doesn’t help that the landlords want to squeeze the renter for what they are worth. It’s weird to me that shitty landlords are normalized but shitty tenants get a (rightfully) bad rap. These laws become the way they are because landlords brought it upon themselves for the most part - they’re keeping assets that have massively increased in price and want to extract more and more out of the tenant. If you have a home t…
Also, providing housing is a service that should be done at market rates, and as an investment must yield a return to make sense. Or do you expect stock investments to yield nothing and just retain their value too? Should companies not raise their prices for goods? Do you realize that this also means that you would never get a salary increase? Are you never asking for a raise because you'd be "chasing profits" for yourself?
There's a huge lack of financial literacy in some of these comments.
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See Detroit mid-2010s for why massive overbuilding isn't a good strategy here.
Can you explain more? What happened in Detroit in the mid 2010s, how did itreverse course after that?
There has been massive public investment and popular support to cause a revival of sorts in the city and is a success story.
Go look at some photos from like 2010-2014.
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Where has it been successful, and what counts as success in that? I genuinely do not know.
It's been exceptionally successful in Singapore, for one.
I'm originally from the Netherlands, which traditionally had a strong social housing sector: regions and cities would have their own housing corporations ('woningbouwcorporaties') tasked with building affordable housing. Those corporations were given government support after 1950 to help with the post-WW2 housing shortage, but were semi-privatized in the mid-90s, and in 2015 their scope was strongly curtailed.
It would be reductive to say that this privatization was the sole cause of the current housing crisis affecting the Netherlands -- rents and housing prices have also increased a lot in Singapore since Covid -- but it probably didn't help.
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Yeah… these laws for private landlords to subsidize housing for other families. If you only have 1 rental property and your tenant doesn’t pay, that’s a 100% loss of revenue while your family personally bears the cost of supporting this other family. Whereas corporate landlords can absorb these losses by raising rents on 100 doors to cover the families that refuse to pay
Don't rent it then. All these laws are designed to make being a landlord hell so that people won't be landlords.
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Nothing on that list sounds like a particular hardship. Your "Oh, and" is unfortunate and ought to be addressed, but then again, that was intended as your cherry-topper, not your main course. This is people's _homes_ we're talking about here, not a baseball card where privileging the owner is without too much consequence. If you lack the empathy to understand why this is a special case, maybe don't be a landlord.
Actually landlords have a reasonable expectation you don't turn _their home_ into a crack house and no one should be forced to rent to scumbags.
It's not their home.
They can't walk in, wipe their shoes on the hallway rug, make a pot of coffee, use the bathroom, turn on the TV, and take a nap on the couch. At least not without their tenant's invitation.
When they chose to rent out the house they yielded some of their property rights. The old landlord argument that "it's my house I should be able to XYZ" doesn't hold water.
For those looking for the actual data. It's from 2024 - says nothing about the current situation. * ~37K affordable housing units (baseline) across ~400 projects * 89% rent collection rate (down from 90.6% in 2023) * That's 600 units that went 'delinquent' in 2024 - assuming a $24K 'base' rent (just a guess) that's $15M in lost rent. * Deeply troubled projects (that can't survive without this rent) are at 11% - seems…
> We've tried free housing before - it suffered tragedy of the commons. Not paying means no ownership means subjugation to the worst actions of the worst members of society We tried cramming people from generational poverty into one place and it didn't go super great, therefore public housing as a concept must be the failure, and not our hilariously bad implementation? Singapore, Austria, Finland, and even a number o…
89% of these projects are - in fact - doing well. But that number is decreasing. The net result is less supply of public housing in one of the richest states in the entire world.
I'm not sure what your proposal is?
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Can you explain more? What happened in Detroit in the mid 2010s, how did itreverse course after that?
Detroit was the hub of the auto industry. Outsourcing and foreign competition hollowed out the central city (which deliberately didn't have public transit) and left gigantic abandoned houses and skyscrapers throughout. There has been massive public investment and popular support to cause a revival of sorts in the city and is a success story. Go look at some photos from like 2010-2014.