251–260 of 594 posts
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Primarily Vienna. There's nothing complicated about what Vienna did - other cities just prefer to please billionaires instead of providing services to citizens.
I mean, to be fair, having your population semi-permanently depleted by two major wars and a fundamental loss of national economic centrality and prestige will help you keep a fixed stock of social housing lasting longer.
i occasionally come across some of the forums and online groups of landlords and the things they have to deal with, particularly in cities with strong protections for the tenants and its interesting to watch the perspectives. on one hand i feel for some of the landlords who have to deal with some of the very real slacks who go out of their way to be difficult tenants. on the other we’re talking about homes, by this i…
The landlord can divest themselves of the property. It's also ok if people lose money on investments. I don't think you have to feel especially bad for landlords.
The more likely it is for landlords to lose money on the housing provided, the more rents will go up to account for that risk premium. It's no different than risk-return calculations for any other investments such as stocks.
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With all due respect, do you consider yourself, with ~55 active tenants/leases, to be a "small landlord"?
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
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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.
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nah, having 6 buildings(not houses, if were being precise with terminology here) with multiple units in each, is not a small time landlord. If you can live entirely off the rental income then you are a full time landlord and can at best claim that you aren't a large corporate landlord, but you don't get to invoke the idea that you are some sort of mom and pop situation renting out a spare unit, which is what people a…
I'm the OP—just chiming in, I can just hardly live off the rental income I make, but its a lot less than my salary as a senior SDE. Yes what I am is not analogous to someone renting out a few extra rooms. I just think my experience is analogous to that of a small time landlord in that I know each tenant very well and we have good relationships—and I manually handle each part of their tenant experience. To add more de…
there is a large gap between "can live off of"(my words) and "a lot less than my salary as a senior SDE"(your words). If you're making more than the median household income which based on the fed numbers is ~84k/yr[1] you've crossed the line past small time landlord. You may be making less than that, but I am going to be surprised if you are with ~55 tenants.
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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…
Wouldn't 20% tax on rent just lead to 25% general increase on rents? I don't think there are that much margin around in leveraged landlords. Really better would be just to bump something like income tax and use money from there for same purpose.
Two landlords, one with a mortgage, one without, will charge the same amount for the same property.
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It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…
> And when there are other demographic groups—like immigrants—who are absolutely, verifiably and consistently reliable as tenants. I know someone with something like 120 units. Unassuming nice old lady that makes over a million a year. She tries to rent to immigrants as much as possible since they don't cause issues.
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Yes I’m doing it for the money, I have to be compensated for my time and the financial investment obviously. People who decide to deceive me break not only a social contract but also a legal contract and a commitment they made at the time of signing a lease. If everyone acted like them, there would be no stable housing available for anyone. Talk about a bad take…
> Yes I’m doing it for the money Right, so not well meaning. You said well meaning. You're taking that back. Correct? You're upset at someone maximizing money at your expense. You like it when you maximize money at someone else's expense just fine. Correct? The world's smallest violin is playing. Please no 'I'm providing a valuable service' argument. We've already established your only interest is money.
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Don't rent it then. All these laws are designed to make being a landlord hell so that people won't be landlords.
So, you would like there to be less housing, which makes housing more scarce and raises prices on everyone else?
Having 3 empty rooms helps no one except corporate landlords that can navigate and scale (and collude…).
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Tentant protection laws are always a matter of degree. Requiring a process in order to evict tennants is a good thing. If the process is unsatisfyable or extremely lengthy, I don't think it's a good thing anymore. There should be a way to get destructive and severely disruptive tenants out in a hurry. Ordinary breach of contract things (failure to pay rent, problematic behaviors that violate the lease but aren't an i…
Is there any morally valid reason to evict a tenant other than nonpayment of rent? For bad behavior that should be between them and the police, not you.
At least as long as 'no X' is a reasonably moral thing to restrict. So no pets, no working on cars in the parking lot, no smoking, no loud noises/no more than N police noise complaints, etc. At least my moral code allows one to form a contract that restricts such thing and that when one party refuses to honor a (reasonable) contract, the other party should be able to require the breach be mended or the contract be ended, and that some breaches can't be mended.
Some things that might not be stated in a lease but would also be reasonable to evict for could include no interfering in the quiet enjoyment rights of neighbors, no storing of dangerous goods, no causing dangerous/unsafe situations.