171–180 of 433 posts
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When I was a landlord I found it very difficult to even cover the mortgage, let alone cover association dues and maintenance. I would try to raise the rent a little in between tenants, and it would greatly reduce interest in the listing.
Why should the rent cover your mortgage?
Would a [premined, escrowed] stablecoin token make it easier to answer these kinds of Transparency and Accountability questions in regards to government spending and government stimulus funding beyond intra-governmental transfers of real value? Said stablecoin token would be hosted on more or more resilient Distributed Ledger Technologies (DLTs; 'blockchains') with a - indeed more auditable - transaction record speci…
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Spending a 10s of millions of dollars to avoid 100s of thousand of deaths would be a deal many rationale people would be willing to make. It’s the ultimate ends justifying the means.
except in this timeline i don’t think we avoided any deaths we just delayed them
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Right now, there's welfare cliffs and other problems with benefits that make it difficult to climb out of benefit dependency. In turn, current programs incentivize people to not do things that increase their income. https://www.atlantafed.org/economic-mobility-and-resilience/... A UBI, instead, eliminates these problems and ensures there's always a reason to increase your income. This in turn removes deadweight costs…
>current programs incentivize people to not do things that increase their income. At what point do they have "enough" income? At what point can we stop chasing more money? The USA already has a really high average income. Why do we need more?
You get a subsidized apartment that’s fixed too 30% of your income so long as you make under 150% the federal poverty level. In 21 that was $12,880 for an individual meaning they would pay $322/mo for rent. I’m virtually every area of the country an apartment at that rent is impossible to find. Should this person really make themself homeless to earn more money doing abullshit job?
This is a welfare cliff and they’re everywhere. Healthcare, insurance, transportation, housing, food, clothing, charity, etc.
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I'm assuming by that they mean the value of the land. And if it's done similar to an appraisal they see what market price is for a sale (which combines the value of the building + land). Then they can estimate how much it would cost to rebuild that building if it were completely destroyed. That's the value of the improvements. The remainder is the amount someone implicitly paid for the land.
This is not great because suppose it cost relatively little to physically build a house but you sold it for a huge amount because it's in some chic architectural style that hasn't arrived yet in this city. So your house was in a crazy seller market and unexpectedly sold for crazy tons. Now you are being seriously penalized for your boldness.
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Vacant housing in Cyanide Springs, Oklahoma is useless to people who want to be near jobs in Palo Alto. It has everything to do with the supply of housing and how it's been severely constrained over the years.
And what about when you’ve exhausted every square inch of land to shove more housing on? Then the city isn’t worth anything to anyone and you move on to the next city to ruin. At some point, enough is enough and you have to accept that there’s no room for more housing without ruining the city. You could focus on reclaiming AirBNBs and vacant housing and you might be able to make a dent in the problem. Just announce t…
This is accomplished by some clever technology the Italians use: they are able to stack dwelling units on top of one another.
In many ways, it was a more pleasant place to live, since I could walk or bike to so many places.
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> You can't Sure you can. Unimproved value of the land is simply the value of the lot as a whole minus the value of building that sits atop (well, improvements aren't always buildings, but that's a simple example). You can approximate it by comparing it against the transaction prices of nearby lots that aren't improved, or by taking the construction cost out of the purchase price of the lot. > is popular with politic…
So a unit that abuts the el should have the same per acre value as a unit a block and a half away?
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>current programs incentivize people to not do things that increase their income. At what point do they have "enough" income? At what point can we stop chasing more money? The USA already has a really high average income. Why do we need more?
> At what point do they have "enough" income? If you require public assistance for housing and food, I think you don't have enough income. But public benefits can phase out, leaving you in an awkward place where you have more income but less household resources and become unable to feed your family by virtue of making more.
Public assistance? Like UBI?
By using your definition, it is BETTER if we stop giving people money. I'm pretty sure that is not the intended direction
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Likely NOT the landlord's personal domicile's mortgage, but the mortgage on the rental property itself. Landlords with mortgages on their rental property can go upside down on their notes too.
If you can't bear any risk of losing money perhaps you should buy money market funds instead of real estate at 20x leverage.
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Don't think of it as a free handout. Think of it as a dividend on your citizenship. Every person a shareholder of the nation.
Wouldn't that mean UBI should divided a proportion of annual GDP?
As the nation gets more productive, everyone's effective UBI goes up.
If the real value of the UBI gets to be too high and too many people stop working in balance with automated labor, then GDP starts to decline and people start getting worse off and increasingly incentivized to find some productive work to do.
Seems like it could end up being a self balancing system.