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Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

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Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#21
post #9

Sadly, this solution never works in the real world.

No but a decent solution would be to regulate landlords. Of course any blue blooded american will cringe at the R-word.

Make being a landlord too tough, rental properties will disappear.

When you hear "landlord", you might think of a Duke enjoying a lavish meal while the tenants slave away in the fields to pay rent. Or a huge corporation. But there are a ton of middle and upper middle class people who are land "lords".

I was one myself. I rented out my house, after moving to another city for a job, to wait for a market recovery post the 2000s housing bubble. I was a landlord for 3 years. I couldn't wait for it to be over. It was a ton of work and tenants already have a ridiculous amount of power, even in a red state. I turned a small profit that only slightly helped paying rent on my new city.

If you think being a landlord is easy money, give it a try someday. I understand we need to ensure fairness for everybody, but the way isn't cartoonishly demonizing all landlords.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#22

Russia does not have landlords (as a medium business). Virtually all apartments available for rent belong to moms and pops who happen to have a surplus so they're renting out. They usually have just one property which they rent out. Add to that retirees who lend out their 2nd apartment to live off it. The prices aren't exactly low but the market is pretty durable as the result. Lots of offerings at any moment at comp…

> Russia does not have landlords. Virtually all apartments available for rent belong to moms and pops who happen to have a surplus so they're renting out. Also known as "being a landlord"? Maybe I'm missing something!?

OP's phrasing is pretty odd. Maybe they're using "landlord" to specifically mean someone that makes a career out of real estate.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#23
post #17

> Now, Colossal Order says, it will be based on a household’s income: “Even if they currently don’t have enough money in their balance to pay rent, they won’t complain and will instead spend less money on resource consumption.” Good idea, negative reward for increased income. Sounds like a socialist utopia. I believe a better option would be to remove mortgages. I have a few reasons for this: 1. Houses are priced bas…

> It doesn't add up.

It adds up when you realise that the number of people entering the country (by birth or net legal/illegal immigration or asylum) is far higher than the number of new homes being built.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#24
post #19

Russia does not have landlords (as a medium business). Virtually all apartments available for rent belong to moms and pops who happen to have a surplus so they're renting out. They usually have just one property which they rent out. Add to that retirees who lend out their 2nd apartment to live off it. The prices aren't exactly low but the market is pretty durable as the result. Lots of offerings at any moment at comp…

I always heard that Saint Petersburg is one of the most expensives cities in Europe compared to income. Is that not the case? (anymore)

That may be the case because of low baseline wages. Some people end up pooling a single apt between multiple tenants to cope. But the expenses are also low, meaning many people are able to own an apartment eventually, especially with the help of a safety net of their relatives. Make somewhat above the median and you can contemplate buying. Not sure if that still works with the lending rates and price fluctuations of late, though.

I've updated wording about "landlords".

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#25

Russia does not have landlords (as a medium business). Virtually all apartments available for rent belong to moms and pops who happen to have a surplus so they're renting out. They usually have just one property which they rent out. Add to that retirees who lend out their 2nd apartment to live off it. The prices aren't exactly low but the market is pretty durable as the result. Lots of offerings at any moment at comp…

How is "person with a surplus who is renting out their 2nd/3rd apartment" anything other than a landlord?

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#26

Earlier quoted context omitted.

The fact that there are a not insignificant number of people comparing this game to the real world suggests that basic economic education is severely lacking. There's actually this great book called Basic Economics, for those interested.

> The fact that there are a not insignificant number of people comparing this game to the real world suggests that basic economic education is severely lacking. Landlords aren't needed for a society to work. A lot of Eastern European countries have home-ownership rates way beyond 90% [1] - that allows the economies of these countries to be able to undercut Western European countries on wages despite everyday cost of…

The reason for this could be a lack of people coming into the country that need a home. If the number of people entering a country is minimal, the demand won't go up, and almost everyone can afford a home. If there are far more people entering then homes get chopped up into apartments and each rented out for the same price the whole house would've been rented for a few years ago. Landlords in this situation are just adjusting the supply to meet the demand, and to be honest doing a better job than, say, the UK government, who just pay taxpayer money to hotels and stick people in them.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#27

Russia does not have landlords (as a medium business). Virtually all apartments available for rent belong to moms and pops who happen to have a surplus so they're renting out. They usually have just one property which they rent out. Add to that retirees who lend out their 2nd apartment to live off it. The prices aren't exactly low but the market is pretty durable as the result. Lots of offerings at any moment at comp…

What definition of landlord excludes people renting out surplus apartments?

As I imagine it, the person who rents out a single apartment for subsistence cannot pull all kinds of tricks that a large landlord with multiple properties will. They don't make the market, merely participate in one.

Moreover, a large landlord will often siphon the income into paying off more apartments for rent, taking them from market. Whereas for these single apartment landlords may consider selling their propertied instead of renting out so they don't hoard the stock as much. Their income from renting out is insufficient to buy more reliably.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#28
post #21
post #9

Earlier quoted context omitted.

No but a decent solution would be to regulate landlords. Of course any blue blooded american will cringe at the R-word.

Make being a landlord too tough, rental properties will disappear. When you hear "landlord", you might think of a Duke enjoying a lavish meal while the tenants slave away in the fields to pay rent. Or a huge corporation. But there are a ton of middle and upper middle class people who are land "lords". I was one myself. I rented out my house, after moving to another city for a job, to wait for a market recovery post t…

You were a hobbyist trying to eke out some income to stay solvent. Even in that situation, you’re upset with the proles and their meager power.

It starts to get shitty when you enter the zone of the dentist with a half dozen or more properties and gets worse as you go up. The incentives are to leverage the buildings to grow and depreciating the property while maximizing the revenue. Just like rent seeking in technology, it’s not pleasant.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#29

Earlier quoted context omitted.

What definition of landlord excludes people renting out surplus apartments?

As I imagine it, the person who rents out a single apartment for subsistence cannot pull all kinds of tricks that a large landlord with multiple properties will. They don't make the market, merely participate in one. Moreover, a large landlord will often siphon the income into paying off more apartments for rent, taking them from market. Whereas for these single apartment landlords may consider selling their properti…

So - two types of landlord. That's the key point here - your original wording confused everyone.

Re: Cities: Skylines II Found a Solution for High Rents: Get Rid of Landlords

#30
post #5

[flagged]

China has higher home ownership than the US

"Today China is a country of homeowners with more than 90% of households owning homes (87% in urban and 96% in rural China) (Clark, Huang, & Yi, 2019). At the same time, more than 20% Chinese households own multiple homes, higher than many developed nations (Huang et al., 2020)"

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