Economy Landlords look for an exit amid federal eviction moratorium

[Rational Poster]

Jesus, how hard is it to read?

58% of landlords with fewer than 4 units are owed back rent.

Doesn't really change the point I was making at all, but sure.

 

[oldshadow]

Edit

 

[oldshadow]

And I don't say they're all slum lords; but they all participate in the archaic relic from feudal times that is landlord tenant arrangements. We can do better than that.

So what's your answer free housing for everyone. Who actually pays for it.

 

[WhiteMousse]

I'm in the complete middle on this, because the big issue lies in the fact that wages are going down comparatively, and all expenses are going up. This means that the rich are getting richer, and people who struggle to make ends meet are getting shut out more and more. Your merit increase was 1%. Average inflation is 2.5% per year and in 2021 it was goddamn 5.4%.

Is anybody getting a 5.4% merit increase? No. And that means that everyone will be ultimately making less money. I got promoted last year but if I want to be able to retire I will NEED to promote again, maybe even two more times. Meanwhile huge corporation pricing and payroll models are always, always designed to milk more money in the given industry, while giving none of that PI margin to workers. By the time it trickles down to general managers there's nothing to drink.

This ultimately means that the middle class will be dead in a matter of years. Not decades, years. I know there's a case to be made for survival of the fittest. I won't argue with anyone who says "that's just the way it is." It is absolutely a valid philosophy. But it's exceedingly ruthless and requires that one be consistent when the circle of life eats them as well.

I also understand that there are tons of people who are just fucking lazy, and they're gaming the system. If people were more like ants and less like grasshoppers a wealth distribution system would be valid. The way people are now, I don't see how it could work. "Gibs"

 

[RogerB08]

So what's your answer free housing for everyone. Who actually pays for it.

I find this intriguing.
https://www.huduser.gov/portal/pdredge/pdr_edge_featd_article_011314.html

 

[Bald1]

And I don't say they're all slum lords; but they all participate in the archaic relic from feudal times that is landlord tenant arrangements. We can do better than that.

Call it whatever you want, but it's a return on their investment.

Same basic principle as working. You give up something and in return you get something back. Some people can't invest more than flipping burgers so they get a small return on their investment of time spent doing something everyone else can do.

Property of all types is just a physical representation of effort in plain terms. You want us to do better how? By not rewarding effort, it sounds like.

 

[shankmcgank]

People with 4 units or fewer don’t have a staff of anyone working for them.

My sister has an Air BnB 4 hours away from her house in Toronto, and she certainly has a staff working for her.

I have no idea why you believe that.

 

[ineverpost]

a

If we could be doing better we would be? That's absolutely not true. Systemic change requires the stripping of power from the powerful, in this case landlords who have organizations that lobby on their behalf. All tenants have on their side is numbers. This pandemic has laid bare a lot of capitalism's failures, this is just one of the more glaring ones.

A minority percentage of renters have legitimate problems paying rent and your solution is radicalism. Jeez I wonder why nothing ever gets better. You just went from being concerned with renters to wanting to change the entire government and economic system. Do you understand how this kind of radicalism breeds an equal and opposite reaction from the other side?
You are advocating for war. We could come up with actual workable ideas on how to help people struggling to pay rent and your solution is war. WTF

 

[shankmcgank]

Yeah, they should go work for peanuts just so someone who owns a building can extract passive income from it.

If they are "working for peanuts" maybe they should get a fucking education so they don't have to flip burgers at McDonalds for $5/hour?

Why the fuck should they get to live in someone else's property for free?

How many illegal aliens are you putting up under your roof? Surely a bleeding heart such as yourself must have at least 10 of them you are feeding and clothing, and sleeping in your house, right?

 

[oldshadow]

I find this intriguing.
https://www.huduser.gov/portal/pdredge/pdr_edge_featd_article_011314.html

We have public housing.

 

[RogerB08]

We have public housing.

We have public housing for the very poor. For the working poor who make too much to qualify for public housing but nowhere near enough to live on, we have nothing.

 

[RogerB08]

If they are "working for peanuts" maybe they should get a fucking education so they don't have to flip burgers at McDonalds for $5/hour?

Why the fuck should they get to live in someone else's property for free?

How many illegal aliens are you putting up under your roof? Surely a bleeding heart such as yourself must have at least 10 of them you are feeding and clothing, and sleeping in your house, right?

That's just drivel. Get an education with what money. Would you advocate for "free" college so people can seek to improve their lot in live without putting themselves in a debt trap?

 

[RogerB08]

If they are "working for peanuts" maybe they should get a fucking education so they don't have to flip burgers at McDonalds for $5/hour?

Why the fuck should they get to live in someone else's property for free?

How many illegal aliens are you putting up under your roof? Surely a bleeding heart such as yourself must have at least 10 of them you are feeding and clothing, and sleeping in your house, right?

Also, what are they supposed to do while going to school. Work less hours at the job that already doesn't pay enough to get by?

 

[plataoplombo]

It's all passive income. The profit from the rent and gain equity in the property. All the tenant gets out of the deal is the great privilege of not being homeless and having the rent raised on them reliably every year for nothing more in return. You wnat to make money from investments, roll the dice on the stock market, don't ransom a basic necessity of life.

Nope, can't buy stocks either especially ETF's because a lot hold REITs as part of their portfolio. Also, you can't have stocks since you're making passive income from the value that has been extracted from labor.

 

[RogerB08]

Call it whatever you want, but it's a return on their investment.

Same basic principle as working. You give up something and in return you get something back. Some people can't invest more than flipping burgers so they get a small return on their investment of time spent doing something everyone else can do.

Property of all types is just a physical representation of effort in plain terms. You want us to do better how? By not rewarding effort, it sounds like.

My argument is that things that literally everyone in the world needs such as housing should not be a commodity for individual people to buy up and hold for ransom. And property ownership beng a representation of effort is nowhere near a universal truth. There are plenty of people out there who did nothing to acquire wealth, land, houses and such by doing nothing more than being born into the right family.

 

[RogerB08]

Nope, can't buy stocks either especially ETF's because a lot hold REITs as part of their portfolio. Also, you can't have stocks since you're making passive income from the value that has been extracted from labor.

Good point; lets get rid of the imaginary stock market too.

 

[MoparOrNoCar]

Also, what are they supposed to do while going to school. Work less hours at the job that already doesn't pay enough to get by?

People have to make things called sacrifices. If you are going to school and can't work full time, then you need to rent a room out at someone's house and live in a place you don't want to live to wind up in the job and house you want to be at in 5 to 10 years. Or you can work full time and go to school full time like many people have done.

You guys are always acting like there's no way to get ahead other than to wind up 100k in debt. You can go to community college, get a friggin certificate and make 100k. There may be some bumps in the road but that's what I did. It sure as hell wasn't smooth sailing but it was better than getting in debt for no reason other than that's what people make you think you're supposed to do.

 

[Bald1]

My argument is that things that literally everyone in the world needs such as housing should not be a commodity for individual people to buy up and hold for ransom. And property ownership beng a representation of effort is nowhere near a universal truth. There are plenty of people out there who did nothing to acquire wealth, land, houses and such by doing nothing more than being born into the right family.

I'm a plumber. My line of work provides one of the most neccessary commodities. More so than shelter, if you think about it.

Should I work for free? It's the exact same thing. How someone came about their property is not your business. Asking market value isn't ransom.

Just because you need something someone else has doesn't mean you're entitled to it, regardless if it's a neccesity or not.

 

[RogerB08]

I'm a plumber. My line of work provides one of the most neccessary commodities. More so than shelter, if you think about it.

Should I work for free? It's the exact same thing. How someone came about their property is not your business. Asking market value isn't ransom.

Just because you need something someone else has doesn't mean you're entitled to it, regardless if it's a neccesity or not.

DIdn't say that. You actually provide a service to the people who hire you. Your income isn't passive. You don't just get money every month for owning a plunger.

 

[Bald1]

DIdn't say that. You actually provide a service to the people who hire you. Your income isn't passive. You don't just get money every month for owning a plunger.

Property is physical representation of effort. Doesn't matter who's effort. What is passive now took effort to become something that is of worth.

I don't own a plunger but make more in a day than many do in a week. Why? Because I put in the effort to make my time a valuable commodity.