https://www.reddit.com/r/unitedkingdom/comments/oy2ljl/the_uks_parliament_is_full_of_landlords/h7sngf0/?context=3
"...millions of families losing their entire life savings as their hard earned property value drops through the floor."
so much ideology to unpack in this sentence, but my favorite part is someone leveraging their credit rating to hoard housing, creating artificial scarcity while also creating the material conditions for some poor schmuck to have to pay off Good Credit Guy's debts counts as "hard earned".
"So what you're suggesting then is the total abolishment of the rental market altogether"
Yes.
I don't understand why so many reddit bootlickers think this is a gotcha. Everytime I get into a debate with someone over housing it always comes down to this.
the landlord is making a loss
Well stop doing it then. Why do people keep insisting on counting mortgage payments as a cost? It's not a cost, it's accumulating toward an asset that you own.
You'd think that if the business of being a landlord is genuinely a nett loss, these brain geniuses would just stop doing it.
Right? We should play up the fact that Keynes's "Euthenasia of the Rentier" would become a massive re-investment into growth industries like green power (and tech but let's not highlight that lol)
Are you planning to picket Tesco because they make profit off food that people need to live?
:sicko-yes:
What a stupid attempt at an own, it's so common too. You're calling someone a hypocrite based on a line that you made up and imagined the other person wouldn't cross.
That would be cool, I agree we should common agriculture and decommodify food, but right now groceries aren't half my income.
That's horrible that they would have to pay £75/mo to own a house. Renting a house is less than that, right?
I mean, they aren't even losing 75 a month. They're getting 750-75-interest, insurance and taxes in equity, they just have to put a little of their own money in each month.
You know like the investment they claim it is. Why do rich people investments need to immediately provide them liquid income? Paying 75 pounds a month out of their paychecks to get back say 200 pounds is much better than most retirement accounts will return.
i definitely don't day dream about an affordable housing model where a reasonable amount of money is set aside for maintenance and tenants otherwise pay an equitable fraction of the literal mortgage (or better, just the property tax). imagine if a government took over every rental, paid off the banks some fraction of the mortgage, and just charged tenants for property tax and maintenance. :mao-clap:
honestly, i don't think we should pay off the banks for the nationalization of commercial mortgages that they own. but if you don't, and you aren't doing an entire restructuring of society to boot, they'll do what they always do and tank production to starve the poors so that the line can still go up. and that would be bad probably.
They'll do it no matter what. Going after Goldman Sachs / the CEO class is basically step 1 or 2 of changing the world for the better. As it would be impossible to seize means of production.
it's literally the idea that rent is essentially insurance on your major appliances. like that's it. rent extraction is supposed to be fair because "some people don't want to deal with the responsibility of home ownership and maintenance" or "some people can't afford to replace appliances on their own," obviously ignoring that you could just...save some of the profit that would have been extracted from you otherwise.
Why do so many people still think that renting is beneficial in any capacity to the tenant.
i think this is a symptom of a series of broader social ills. our economy is obfuscated by the "objectivity" of money, people have batshit insane ideas about how the world works because they're educated wrong (in particular about history and the inherent importance of economic conditions informing what happens), and they don't have the capacity for noticing this because we're all radical individuals. if people are properly understood as members of their social groups, then grinding a ton of young Black people in the u.s. into homelessness and then the prison system is an obvious problem. if everyone is, on the other hand, primarily an individual, then you don't even have to notice this really. you just don't even see it if your social group is one of the protected ones, when someone falls out of it their personal failings are to blame. if you aren't in one of those privileged groups, you still lack the tools for a systemic analysis, so you just watch on in reactionary horror as people you know get sucked into the meat grinder, helplessly hoping that you aren't next.
In my experience it's less that you "ask" them to fix it, it's that you get on your knees and beg them to fix it, while spending $15 a day at the laundromat.
I really expected things to break a lot more often in my house from how people talk about that, but yeah, they really don't. In a year and a half since we moved in, we've had a single unexpected repair. The house is 70 years old.
As long as you keep up with very basic maintenance, 95% of the costs will be the mortgage.
My parents have turned their house into the ship of Theseus despite it being perfectly fine. They decided to make housework their hobby and are constantly fixing shit that doesn't need fixing.
Except landlords would still landlord in that scenario - even if a rental house didn't cash flow for the 20-30 years of the mortgage, what do you think happens after the thing is paid off?
Weird, the landlords own the place outright & still are able to extract rent for the next 100 years.
It blows my fucking mind that rents are even close to what the mortgage payment is, it's almost like the system is straight up designed to turn a ton of fuck heads into
parasiteslandlords.Yeah, big fucking assumption that landlords actually take care of shit instead of just letting it rot
You might've been shadowbanned, I'm not seeing your last reply (Now you got it) when I click the thread. I'm not sure though, I don't know entirely what shadowbanning looks like.
Wow yeah I just checked it on an alt and that doesn't show up, but then comments I've made that are newer than that one are showing up just fine so...
Maybe it's an automatic delete because I started the comment with emojis so it gets flagged as spam?
