cross-posted from: https://quokk.au/c/mop/p/606772/landparasites
Had an ex whose parents owned a handful of properties. They referred to their tenants as “money trees”…
The mom and pop landlords aren’t the problem. Corporate landlords who buy up fucking buttloads of housing are the problem.
- Crack down on price fixing
- Don’t let corporations run AirBNBs or similar
- Don’t let corporations own any rental building under approximately 10 units.
- Don’t let rental buildings have more than a low percentage of empty units for turn around. They have to lower the rent then. If it goes to $200/month, then so be it.
There are so many things to try, but Trickle Down Housing never works.
A person who owns a house, wants to downsize but can’t get themselves to sell their childhood home isn’t the problem. A grandma who can’t keep up a 4 bed house and rents it out while moving to a one-bed serviced flat (opting to gift the 4 bed to one of the grandkids once they’re old enough) isn’t the problem. If anything, these people help with the housing scarcity by opting to live in accommodations more fit for their needs while making larger (or in some cases, smaller) properties available to those who can’t buy outright. I’d even argue that larger companies who manage 30-50 properties on behalf of a landlord aren’t the problem either, since most of those properties would be in private ownership anyway.
No, it’s the bit corporate landlords who don’t just manage but buy up properties like there’s no tomorrow, often entire neighbourhoods, just to be able to increase profits and force people out to make way for “rejuvenating” projects (usually shite quality flats with exuberant rents) are the issue.
In Australia 72% of landlords own only one investment property. They fuck us over at every chance. It’s the same grift whoever plays it, they chase the highest market rates and pay the least expenses (I.e. neglect repairs, substandard maintenance, etc.)
Your meme has a misspelling.
Wha do you mean?
“The buy”
Whooosh
Your meme contains text. One of those words in that text is misspelled.
It’s landlord’s fault
Why dont you buy the condo then to cut out the parasite?
Stop it. We understood you the first time
Sometimes they just build a giant house and didn’t buy it tho.
That’s why we need tqx increase for each additional living unit you own after your main one. E.g. if you have 3 apartments, one has low tax but the second one has super high taxes each year and the third one is twice expensive then the second one to keep.
We need to create a monetary incentive not to accumulate living spaces.
The prices of rent would probably be steep qt first but in the long term the mutiple homeowner will try to get rid of their additional housing and there would be more available housing in the market as a whole, so lower prices for people to buy their first own home.
So now i can.
I took over a property for a deceased family member and after cleaning it up my wife and I rented it out to a young family. They were excellent tenants and we never once raised their rent for almost eight years.
The meme that OP reposted for the billionth time is ridiculous and a wildly entitled generalization.
Every time something needed to be repaired in that house meant at least two months rent were gone and we had to go into personal debt until we caught up.
We sold that property because there was no way to make it break even.
“I was a landlord and I couldn’t figure out how to squeeze the tenants for every cent so the meme is entitled garbage” is quite the take, and honestly hilarious given the community it’s posted in.
Whoosh
Don’t expect any sympathy. This is an anarchist community.
I didn’t come here for sympathy. I just want folks to understand how they’re wrong.
So you provided them with a living space that needed frequent repairs, which you couldn’t actually afford.
But it was cheap.
You and your wife ‘cleaned it up’ inadequately, you know, landlord special type shit, but it kept needing repairs you couldn’t afford.
And then you eventually sold the property you could not figure out how to afford to maintain, … probably around the point where you could have become legally liable for not providing safe and adequate housing to your tenants.
… So you were a micro slumlord, of a shoddy quality living space, that you received for free, via a will or something similar.
It took you 8 years to unsuccesfully renovate a home, with paying tenants living in it the whole time.
Those tenants lived there for 8 years.
Did you sell it to them?
Probably not, they haven’t been able to save any money, thanks to paying you rent, for nearly a decade.
But, you could have just initially sold it to them at a discount and explained that it was gonna be a fixer upper of a home.
