Comment on Don't forget to tip

• CosmicCleric@lemmy.world ⁨8⁩ ⁨months⁩ ago

  This means you pay 110% for your second, 120% for your third, 200% for your 11th, and so on.

  That cost would just be passed on to the renter.

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  • AngryCommieKender@lemmy.world ⁨8⁩ ⁨months⁩ ago

    Not with rent controls passed as well.

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    • CosmicCleric@lemmy.world ⁨8⁩ ⁨months⁩ ago

      You’d have to have those too, true, but they seem almost impossible to pass, for tax collection reasons.

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  • whofearsthenight@lemm.ee ⁨8⁩ ⁨months⁩ ago

    For the first few, but there is a point at which it stops being feasible. “Hi, I’m interested in your one bedroom in Bumfuck, ID, how much is rent?” “Well, I own 17 properties so it’s $93,000 a month.”

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    • CosmicCleric@lemmy.world ⁨8⁩ ⁨months⁩ ago

      Still think the big corpos would just pass on the costs, and get away with it, by using financial shenanigans.

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• Blackmist@feddit.uk ⁨8⁩ ⁨months⁩ ago

  I think there’s a few more parts.

  Lack of housing means that you have to bid more than anyone else in your area was offering, including greedy wannabe landlords who watched an episode of Homes Under the Hammer and think it’s easy money. When I bought my house, I tried haggling down. Now they’re haggling up. Even if the landlords weren’t an issue, you’d still be competing with all the 30-something couples in your area desperate to get their feet on the housing ladder.

  Insanely low interest rates has lulled people into the idea that the crazy prices “aren’t that much” when paid back over 30-40 years. Rising interest rates would fuck a lot of people over who suddenly find their wages going up by 10%, but their mortgage payments going up by 100%. Plus who wants to still be paying off their house when they’re pushing 70? Fuck that noise.

  Governments and local government need to step in and provide housing at reasonable rents. The glorious free markets have had housing for too long and fucked it right up.

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  • shasta@lemm.ee ⁨8⁩ ⁨months⁩ ago

    This is why you get a fixed rate mortgage

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    • Blackmist@feddit.uk ⁨8⁩ ⁨months⁩ ago

      Is that standard in some countries?

      Most of the ones I see in the UK are like 5 years, max.

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      • homura1650@lemmy.world ⁨8⁩ ⁨months⁩ ago

        It is standard in the US. Adjustable rate mortgages are available as well, but they have not been popular since the 2008 crisis.

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  • phx@lemmy.world ⁨8⁩ ⁨months⁩ ago

    Except that rising interest has also fucked up the market for builders who are now producing even less houses

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