Property tax needs to go up exponentially with the quantity that you own
Council housing when?
Submitted 2 months ago by cm0002@lemmy.world to [deleted]
https://lemmy.ml/pictrs/image/05506052-d527-4f8c-b972-d88c3a1b9323.jpeg
Comments
zipzoopaboop@lemmynsfw.com 2 months ago
kameecoding@lemmy.world 2 months ago
And companies own, or even better that better have some good reasoning for buying a property that’s for living.
Delphia@lemmy.world 2 months ago
With an exemption for the first 5 years after building. Companies and investors need to be incentivised to build property not hold onto it.
Katana314@lemmy.world 2 months ago
They could also tie it to occupancy. If a functional residence goes more than half the year without someone living in it, property tax is quintupled.
There’s danger to writing such a law correctly, unfortunately. I recall something in Ecuador where people were leaving extensions to their home just barely unfinished so that they could avoid certain residence laws until they had a buyer.
henfredemars@infosec.pub 2 months ago
They actively colluded through price-fixing software, and very little is done about it.
mosiacmango@lemm.ee 2 months ago
Lina Khans FTC sued them, but you can bet that will be quietly dropped soon.
Excrubulent@slrpnk.net 2 months ago
“It’s the market” is another way of saying “because I can”.
They don’t have to raise the rent to match the market, the market is simply a signal to them that if they lost you by raising the rent, they could potentially replace you for the same or higher rent.
They could ignore that and leave your rent alone. They don’t. It’s a choice.
terraborra@lemmy.nz 2 months ago
Look, what I’d say to you is, that we are laser focussed on delivering outcomes that synergise with our plan to get on with undoing the housing crisis the Labour created.
Devanismyname@lemmy.ca 2 months ago
No one is forcing you to raise your prices you cunt.
commander@lemmings.world 2 months ago
Not necessarily true. There are powerful cultural forces at play that they’re not willing to acknowledge, yet alone overcome.
We’re kind of in the same boat. We think that if we have more, then we deserve more before those who have less. That’s just what these people are doing, only they’re doing it way better than us.
melpomenesclevage@lemmy.dbzer0.com 2 months ago
no, and they’re eager to, but I think if they ever tried to not, things would go badly. that’s bad for the market and drives down everyone elses profits. there would be a lot of solidarity against them by the class of people that own the police.
SoftestSapphic@lemmy.world 2 months ago
“Everyone elses profits” means other landlords and property owners, not people who plan on living in their home.
Why does being a landlord need to be profitable? Why does bring privlaged enough to own a human right come with the right to free money?
Agent641@lemmy.world 2 months ago
I use these memes to gradually radicalize my friends and family 👍
IDKWhatUsernametoPutHereLolol@lemmy.dbzer0.com 2 months ago
Abolish Capitalism When?
The core problem is capitalism, landlording is merely a symptom of capitalism.
melpomenesclevage@lemmy.dbzer0.com 2 months ago
capitalism is the idea that value comes from ownership, rather than labor. landlording is just the purest expression of capitalism.
DragonTypeWyvern@midwest.social 2 months ago
That’s not really true, per Smithian capitalism but Smith also called landlords parasites so
fuamerikkka@lemm.ee 2 months ago
This.
commander@lemmings.world 2 months ago
The core problem is consumerism. The idea that if you have more, then you should get more and spend more while complaining you don’t have enough.
DevotedOtter@lemm.ee 2 months ago
Wait? There’s NZ memes /community here?
Also peak meme!
flambonkscious@sh.itjust.works 2 months ago
So odd seeing ‘the human thumb’ here. NZ is an embarrassment and this twat is NOT helping
DevotedOtter@lemm.ee 2 months ago
Sorry, I’m new here. Apparently I haven’t enabled my notifications.
But yes it is embarrassing, for him and for us
bawdy@sh.itjust.works 2 months ago
I was about to say, that landlord looks super familiar
yumyumsmuncher@feddit.uk 2 months ago
Lol my landlord literally told me that
finitebanjo@lemmy.world 2 months ago
Some townships and counties have strict regulations and housing authorities which make coops and communal housing difficult, rarely intentionally but often as a result of requiring liability and responsibility for repairs and outcomes.
That said, there is a big push in a lot of cities such as Denver which is allowing more options.
Rivalarrival@lemmy.today 2 months ago
To the occupant, “Land Contracts” are probably the most rent-like alternatives to actual rent.
I would draw a big target on institutional investors, by jacking property taxes through the roof, while issuing “homestead” exemptions to owner occupants. As soon as we do that, every landlord (who doesn’t live on the property) is going to get hit with a massive tax bill…
OR
… they are going to find some way to make their “tenant” qualify as the “owner”.
Here’s where “Land Contracts” come in. These are a form of seller financing. They are recorded by the county, much like a deed. The “buyer” is considered the owner.
With a land contract, you pay a fixed monthly payment, much like a mortgage. That payment normally doesn’t change for the life of the contract: You aren’t going to face a steep rent hike every year.
For the first three years, you are free to walk away from the property, just like leaving a rental. Ownership simply reverts to the seller.
After three years, your previous payments are considered the “down payment” on the property. The contract converts to a traditional mortgage. You continue to make the same payments, but now, you have equity in the home.
So, you can get the short-term flexibility of renting, but if you realize you’ve settled down, you’re already well on your way to ownership.
Landlords get a way to claim that the property is occupied by the “owner”, and avoid the massive tax hike.
Adopting this, the only properties that will remain “for rent” will be the spare units in duplexes, triplexes, and quadplexes, where the landlord occupies one of the units.
finitebanjo@lemmy.world 2 months ago
Land Contracts and Contracts for Deed aren’t considered mortgages so they lack tax incentives as well as legal protections for buyers and sellers, but yes I do agree that a long term contract beats a monthly rental agreement in terms of locking in a rate.
Sometimes you can get trapped in a contract that would disqualify all your payments up to that point if it doesn’t have terms about cashing in your equity unless you pay the full amount due via selling to a third party or getting a bank loan with which you can repay via renting or selling your property like some sort of sick landlord carousel.
I definitely don’t know if I would “recommend” this route for people who aren’t well-learned in matters of real estate, if they do go this route then I absolutely insist they have a trustworthy attorney act as intermediary for the transaction.
Thank you for expanding this discussion.
margaritox@lemmy.world 2 months ago
I wish something could be done about this.
Dumbitch@lemmy.dbzer0.com 2 months ago
If only a hero could rise up…
margaritox@lemmy.world 2 months ago
I mean, every year my rent increases, which is not equally compensated for by what I earned at work. So every year I have less to spend each month.
The thing that pisses me off is that I’m not Asking to be able to afford a house. I already gave up on that a long time ago. I’m only asking to be able to stay at a place that I’ve been living in for 10 years. And by the way, moving is also super expensive. On top of that, let’s say I did move to a place where the rent is cheaper initially, the rent is gonna be increasing every year there too.
I’m just trying to live a stable, modest life without having a panic attack every time I see her, no tape to my door (which usually signifies a rent increase notification).
I really wish something could be done about this.
PeriodicallyPedantic@lemmy.ca 2 months ago
A real bro
A super bro
A super Mario bro
Super Mario’s bro
uriel238@lemmy.blahaj.zone 2 months ago
It’s a Wikipedia day, today.
gilbert31@lemmy.world 2 months ago
Build more housing.
pdqcp@lemmy.dbzer0.com 2 months ago
Most cities are regulated to prevent more housing being built. You should definitely read on the works of Strong Towns, and similar groups, and how you can help change the landscape of your city
Their website is great and has a ton of details www.strongtowns.org
ADTJ@feddit.uk 2 months ago
Doesn’t work if landlords just buy that too.
Needs proper regulation
shortrounddev@lemmy.world 2 months ago
You’re wrong, building more housing is THE solution. The vast majority of homes are owned by people who live in them, not landlords. Building more housing is literally the ONLY solution.
Etterra@discuss.online 2 months ago
There need to be apartment building co-ops.
commander@lemmings.world 2 months ago
I keep telling my friends rent is going up every 2 years.
Looks like it’s about that time.
Empricorn@feddit.nl 2 months ago
Have you ever, in your life, received a rent decrease because they were matching the economic conditions…?
WalrusDragonOnABike@reddthat.com 2 months ago
The only way I got that to happen is by putting in my two-month notice and then signing up for the exact same unit when they listed it. Didn’t even have to moveout and they ended up charging us the lower rate for the two weeks between our current lease ending and the new one starting.
marron12@lemmy.world 2 months ago
Were you pretty sure the price would go down, or did you just roll the dice? I’ve watched prices at the places I’ve lived, and they only ever seem to go up. As in, I’m paying $1600, about to get raised to $1800, and the unit next door is listed for $1900. But one place used RealPage, and I would bet the other one used something like that too.
Resonosity@lemmy.dbzer0.com 2 months ago
Big brain
psx_crab@lemmy.zip 2 months ago
Housing price didn’t ever go down in most cases because of hoarding, there’s no way leeches will ever decrease the rent.
shortrounddev@lemmy.world 2 months ago
No, it’s because of a lack of new supply. Most houses are owned by the people who live in them, not land lords
shortrounddev@lemmy.world 2 months ago
The only reason rent would decrease in response to economic conditions would be if they started building tons and tons of houses and supply began to outpace demand. OR, your country were experiencing deflation, which is bad