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Funny how if you remove all landlords no one loses their home.
People who can no longer afford their mortgages would disagree with you.
Edit: I’ve absolutely no fucking idea why you all think I mean landlords here. You do realise normal people have mortgages right? And if you don’t pay them, the bank take your house and make you homeless?
People who can no longer afford their mortgages because they suddenly can’t leech of off working people can go fuck themselves.
“There’s a great place to go when you’re broke: to work!”
- big time landlord and big time conservative asshole (but I repeat myself) Dave Ramsey.
Luckily all these rugged individual landlords already know exactly where their boot straps are! Right??
Is he hiring? Is he willing to pay a reasonable living wage?
If not he should STFU.
reasonable living wage?
Whoaaaaa hold on there Chairman Adolf Stalin!! Are you asking him to stifle his innovation??
Fuck landlords bitch.
I and many working people like me can’t afford a mortgage EVER because all of the market is bought up for renting, so they would become just like me, except I’d have a real fucking job
Ban landlord culture and property prices drop.
Kinda sucks for those already with a mortgage. Defending rental culture because someone might lose out now only guarantees that an ever increasing majority lose out in the future.
Yeah it would suck to have my house drop in value while I still owe the bank so much money, but anyone who isn’t willing to suck it up for the obvious greater good is an asshole.
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It’s not just landlords pushing it up.
The constrained supply, the low interest rates, the greedy banks pushing bigger and bigger mortgages, government “help to buy” schemes which appear to be a way to help people buy homes, but in effect just pushes the price ever higher…
The centralisation of jobs in certain areas. We have the internet. This could have practically solved the property crisis on it’s own, along with overloaded transport systems and pollution, but rich people were losing too much money, so back to the office, plebs.
Constrained supply
But there are empty properties now. There is supply. House prices are too high for all of the property to be affordable. That is because property as an appreciating investment is valuable. You can only live in one house, to buy multiple properties and have that appreciated investment, you are a landlord.
Low interest rates
allow you to buy a property. They allow people investing in housing to buy many. It results in the above.
Banks pushing bigger mortgages
Sure
Help to buy
Allows affordable housing to become an investment. See my first point.
Rich people were losing to much money
Yep, some of those people were landlords who were finding city prices dropping.
Clearly landlord culture isn’t the “only” problem. But fuck me it’s a big part of the issue.
So? Then they shouldn’t have gotten real estate to begin with if they can’t afford a house. A person who relies on renting property to make a living are leaches living off the working class.
You do realise normal people have mortgages, right? I don’t know why everyone has just assumed I’m taking about landlords here…
They should find a job
Why would mortgage prices go up without landlords?
“Concerns” like this is why the housing situation will never be fixed. Guess what? Fixing the housing crisis will always means stopping it from being a profitable investment.
what mortgages? shelter must be a right. people shouldn’t be allowed to own other people’s homes. everyone should be provided with housing by paying taxes or being covered by social aid systems.
Landlording isn’t a real job. It provides no value to society.
Landlords can change that by simply changing businesses.
