You got a raise? It’s my raise now.
i got rent increase notices immediately after every ‘covid check’ was announced.
Which is why I plan to never move. My rent has never gone up and I keep printing out and signing extensions. I have the laziest landlord ever. Guy can’t even be bothered to raise my rent since that would involve some level of work on his part.
He may just be satisfied with you as a tenant and doesn’t want to raise the price so you will stay. Not every landlord is a dick.
Or he’s just lazy as you said.
I’d second the “not every landlord is a dick”, some will even lower the rent price when the demand goes down even though I continue to rent, not start a new one.
But that’s relatively rare, unfortunately
My mother is like this. She rents out her house for under half it’s market value.
The tenants know they have it good though and do a lot of things that really should be my mother’s responsibility like pay for or do minor repairs when they come up.
I have told my mom that the needs to raise rent at least some because she’s not saving enough for big things that will come up like roof replacement, but she’s terrified of her tenants leaving.
that’s what we used to have here… stable and very reasonable rent for 20 years, through several ownership changes, even. then this last and current one is just your stereotypical greedy landlord,
Me too! My landlord didn’t even ask if I was impacted by covid, or if I was even still employed… He just raised the rent to a level I’ve never seen before.
Were you not on a lease? Lease contracts always lock your rent in for the time period they’re good for.
Some leases lock in yearly increases, though, as part of auto-renewal. The last house I looked to rent included an auto-renewal clause with a fucking 5% annual increase. I noped out even before getting to the part that made me as the renter responsible for replacing the sewer if there was ever a problem with it.
first thing the current landlord did when he bought the building is raise the rent for all tenants… despite everyone having leases–the terms and obligations of existing leases is supposed to transfer to a new owner. but they don’t care, and they 100% would have raised them further (and in addition to the other increases since), had anyone pursued any sort of action against them. we have very little in terms of tenant protection laws here.
How bad is it where you live? Where I’m from that would be a fairly easy small claims court suit for breaxh (or done in bulk, you’d get all the tenants together and do a class action for breach).
Man, I went years without a cost of living increase… I told my landlord this, and that same year he raised my rent over 10% with only 60 days notice. That’s illegal in my state on two different levels. I met with an attorney, and the was basically nothing I could do that wouldn’t result in me needing to move out.
At the time, the rent was really bad in the city. I could find a comparable place to live, but the moving cost and hassle was too high.
This is how landlords do whatever the fuck they want and get away with it.
It’s the free country thing. Typical rental leases renew every year (and typically, renters like that freedom). A landlord can simply decline to renew if you’re “too much trouble”.
So you could challenge the illegal rent increase in court and win, but then he declines to renew. You could refuse to pay the illegal increase (doing it the right/legal way) and/or even just stop paying rent. But then he eventually evicts you, or just declines to renew.
In the end, rent is supposed to be temporary. And when it is temporary enough that moving out can be your leverage, it works. If you are settling down somewhere, it really should be owned.
My landlord keeps getting violations from the HOA, and the HOA is straight up making rules up. I can’t sue the HOA for this (which is 100% what needs to happen to get them to stop), because there’s a legal layer between the owner and the tenant…
So yes, shit is broken. He refuses to call them out or take legal action against their harassment of my family. This is really obvious stuff, too. The latest violation involves them accusing me of having open flame torches on my patio. I own solar powered LED lanterns. They want to fine my landlord $100 for this.
I told him I won’t pay it. They are charging HIM, not me, and there’s nothing in my lease or the HOA’s CC&R’s saying I can’t own solar lanterns.
This guy has violated state, federal, and city laws over the last half a decade. He’s also a slumlord that never fixes anything. He once made me wait a year to get my front door handle repaired (sure, I could have fought that, but then he’d have just raised my rent.)
I hope he gets fined, and I hope he fucks around, because I’ve got an attorney ready.
I’m not saying to never take shit from your landlords, everyone… But at some point you have to stand up and tell them to fuck off. Rent is out of control in many cities right now, but that’s not an excuse for the often abusive landlord-tenant systems. Landlords should NOT exist.
I’m sorry you’re having to go through that. I’ve had a nightmare landlord before and it really fucks with your mental wellbeing. Best of luck to you!
I just bought a house from a guy who had been renting it out for thirty years and I’m now in the process of fixing all the shit he neglected during that time. I can’t believe that anyone was willing to rent this place for any amount of money, let alone the $1300/mo he had been getting for it. The kitchen ceiling was sagging down a foot in two places and held up literally only by the paint and caulk, thanks to mice - I got showered with mouse poop and urine-soaked ceiling tile material when I demo’ed it. The electrical outlets were all partially blocked by the baseboard radiators, which was probably a good thing because they were all ungrounded 1940s-era receptacles with the hot and neutral wires hooked up in reverse. One light switch caused the circuit breaker to trip as soon as I flipped it. Not a single door in the house could actually be closed (not even the front door) so I had to reset the hinges; one door looked like he had tried to fix the problem using a beaver with dental problems.
He sold the house as “rental ready” and I’m five months into the renovation now. I like to think the house appreciates my being here.
It isn’t in Charles Village by any chance is it? I’ve got some war stories with Ben.
Nah, never take shit from your landlord. They’re expendable leeches on society.
Landlords should NOT exist.
There is the Georgism position where rent is discouraged with tax which is set to share out society’s share of the value of limited natural resources
It’s hard to run a civilisation without landlords, since some people are not in a position to buy land and need to borrow it.
since some people are not in a position to buy land and need to borrow it.
Some people have no desire to buy land, and want to borrow it. More than half the people I know (and I’m in my 40s now) have no desire to hold the liability of needing to sell a property to be able to move halfway across the country or world. They don’t “own” their, so they see having to literally own it as a problem. And they are willing to pay more in rent than a mortgage (which happens regularly in some areas around me).
There are shit landlords, and there are decent landlords. I think half the problem is that while some areas have great protection for poor renters, they often don’t have great holistic renter protections. In my state, for example, government-subsidized rentals have the most apartment quality regulations. But after that, you’re expected to leverage your rent to force action… without actually withholding it in any way somehow. And small business rentals? Even worse. I have a buddy who runs a breakfast joint. The heating system in the building died, so the landlord said “well if you want to stay open in the winter you should fix that”. So he installed a minisplit and the other business in the building had to close for the winter. Ultimately, both businesses started withholding rent (against lawyer’s advice) and he finally caved and called his renters “cheap bastards” as he got heating installed (and it was like a comedy that the heating company walked out on him twice for his after-contract renegotiations).
I’m ok with someone owning and renting out a building. But it should be somewhere near the level of quality the renter would maintain the place if they owned it.
If there’s more need to sell land then land prices will inevitably go down. Then everything gets better. At that point, we can afford to have multiple properties while trying to sell.
The system is
brokenworking exactly as intended.Just not designed to work for OP.
If by OP you mean literally any renter then sure. The term is landLORD for a reason.
Of course that’s what I mean.
Is this 2/3s of income plus tip or is the tip included? Because if you want to save money, tip your landlord less!
Yeah, but they really deserve that tip. They work really hard, you see. Just the other year my landlord was hard at work promising to paint over a wall he ruined with repairs.
I bet he’s going to get it done any day now!
Gosh, maybe it’s because my last tip was too low… It’s probably my fault.
As a general rule, it’s always the renter’s fault.
And don’t underestimate the effort and work and emotional energy spent on postponing painting the wall, feeling bad about it, postponing it again, … they spent a lot of time and energy on that!
Give your landlord a negative tip.
I donno, is that even legal?
In my area it’s more like 13/12ths
The other 1/3rd goes to the feds, so they can pay for
roads,social safety nets, nukes, drones, unconstitutional domestic surveillance programs, and Israeli genocideRemoved by mod
Tear down the military industrial complex. We’re sandwiched between oceans on the east and west, and friendly neighbors on the north and south. Nobody’s going to invade us. We don’t need the world’s largest military.
The cartels south of us would like to have a word.
So would Trump supporters.
Alcoholic beverages would be a good place to start
Removed by mod
I really wanna make a joke about Irish cream, Irish whiskey, and an Irish stout, but I feel like that could get me a visit from a dozen letters worth of government agencies
Have you heard of revolution?
U first
What does that even mean?
What part is confusing? The people advocating for revolution are often the last ones to the frontline. Just like these brave folks on Lemmy.
Pearls before swine
Removed by mod
Destitution? Definitely heading that way has been getting progressively worse for the last several years at least. Critical mass? Not yet previous generations are weak and people are idiots. I think radical thought is increasing especially among the younger generations.
There are in betweens.
Not listening to you
This Was perfect
Yup, same here. System is broken.
I have seen the amount paid in property taxes in USA via Zillow and… It is HUGE. No surpries that rents are so high. Rent have to cover minimum taxes, maintenance and part of house value. These expenses set the minimum value of a rent. But why you have so high property taxes? Cause enterprieses and billionaires don’t pay taxes and cause they put their huge capitals also in real estate, raising the prices. The problem is that real estate is a right ( house ), but also an asset.
Or u know, live in California where the boomer who owns the house is paying 1200 in property tax.
Taxes are astronomical because prices are inflated because of buy-to-rent.
Taxes on single-family residential properties should be like 50% of land value annually for third-homes and up or homes owned by non-human entities. Make it so fucking expensive to own extra houses that they get unloaded cheap to people who will actually live in them, and at the same time reduce the taxable value of the land because it’s selling cheap.
deleted by creator
Property tax is like 2-3% of the property value in my area, the comment you are reply to is just suggesting making it 50% of the value of the plot annually for people who are buying their third property or commercial buyers.
They are saying that it should be for third homes to discourage owning houses in bulk
No, ey said that taxes should be 50% on the third house (and on, probably), not the first one
A 50% tax on land value would be cheaper than my current tax rate on my home xD
I have seen the amount paid in property taxes in USA via Zillow and… It is HUGE
A snake eating its own tail. Lenders keep cranking out cheap loans, inflating the money supply. Buyers keep bidding up prices, inflating the cost of housing. Municipal governments need the extra cash to fight the endless “crime wave” that mysteriously crests every election cycle, so they’re always ratcheting up their spending for larger and more comically overequipped police departments. And then we’ve got another big economic downturn, so its time to lower interest rates and send out a new wave of cheap loans.
Nobody can afford to have housing prices go down. Just look at what that did to the economy in 2008.
Cause enterprieses and billionaires don’t pay taxes and cause they put their huge capitals also in real estate, raising the prices.
The threat of capital flight (which would leave you with a large number of unpaid and extremely irate police officers) means you can’t risk upsetting the ultra-wealthy.
And besides, their job isn’t to pay taxes, its to create jobs. They employ people in your town and then the employees pay the taxes. The employees get to see their housing prices rise, so they grumble but don’t complain too much. And then you have more money to hire more cops to protect against the latest Crime Wave that just so happens to be paired with a wave of housing foreclosures from lay-offs. So its time to clear the streets, re-list the houses at a higher price, and issue new mortgages with another wave of subprime loans.
If you really want to spice things up, maybe we denominate all our accounts in bitcoin, so we can really start speculating.
Many states have tax cuts for living in the property you own. The high tax rate is the state saying “if you make money, we want to make money”.
The problems is that if you live in an house you rent, you have to pay indirectly full property tax. Cause you aren’t living in a property you own.
My city* only levies land taxes on investment properties
If you live in your own home, there is no tax
*Canberra, Australia
deleted by creator
You are right, taxes are a part of the problem. Home scarcity and the fact that real estate is THE asset are another thing
People called me crazy when I didn’t like the fact that they wanted free public transit and for all the bus costs to be put into people’s property taxes. My only argument was those that actually need free bus fare, will be unable to continue affording their places they rent because property tax will go up. They will end up paying the same, if not more in the long run…all for free transit. People couldn’t grasp it and resorted to verbally attacking me. Lol I still laugh.
I think the best solution is tax brackets for houses, like we do income. 0.1% for anything under 200,000, .4% under 500,000, and so on. Get that transit fund from those that won’t use it anyways but rely on the labor of others to fund their mansions.
What’s to stop Trump accounting under your system?
Easy, your insurance policy can’t exceed the taxed value.
The tax bracket is for the landlord, if the landlord pay 0.4% , you pay 0.4%.
Any owner.
Transit ideally should be partly funded in the reduced road cost. Less so for buses, but imaging you linked exurbs and outer suburbs to the city by rail and a simple one lane each way road, instead of a five lane each way highway
I am really not against the idea. The only thing I would say is maybe try it first on areas that are already losing money on mass transit. That way we could massively increase usage. If you are not making money on something stop pretending that you are. NYC system is almost break even so leave that one for last.
Maybe I’m misunderstanding but I don’t believe public services should need to break even. They cost money because they’re a service
I think it is nice when they do break even. It does cost money and effort to run them. I agree it is not essential that they do but it is nice. Cities have budget crisis if their system is running at cost or near it the chances of it losing funding is lower.
Taxes do not set the minimum price of rent, supply and demand do that. A real estate investment can still make money even if rental income is less that taxes and maintenance because land appreciates in value over time. This is why the rich invest in it, and why we should tax them where they can’t evade it.
the problem is blackrock
Thank God I live somewhere where I can work 32 hours per week as truck driver. I don’t even spend a quarter of my income on rent, have a healthy weed addiction and manage to save about 500 euro a month and that while being single.
Where do you live? Many of us need to know
100% Land Value Tax redistributed as UBI por favor!!!
But what if I have a duplex as my neighbors? Or my other neighbors put in a granny flat for their aging grandparent??!!!
Wont you think of the neighborhood character?
Its wild how the entire country is experiencing a housing shortage
Which entire country? This is lemmy.world
Op is even from Lemmy.zip!
I don’t really understand the market failure happening with such a long term housing shortage. By definition there is excess demand for housing right? So it should make economic sense to build more.
When I ask people always say conspiratorial stuff like “they” maximize profit by keeping housing low but even if there was a conspiracy there should be individuals who are not part of the conspiracy who would profit from going against it.
So it has to be either regulatory or funding based, I think. But I don’t know of any recent regulations that would cause this nationwide, “zoning” is probably part of it but there was no one timeline for that, it’s super local. And funding has been free for a decade and a half and homebuilding has still been slow.
I don’t get it.
Where I live, they simply have made it illegal to build any housing since the 60s. It really sucks
Look to other forms of scalping to see how this works at a smaller scale. Scalping isn’t done through conspiracy, but a bunch of small, self-interested actors reducing supply in the market to inflate prices.
On top of that there are actors that are more coordinated and not as small, like corporations that own hundreds of thousands of homes. These corporations can just coordinate internally (not conspiracy, business) and reduce supply to increase their own returns.
This works for smaller actors too though. As long as the number of houses owned is more than a couple, then it’s likely they’d profit from temporarily restricting supply, and locking in renters to leases for more money. They’ll try to slowly sell off their supply without “flooding” the market and hurting the value of their own supply, just like other scalpers.
Scalping isn’t the comparison though because 1, scalpers don’t reduce the total supply. Any scalper who refuses to sell a portion of their tickets, loses all the money they used to buy them, and the opportunity cost of selling them, and there’s no way it’s worth it for any given individual. The supply/demand differential they make money from is that the venues only have a certain number of seats.
Which brings me to 2, theres no equivalent of homebuilders in the scalper world. If some scalpers could generate new seats at the venue for roughly the cost they pay the venue for tickets, supply and demand would figure themselves out pretty quick.
Hard disagree on the last part there. For one, homebuilders again. Their business model is to build the houses and then sell them, if they joined the “sell houses slower” cartel it just means they earn less profit.
But really the whole idea you’re laying out, the math only works if everyone works together, so it becomes a prisoners dilemma. Because say there’s 20 companies slowing down house sales to maximize profit, there can always be a 21st who gets the benefit of the restricted supply from the 20, but they just sell as much as possible and become the most profitable of all. Maybe it’s in everyone’s interest to restrict supply, but it’s in any given company’s interest to sell as much as possible. So it has to be an as of yet unknown cartel of every home seller in the country and there’s just too many of them to have both: Either it includes everyone or it’s secret.
There are absolutely scalpers that reduce total supply. They’ll only list a couple of consoles that they scalp at a time even if they buy in massive bulk, and it’s all done on the pretense of a limited supply from the original seller that they’re artificially limiting past what the market would naturally do (by buying a ton of them up). Given a literally infinite supply, scalpers lack an ability to do anything. Put another way, when they can’t restrict supply, it’s not a viable strategy.
It’s not that they refuse to sell some of their supply, it’s a temporary restriction (all supply restrictions can be viewed as temporary because we don’t have total knowledge of future supply). The temporary restriction benefits them because they can start bidding wars over the reduced supply, and get a higher price per unit at the cost of getting the money over a longer period of time.
The exact same thing works for housing, when you have the same company renting out tons of units but also keeping tons of units in the same area off the market. It means the bidding wars for the smaller supply of units results in more money per unit (lower supply, same demand, means higher costs).
The concept of a prisoners dilemma here only works if houses are fungible, but they’re not. There are sometimes very similar units or even houses in a neighborhood in the same location, and these are almost fungible, but even in these contexts those nearly identical units in nearly identical locations are usually owned by a single entity (corporate or otherwise), so again there’s no prisoner’s dillema, they can restrict supply effectively to increase yield.
The time vs value calculation is different for housing too compared to smaller things like groceries. If you’re a grocery store, and your local distributor of apples lowers the price of apples, some of that will likely go to the customer because of local competition pushing prices down, and you have a constant supply tied to a constant demand of these (from a buyer’s perspective) essentially fungible things.
Houses are different because if you see the price of houses in your neighborhood drop by some significant amount, individual actors who may otherwise want to sell will actively choose to not list their house because they know the value will go back up, and so these actors are all incentivized to vastly limit supply if something in some area cuts the prices of houses (like a huge influx of new homes for example). These individual actors could be literal individuals or corporations.
Removed by mod
Removed by mod
Ditto
It’s not so simple, my mom purchased a property with her divorce settlement and the return on the investment can be good, but it can also be not as good. She remodeled an Oregon property in Salem and sold it for less than cost later. While she did get rent for it before she sold, she could have saved a lot of effort just buying dividend stocks.
Real estate can be a good investment, but it can be a poor one.
It shouldn’t be an investment at all. It should be used. It’s like saying water is a good investment. Sure, if you make it artificially scarce and are okay with a ton of people going without… Nestle.
I really wish other better brands would step up in making more consumable products for people with cancer(protein replacement drinks) or children though. It’s really rough when better options are very scarce.
Oh yeah, to be clear I’m not blaming anyone for buying Nestle, it’s nearly impossible to avoid lmao. Sad but true.
Yup I get you. I managed to avoid nestle but I know I have a privileged life only because I don’t need particular things in my diet. I have vulnerable relatives where they cannot take such options to avoid nestle what with their situation. And I can’t judge them for it. But It’s not a pass on nestle. Nestle need to smarten the hell up. they have no excuses to be terrible.
I make an effort. The truth is there are s9 many things that are Nestle with no Nestle on the packaging due to the different layers of subsidiary companies. It’s practically impossible to completely avoid them without some smart phone app, database, etc (which may even be inaccurate) or a fuckin encyclopedic knowledge of the different brands lmao. Shits fucked, yo.
Right?!? I spend way too much time researching each product over actual use of the product. I had to deep dive to the level of “where is this product produced and who are their relatives and what is their mother’s maiden name??”
There used to be an app or site called “buycott” or something and you could set what you were trying to avoid(example: avoiding human rights violating companies, avoiding specific companies, morals of certain companies, etc.), and you could scan an item and it would tell you. I used it for a tiny bit years ago but didn’t stick with it. Not sure if it’s still around.
This isn’t relevant to the meme at all though.
Also if your asking me to feel bad for someone trying to make a profit off acting as a middleman to a basic human need you’re barking up the wrong tree.
Remodeling a house and maintaining it is actual work
Then let the people who actually need to work there do it.
But… She had money! What, do you expect her not to try to make her gold breed? People with money should get more money! It’s only fair!
/s
She had a few hundred K, she needs to make that divorce settlement last until she retires. Social Security is absolutely nothing
a few hundred k
That doesn’t really make me feel sorry for my comment. I make do with <25k a year. A few hundred k would last me over a decade.
She spends the same amount of money as you do, she just doesn’t plan on dying in a decade.
My mom is the landlord and remodeling houses IS her work. She was a stay at home mom until I grew up, that’s what she does for a living after she divorced my dad. She lives on the rent of her properties while she does each project
She lives on the rent of her properties
This is exactly the thing people have issues with. The whole “I am the breadwinner of my landlord’s household.”
That’s why I thought she should just buy stocks and live off dividends instead. I mean, any investment has a rate of return or people would not buy it
Yup, and housing shouldn’t be an investment. It can be affordable, or an investment, not both.
Then charge for work done on the house like any contractor would, instead of rent for simply owning any old plot.
She’s the one who hired contractors. You need someone who decides what work needs to be done, find the people who are qualified, and pay them.
Not all contractors do good work, she got scammed once by a guy who does crap labor and tries to upcharge to fix it. It happens
Even if she sold the houses, the person buying them would probably want a return on their investment and end up renting it out to people
The only way rent would be cheap is if there was a lot of supply of it, less restrictions on building like zoning, fewer fees on developers.
Look one of my siblings is doing the same thing. I’m happy I don’t have to worry about them financially, but I’m not going to say I wouldn’t prefer they made an honest living
My mom is too old to wash dishes in a restaurant, it’s really hard labor and she has carpal tunnel. She tried, it’s just not something a 60+ year old person is fit to do. So she can’t just sit on that money and do hard labor on the side. But drawing some plans and hiring contractors while painting some walls on her own time is something she can do
This is really easy… Housing should not be an investment.
Removed by mod
I think landlords is kind of blanket statement. I think most rational people aren’t blaming the landlords who own a single family home and rent the basement suite. I think it’s more referred to companies gobbling up single family homes and rent gouging their tenants.
This is also Lemmy, so, you know, fuck cars, fuck trucks, fuck landlords, fuck Windows, fuck Google, fuck conservatives, fuck you, fuck me, etc etc
This is also Lemmy, so, you know, fuck cars, fuck trucks, fuck landlords, fuck Windows, fuck Google, fuck conservatives, fuck you, fuck me, etc etc
I don’t think I’ve ever seen something I agreed more with. Fuck me.
And fuck you.
Removed by mod
Then don’t rent it an move to a place you can afford to buy the house
So move off of the planet. Got it
deleted by creator
Not so easy for most people to just move.
“Ur homeless? just get a home”
“U depressed? just be more happy”
How is this different from crazy conservatives telling everyone to go to other countries if they don’t like their “American Way”?
