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Jealous Cow posted:I borrowed... I pay... I assume... I pay... You are the problem.
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Mar 26, 2019 19:18
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baquerd posted:Wait a second, are you saying real estate conglomerates (and in fact almost every business on the planet) aren't using leverage? Do tell! This the company you keep, landlords.
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Mar 26, 2019 20:23
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Thermopyle posted:And not just the home itself, but likely the surrounding homes. The way you implicitly demonize homeless people here is telling.
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Mar 26, 2019 20:40
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baquerd posted:It's been real educational seeing how policies of treating the homeless really well in SF and LA have worked out. baquerd posted:No one's saying slaveowners were better than that, just that slaveowners that didn't take care of their slaves got sub-par returns over the long run. If you look at the most successful slave-owners, you would expect to see a general pattern of excellent treatment of well-behaved slaves.
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Mar 26, 2019 22:38
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Thermopyle posted:I really wish you would explain this because it bothers me that you think I demonize homeless people. You quoted a slavery apologist talking about "the homeless," added this bolding, "My argument is that putting some random homeless people in a free 3bed/2bath in a nice neighborhood is probably going to end with the home value turned to poo poo," and raised it by saying "not just the home itself, but likely the surrounding homes." I think it is callous to place "value" above abject human suffering and infantilizing to imply homeless people "don't have any experience dealing with the maintenance, care, and handling of the responsibility being given to them."
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Mar 26, 2019 23:06
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AirBnb is absolutely part of the problem but diversity of tactics is cool and good.
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Mar 29, 2019 15:22
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Nukes to Saudi A! posted:We bought a 900sqft condo 7 years ago and lived in it for 6 years fixing it up as we went. We put probably 12Gs into it over that time. This is a pretty cool post.
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Mar 29, 2019 20:06
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Hoodwinker posted:It's true, but aren't you undercutting it either way? You could be redistributing the wealth you acquire towards more systemically impactful efforts to correct the system. This situation isn't lacking in moral ambiguity: you can provide one guaranteed moral transaction in a broken system at the expense of funneling resources into rectifying issues with that system, or you can choose to sacrifice a smaller moral good for a greater one. Given the opportunity, I would rather seek to rectify the system using my resources than offer one temporary and potentially impotent solution. Becoming a landlord is a good way to turn the probably-harmless sentiment of leasing to "a couple trust-fund college kids" into genuine animosity for fellow human beings. It sets up a bad power dynamic.
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Mar 29, 2019 21:22
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Hoodwinker posted:I'm not sure I understand. Are you saying that people who become landlords transform emotionally so that they begin to feel direct animosity for their tenants, or is it just that the relationship between landlord/tenant is an unhealthy power dynamic and operates as if the power-holder has animosity for the subordinate person? Both, with the former being a consequence of the latter if I had to choose.
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Mar 29, 2019 21:39
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Hoodwinker posted:Are you speaking from experience? Is there data on this? I'm legitimately asking. I'm not a landlord and I don't have an interest in owning rental property. Why would the psychological profile differ from any other kind of provider/purchaser transaction? Wouldn't farmers then also feel animosity for the people who purchase their goods since sustenance is a living need (if that's the reason landlords feel animosity)? What about the relationship generates animosity? Why is the power dynamic inherently unhealthy? I'm sorry, I'm not trying to bombard you with questions, this is just raising a lot of them in my mind and I'm sorting them out in written form. I don't have sources, sorry. It's based on my understanding of Marx and anecdotal exposure to people who have gone down the landlord route, and people who have been exposed to venture capital. In other words, it's based on watching friends – and me, if I'm being honest – acquire wealth and turn into raging assholes who can only relate to people transactionally.
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Mar 29, 2019 23:43
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baquerd posted:Yes, the long term strategy is just general investment diversification and not overweighting real estate in any particular way, I personally think it should be less than 20% of one's portfolio. If real estate becomes a less compelling investment for political reasons the diversification should allow for a buffer if the properties need to be sold at a loss. We live in a society where one rear end in a top hat flexing their investment portfolio to internet strangers is permitted dominion over the residents of 30+ units. A freer, more democratic society wouldn’t allow itself to be ruled by such psychotic monsters.
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Mar 30, 2019 16:17
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Hoodwinker posted:Are you speaking from experience? Is there data on this? I'm legitimately asking. I'm not a landlord and I don't have an interest in owning rental property. Why would the psychological profile differ from any other kind of provider/purchaser transaction? Wouldn't farmers then also feel animosity for the people who purchase their goods since sustenance is a living need (if that's the reason landlords feel animosity)? What about the relationship generates animosity? Why is the power dynamic inherently unhealthy? I'm sorry, I'm not trying to bombard you with questions, this is just raising a lot of them in my mind and I'm sorting them out in written form. This is what I meant by being unable to relate to people outside of transactional terms. This is what the accumulation of wealth does to people’s brains: baquerd posted:I mean, if you feel that landlords are your rulers, maybe educate yourself more about tenants rights and/or advocate for more of them in your area. A tenant is a equal participant in a business relationship. baquerd posted:They are paying me for a clean and safe place to inhabit with a myriad of rights, which I provide. I rarely talk to tenants one on one, but review property management records every couple weeks or so and make key decisions outside of day-to-day maintenance. baquerd posted:They're not necessarily incapable of making the decisions (and in fact they try to make more decisions than I'd like if I don't ride their rear end on it), I'm just ultimately responsible for them as landlord. That's what it means to be an owner of business or property.
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Mar 30, 2019 16:51
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Simpsons Reference posted:
If you're just starting out you may "wish you had known from the beginning" that you're getting into a business that can get you killed. I found that helpful when I was thinking about becoming a landlord, and ultimately decided I wasn't really interested in killing or dying for profit. (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 30, 2019 18:05
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My Rhythmic Crotch posted:It is, and as far as I know, there is nothing stopping it from being passed at a local level in states where it doesn't exist. That's my point, these kinds of protections can be passed locally if they don't exist at the state level. https://en.m.wikipedia.org/wiki/Costa%96Hawkins_Rental_Housing_Act
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Jun 24, 2019 23:46
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