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Do you know how hard it is call a plumber?
(lemmy.world)
cross-posted from: https://lemmy.dbzer0.com/post/18963881
Get rid of landlords...
Homes very much don't appreciate in value unless constantly maintained.
And you are lucky if you can afford to pay for the fixes with rent.
In reality, it's not uncommon for 1 bad dice roll to evaporate your entire bank account in an instant.
It's purely a gamble, through and through.
Renting is fundamentally paying money so someone else can gamble their entire life savings instead of yours.
And sure, lots if people do fine for 10-15 years without some shit happening.
Fundamentally, here's how it works:
There's this game of Russian roulette going on people play. It's a 100 chamber gun though, very small chance you get shot and die.
If you dont die though, you make a little bit of money everytime you pull the trigger.
You have to play this game though, or, be homeless which is it's own different game of Russian roulette.
However, someone offers you a deal.
They'll pull the trigger for you on their own head! If they win money, they keep it, but if they die it's their fault, not yours.
In return you don't have to be homeless, but also you don't gotta play the r6ssian roulette game.
All they ask is you pay them some money to cover the risk they are taking on, so you never have to pull the trigger.
That is what you are paying for.
Blah blah blah, the average upkeep on a home is 3% of the home's price. On a 400k home that's 12 grand. That's 1k a month for a 3br home. Rents for something like that would top 3k.
That's why we call it RENT and not a service. No one would pay over 3 times as much for something they could do themselves.
Homes appreciate on average 1% a year so you're really talking about 8k out of pocket or $800 per month for maintenance.
You're not taking taxes and interest on your mortgage into consideration and historically there's a higher return on investment to just use the money to invest in the S&P.
If landlords don't exist, what's your solution for people who don't want to own or aren't financially or mentally able to have that level of responsibility? You can be able to rent a house without wanting to own it, doesn't mean you want to live in a state owned apartment either...
Because you talked about the "risk" that landlords absorb like flood and fire.
And how much your mortgage is is predicated on how much of a down payment you put down. A down payment that tenants can't save because of the parasitic draw of landlords.
The only reason why renting is cheaper than buying now is because of rampant speculation by DUN DUN DUN LANDLORDS. You want me to be great full for a solution to a problem YOU CAUSED.
Before COVID made AirBnBs 10x money machines, and RealPage allowed landlords to fix prices, buying was actually a little cheaper than renting in all but the most desirable cities.
Regardless the Real Estate rentals making 100's billions of dollars. All the "risk" and equity that landlords are supposedly providing is all coming from tenants fully fucking stop.
As far a solution for the people that absolutely positively can not buy, that you couldn't give a fuck less about considering how many people you've kicked our onto the streets already, who previously could afford rent, it's called public housing, ie just give them a home. We already do it in Mississippi and it works great.
Bruh, landlords write off the interest on their taxes. Plus there's depreciation, a lot of landlords don't pay any taxes at all. You are such a landlord shill.