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No one can stop me
(lemmy.ml)
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this post was submitted on 06 Jan 2024
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Except the landlord. Don't forget to tip them.
Did you guys know most rental properties are made of wood?
Unrelated but apparently worker termite colonies will molt into reproductive adults in the absence of a queen and many hobby sources supply worker termites to most US states! It can be a fun and fulfilling hobby for those of all walks of life.
Lemmings continue to vastly underestimate who landlords are.
https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/
Ok, now what conclusions do you want people to take away from this information?
Possible takeaway: There are worse people / entities that could own the apartments and houses that are being rented out.
If that's the only takeaway, it's still not going to make me feel sad for landlords.
If they created an LLC, then whatever happens to their business, they can always just get a different job and their own housing situation will remain stable.
If they didn't, maybe because they couldn't get a large enough loan to buy property without putting up their own collateral, that was presumably their choice.
I don't want anyone to lose access to housing (or food, or healthcare), but I'm much more worried about renters ending up unhoused than landlords.
Most landlords, the large majority, are essentially people who decided to put their savings into equity rather than tossing their money into a big giant pile for the rich to make themselves richer, aka, the stock market. Sometimes you toss it somewhere and just lose it.
Their price to pay for that equity are taxes and upkeep. Their payoff is selling it when they retire or giving it to their children or grandchildren. I don't think I've ever rented from any suburban or rural landlord that wasn't in one of these two positions.
These people aren't megacorporations buying up land from potential homeowners. They're people in their 60s and 70s now realizing that their investment more often than not was a poor one. They subsidize their tenants allowing them to live in cities and areas they normally wouldn't. And when they die, the homes are going to children to either sell for a quick buck to fund their own kids college or moving into them when they're house is now too big since the kids just moved.
As always, the gamut of possibilities is way too wide for such anti-human extremist propaganda that gets pushed then eaten up by people who should know better.
So far the worst outcome for landlords that you have posed is that they "realize that their investment was a poor one".
And yes, I want that landlord's grandchildren to be able to afford college (which I think should be free for all, paid for by tax increases on the rich).
But you have to admit that we're talking about vastly different worlds here, right?
What percentage of renters live paycheck to paycheck and are at risk of living on the street?
What percentage of landlords are at risk of living on the street?
What percentage of renters expect to be able to leave enough in money and assets to their children, so that those children can afford to pay college tuition for the renter's grandchildren?
I agree with you that dehumanizing people is wrong. I agree that landlords can struggle too.
I agree that there are worse people / entities that could own apartment complexes and houses.
But you haven't really convinced me that I should worry about the general well-being of the landlord class, or that it's worth my time and energy to chide renters who say mean things about them online.
I'm glad to see some actual numbers. I am curious how quickly that is changing. I was a social worker for ten years until the last few months, and I would help people find housing all the time. It feels like there used to be more "mom and pop" landlords when I first started compared to now. Now I see this corporate players for the majority of rental listings.
I think the high price of housing will eventually prevent most individuals from buying a rental property, and like every other industry, the immensely wealthy corporations will take over. My last landlord paid $800 per month for her mortgage on the place. If someone wanted to buy a comparative property to rent out today, their mortgage would be closer to $5400 per month. There aren't a lot of people who could commit to that. The ladders are being pulled up.