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Joined 3 years ago
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Cake day: July 12th, 2023

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  • I think there can be some middle ground. Obviously speculation is pushing up both rent prices and the cost/availability of houses to buy. There are some interesting options, I like the idea to only allow residential property to be bought by physical persons - regardless of whether that’s for living in it or as an investment it would put a damper on prices sky-rocketing.

    Corporations trust funds and so on can still go mad on commercial property. Offices, malls and warehouse are not a necessity and let the market decide, I think that could be a win win. Feasibility of this in various countries would obviously vary but I’m sure something can be done.

    I’ve also seen suggestions aroud limiting the number of properties one can buy/own. Interesting but more complicated to enforce and IMO not needed.







  • but charging $1300 rent on a property with a $1000/mo mortgage isn’t unreasonable.

    No it’s just stupid. With those $300 dollars difference a landlord would need to cover insurance, property taxes, regular maintenance like replacing roof every 30 years, unplanned maintenance like a pipe bursts or aircon breaks. On top of that someone needs to act as the property manager/handyman so either the landlord takes that phone call on a Friday evening for the pipe that is gushing, or is paying someone to do that.

    Tenant moves somewhere else and the place is empty for a couple of weeks, no income.

    Oh and when you are done with all the above, depending on the country, those $300 count as income and get taxed (rightly so) so it’s not really $300.

    BTW I don’t like landlords, I am not one. I rented most of my life until recently as a choice, been able to move to a new city or country at the drop of a hat. Haven’t had to do maintenance and I’m only learning that now. Of course I paid for someone else doing all those things, and taking all the risks for me.

    But lemmy users seem to have a thing for over simplifying things and decide what is and isn’t excessive based on somethig that comes out of their ass. $300 dollars in this case.