Why are landlords given free rein to cripple the economy by pricing workers out of important major cities ?

[T-K-G]

No they make excuses cause "But I like it here and we have a Wegmans"

My steppop used to drive an hour each way to work to survive and work two more jobs after that... nikka in a million dollar home now with 3 more in Florida


My girl's uncle got a farm... hundreds of acres... Still drove 3 motherfukking hours to dc to work everyday and back... Now he don't work at all on his 100 acres and broke some off to his two kids and still sitting on more


I live 30 mins outside the city.. When I tell people it's "Damn that's a far commute.. Damn why you live so far... Damn you can just get an apt in the city." Then they pull up to the HOUSE, ask about my rent, and see all my extra cash and say "Damn... Can I stay the weekend? I hate my little apt. I wish I had a yard. You should buy this place."




You don't have to go to those extremes.. But to cry about moving 45 mins away cause "I don't want to drive" is insane when you also "don't want to pay the rent to live there" Sounds like you got a problem.. You gonna move or pay out your ass and yell at the sky?

That's called sacrifice.. You do what you don't want to do, save up and improve your salary, then do what the fukk you want earlier than everybody else in life who wanted to just get by and do the bare minimum..

40-45 minutes out is the max distance someone should be able to commute comfortable to work assuming they have a car, that shouldn't be a deal breaker for any reasonable adult

It DOES get tricky if you live in an area with high traffic tho a 40 minute drive in a place like Atlanta with no traffic is easily 2-3 hours with traffic, if you're working on any side projects or skills it's gonna drive you crazy losing that much time out of your day, every day

 

[Brandsdale]

The hell you talking about this is happening everywhere.

some folks in here don’t understand basic real estate and typing paragraphs of opinion regardless

 

[African Peasant]

Housing should be a right, not a commodity.

yeah people forget the majority of land lords, that's they main job

Renting is not a job.

 

[MooseMouthMthafuga]

My sister's going through it right now.The place she moved in was $1,500 a month 2 yrs ago.Today she's paying $2,300 for that same spot.And her landlord had the nerve to tell her it's a great deal because he could easily get $2,700 a month for it.

 

[Afro]

Start killing them

When you finally snap, post your GoFundMe breh, I got you.

 

[360dagod]

Yeah I read this on reddit...

 

[SadimirPutin]

I dont think you can limit foreign ownership because they can still buy these things using us-based complex financial derivatives.


For example, Imagine a trust or reit based in new jersey with 49% chinese ownership and 51% domestic investment bank ownership. Or perhaps a us based firm like blackrock places many residential properties it owns into a hedgefund aimed at russian shareholders. So on paper the properties are “owned” by blackrock but the money to fund the process is coming from an oligarch.


Even the vacancy tax will just lead to higher rents on occuppied units as corporate tenants shift the regulatory cost to tennants; but still keep their vacant properties.

Several countries around the world deal with the issue of foreign ownership quite easily.

The US just doesn't want to (I am not singling them out by the way....I am just making an observation)

A lot of people make money selling to sketchy foreign individuals and entities

 

[Black Mamba]

Own your own shyt is the way to go
Me and wifey got a nice two story condo at a decent price back in 2021 locked our rates in with a fix variable. Our mortgage a little bit more than our apartment we were living in for a yr and a half
As soon as we are ready to move to a house we are keeping that condo and renting it

 

[Afro]

that not too far off with how a lot coli posters be acting depending on what the thread is about

Lil bit of money make some people think different.
"Sorry breh, different tax bracket "

 

[Afro]

Yo...

 

[360dagod]

Yo...

The endgame is deregulation and discrimination...

And they are going to get their way..

Massive flow of these migrants got them in the driver's seat..

Lot of these rent-stabilized Apts are in downtown areas...

People are getting up to 6 figures for buyouts of rent-stabilized Apts

They gonna wait that shyt out

 

[WesCrook]

Relax.

What I mean is rent control is for large cities like new York. The rest can move to another city. Get enough people and make another city pop.

You can't expect people to pack up and leave a place they may love and feel comfortable.

That's not plausible

 

[The War Report]

Welcome to late stage capitalism

 

[Mowgli]

You can't expect people to pack up and leave a place they may love and feel comfortable.

That's not plausible

That's true. But they can't be to picky either when there is somewhere affordable to live in their city but not in their ideal location.

Would you rather live in another city or be broke and homeless. Sometimes you gotta know when it's time to go.

 

[CashmereThoughts]

this is an inventory issue that leaders refuse to address by aggressively building.