Why are landlords given free rein to cripple the economy by pricing workers out of important major cities ?
- Thread starter BrothaZay
- Start date
Iceson Beckford
Rich In Spirit.
at some point, no one but the super wealthy will be able to live in these cities. it’s unsustainable and damaging to the character of the nation.
we’re headed towards the society depicted in elysium.
This is what I see happening in London and not at some point but very soon.
It will be the very poor on social welfare living there to occupy the needs of the Young Middle Class students, Middle class families and the very rich.
IVS
Superstar
They just raised my shyt by $266. I'm like WTF??!! I got it with ease but damn that's a helluva hike.
Lieutenant Daniels
I’m up for Major
They be raising that shyt talking about “market rate”. The kicker is is that it’s the same muthafukkin apartment as the year before…and the year before that. No upgrades, no new floors, no new lighting, no new appliances, no new amenities,…nothing. These entities are making money hand over fist.
They build new apartments and they’re all “luxury” apartments charging $1300 for a one bedroom and $1800 for a two bedroom. And I’m not even in a major city like L.A., New York City, D.C., etc. The prices are up EVERYWHERE. I’m in NC and there’s nowhere really cheap to live in the state outside of your country in the cut type places away from civilization. Regular ass people gettin squeezed in all directions. Food cost, rent cost, vehicle payments, daycare, gas, gas and electricity companies raising rates yearly, property taxes, taxes out of a paycheck. shyt is fukked.
ThrobbingHood
“I’m Sorry for 2025”
“Capitalism has no moral base.”
FishNGrits
Superstar
And they don’t even do that well. Sky high fcking rent and can’t fix shyt. It’s criminal
SadimirPutin
Superstar
It requires a basket of solutions...
But one of the first ones is vacancy tax for residential and commercial buildings and limits on foreign ownership/speculation.
But one of the first ones is vacancy tax for residential and commercial buildings and limits on foreign ownership/speculation.
Youhadasparkwhenustarted
Superstar
Well that's the thing, some of us don't plan on becoming landlords because we don't want to participate in the gross exploitation that's going on.and i like how dudes act like if they were one of those small landlords, they wouldnt just charge what they could get. they'd charge less, out of the goodness of their heart
Youhadasparkwhenustarted
Superstar
A lot of the "average" landlords are doing the bare minimum because they're worried more about their profit margins than the livelihoods of their tenants. Even if these landlords do fix shyt, it's half-assed and cheap, and I'm seeing it in real time with people I know on both sides of the equation. I'm convinced that most landlords don't see the tenants as people, they see them as dollar signs.
skyrunner1
Superstar
ehh I dont know, back in day you could make that much and buy property.. Coming up, the landlords I know were janitors, worked in restaurants, security guards, taxi drivers, handmen.. even in up to early 2000s you could snatch up a duplex for around 100k .. I got fam that snatched up their house around 90k in 2002.. Right now that same neighborhood going 500k.. Even after housing bubble houses were going for 40-80k.. Up until let say 2018/19 housing was in that 150k rangeRegular people don't own 1-2 rental properties...
Regular people make 30k, do service work and live check to check
This is the way but then people cry gentrification
We need way more government housing
FishNGrits
Superstar
and these bootstrap folks don’t want to acknowledge this. They tell us to move to cheap areas and that’s cool. But with these gas prices I would be filling up my tank 2 times a week to live in the sticks. My fuel efficient car cost 50 bucks from empty to full. The couple hundred bucks I would save on rent would go right into fuel and the mileage of my car. You literally can’t win. That million dollars you had to save up back in the day for a great retirement ain’t shyt now a days. Some old head I just installed central air for lost 250k in his pension due to the stock market and is living check to check from his SS and pension in his golden years. Shyt is fcking rigged.
Gentrification is good?