I was around then, but I’ve been arguing with libertarians for significantly longer.
Yeah, I’ve been pwning those ass-clowns since college.
One time back in college, a roommate, and a very close friend, let slip he was a libertarian-type, had even been a delegate at a LP convention, and then started in on explaining, so to speak, the LOL-NAP to us… one time… then he used his “one-time” to rule that conversation out of bounds going forward among our very close group of college friends.
Cite or ban
Cool. I feel like we’re very slowly working our way through the argument I made. So forgive me if I refer back to the next part, having agreed on the above:
Anyway, I know the thread has moved on, but this was the point of thinking about the effect on supply, and I think also that (3) is the point in general of questions about construction, how housing will be created, and so on.
My landlord bought his condo for close to $700k.
His condo fee is 500$/mo.
Taxes are 500$/mo.
Mortgage payment is $1500 per mo.
My rent is $2500/mo.
So landlord is breaking even and has to put $350k downpayment stuck in the condo. And that doesn’t yet include maintenance and repairs.
I would love to know what the hell property this guy bought in tim buck too that has property expenses including mortgage of just $500/month.
Totally representative of USA. Where I live you can’t find a house under $400k and the $400k house only rents for $1300/month.
So whomever buys it to rent it out is losing money or breaking even hoping for appreciation.
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Well sure. If the amount of utilized rental capacity declines, and the amount of utilized non-rental capacity remains constant, and that ~generation supply of empty useless housing remains empty and useless… there’ll be less utilized housing capacity. And there will be more homeless folk.
b. This leads to the conclusion that a ban on eviction is probably not enough by itself to achieve the overall goals of reducing homelessness or ending exploitative landlordism.
Huh. Not resuming evictions is a game changer on both fronts.
For homeless folk, not going back to the bad old days of having evictions makes squatting much more viable. Even if squatters don’t gain access to a building itself, being able to occupy even a yard would be a boon of almost unimaginable magnitude.
IDK if you have spent much quality time with our homeless folk. I have, organizing, exploring, and for personal reasons. I haven’t blogged this before, because he asked me not to, but i figure he’s dead or walking dead at this point… my close friend, former FW, former roommate, and he who was the actual master of a dog I claim as mine (Cinnamon Stick, aka the Missile) is now a homeless opium addict living on the mean streets of LA.
It may not be obvious, but the number #1 problem homeless folk face day-2-day, and in a lot of ways, the #1 thing that locks them perpetually into homelessness is this: everyone steals everything they have all of the time 24/7. It gets stolen, mainly by other homeless folk, but also by any lowlife who doesn’t mind taking the proverbial candy from babies. Everything is stolen, or in the case of landlords and cops and hooligans, maliciously trashed. Things of value, like $$$ and drugs. Things you need to get off the streets, like cellphones. Things just because, like all that paperwork they need to retain to get access to civil society.
Why? Because homeless folk aren’t allowed to occupy even the space it takes to lay down.
We got like 10x empty useless housing capacity than homeless folk. That’s a ~generation of time we don’t need any fucking more rental units “created”. How about we cool our jets worrying about this completely non-existent, and only alleged for the most farcical of reasons, future housing shortage for, say, the next 25 years… and let a generation of homeless folks mercifully live indoors?
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I have reached peak socialism.
Just realized my landlord spent $350k of his money so that I can rent his condo at cost.
Bwahahahahaha.
The Ballad of the Poor, Poor Landlords
The landlords could learned to code.
Do the landlords have to go to Starbucks?
Maybe the landlords should have saved some money.
it seems like this thread irritates you a lot so maybe you should give a break on the trolling and go take a walk or something
danby, ITT you were insisting that posters engage with your hypothetical where you pulled numbers out of thin air.
I shared an IRL example of my landlord friend. Simple question below, just needs a simple answer.
The Landlord has never been to Arkansas, the property manager does all of management work, and all the money that goes towards Mortgage, Tax, Insurance, Maint, etc all comes from the money that renter pays. All my friend does is cash checks. Unnecessary middleman? You decide…
@ Danby just reached peak capitalism.
He doesn’t realized that his landlord spent $350k of his money so that @ Danby could pay his $1500 mortgage for him. At the end of the building’s useful lifespan, the landlord will have gotten multiple free houses out of this scam… while @ Danby gets nothing.
Bwahahahahaha… laughed the landlord.
The $550 a month in expenses does not cover capital expenditures. So the moment the roof needs to be replaced the landlord is on the hook for that. Not the tenant.
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The Ballad of the Poor, Poor Landlords
The landlords could learned to code.
Do the landlords have to go to Starbucks?
Maybe the landlords should have saved some money.
He parked $350K of his money and it will take 25 years to make it back.
Quite a bad investment. There are so many better places to put money and earn a better return.
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The Ballad of the Poor, Poor Landlords
The landlords could learned to code.
Do the landlords have to go to Starbucks?
Maybe the landlords should have saved some money.
Is it real irony or the kind that Alanis Morriset was using when we have a thread about abolishing landlords. And in that thread zero landlords spend a moment defending their right to rent seek, but more than one renter is defending that right like it’s their day job.
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danby. When I asked my buddy for the details about this last night, I specifically asked him if the money that was budgeted in the $550 included funding the type of long term maintenance that you are asking about. It does. His friend that owns 150 of the rentals set them up the same way.
So simple question, simple answer time:
The Landlord has never been to Arkansas, the property manager does all of management work, and all the money that goes towards Mortgage, Tax, Insurance, Maint, etc all comes from the money that renter pays. All my friend does is cash checks. Unnecessary middleman? You decide…
You and Sabo have yet to be able to answer the question on how housing gets built without landlords.
You are a real estate agent and this answer stumps you? I thought you were good at maffs.
Landlords don’t build housing. Workers do. Answered.
So simple question, simple answer time:
The Landlord has never been to Arkansas, the property manager does all of management work, and all the money that goes towards Mortgage, Tax, Insurance, Maint, etc all comes from the money that renter pays. All my friend does is cash checks. Unnecessary middleman? You decide…
Who pays the labourer and the supplier their upfront costs?
So simple question, simple answer time. How does housing get built without landlords?