Landlord said to me “property tax has gone up. This is my only form of income. Will need to increase rent”
Told him “yeah, everything has gone up and my paycheck is still the same”.
Like, these types of relationships are so parasitic. This is the “nice” mom and pop style landlord too that every liberal seems to want to give a pass too.
Sure, are they less bad than the big corporate faceless landlords? Yes. But the entire relationship is the problem.
They get to justify forcing me out of my home because the value of the house that they own WENT UP.
That’s why their property tax is more. They literally own something that is more valuable and making it further impossible for me to ever buy a place of my own.
If they offered to let you buy it for the fair market value of the home, would you? That’s the only viable way for them to extract that house value without evicting you. A fair answer could be absolutely, and perhaps that should be something renters are given some rights to do, but just pointing out that a tax assessment doesn’t mean they have usable money unless they can do something to cash in.
Old guy or younger guy? If this is their retirement income, they would probably be better off selling it and putting the proceeds into a nice account.
Of course those accounts also profit off of the inconvenience of others, but with social security all messed up, some form of screwing with the active working generation is needed to model retirement of the older generation, and a financial account is less egregious than sitting on potentially available housing stock.
I think I can answer most of your questions by saying he comes over to discuss the lease in a Mercedes Maybach. An SUV that starts at $178,000.
I don’t think age or other things really matter at that point.
He owns multiple properties and houses.
But, still, my entire point is that this relationship in itself is what needs to die. It’s not this individual dudes fault. It’s a system that allows people like this to exist that produce nothing.
If that’s their whole retirement investment (as they said it’s their only income, no idea about us retirement details) if they don’t increase your rent, their net income will GO DOWN. Prices of everything also went up for them, if you think it’s hard with constant income, imagine with declining income.
The value of their house going up is useless to pay for bread.
You should get a bigger paycheck, average wage growth is around 5% in the US, higher than inflation even.
Sounds like they should get an actual job, rather than expecting someone else to pay for their retirement; someone who probably won’t get to retire themselves
There are studies recently released that show that the people who are buying houses 20 years ago are the same people buying houses today. It is a zero-sum game because nobody else is able to buy a house, especially not if they’re younger.
Landlord said to me “property tax has gone up. This is my only form of income. Will need to increase rent”
Told him “yeah, everything has gone up and my paycheck is still the same”.
Like, these types of relationships are so parasitic. This is the “nice” mom and pop style landlord too that every liberal seems to want to give a pass too.
Sure, are they less bad than the big corporate faceless landlords? Yes. But the entire relationship is the problem.
They get to justify forcing me out of my home because the value of the house that they own WENT UP.
That’s why their property tax is more. They literally own something that is more valuable and making it further impossible for me to ever buy a place of my own.
If they offered to let you buy it for the fair market value of the home, would you? That’s the only viable way for them to extract that house value without evicting you. A fair answer could be absolutely, and perhaps that should be something renters are given some rights to do, but just pointing out that a tax assessment doesn’t mean they have usable money unless they can do something to cash in.
I literally asked. He said he’s not selling.
That is unfortunate.
Old guy or younger guy? If this is their retirement income, they would probably be better off selling it and putting the proceeds into a nice account.
Of course those accounts also profit off of the inconvenience of others, but with social security all messed up, some form of screwing with the active working generation is needed to model retirement of the older generation, and a financial account is less egregious than sitting on potentially available housing stock.
I think I can answer most of your questions by saying he comes over to discuss the lease in a Mercedes Maybach. An SUV that starts at $178,000.
I don’t think age or other things really matter at that point.
He owns multiple properties and houses.
But, still, my entire point is that this relationship in itself is what needs to die. It’s not this individual dudes fault. It’s a system that allows people like this to exist that produce nothing.
deleted by creator
If that’s their whole retirement investment (as they said it’s their only income, no idea about us retirement details) if they don’t increase your rent, their net income will GO DOWN. Prices of everything also went up for them, if you think it’s hard with constant income, imagine with declining income.
The value of their house going up is useless to pay for bread.
You should get a bigger paycheck, average wage growth is around 5% in the US, higher than inflation even.
Sounds like they should get an actual job, rather than expecting someone else to pay for their retirement; someone who probably won’t get to retire themselves
If it’s their only income source I assume they are retired. If they aren’t, you are absolutely right.
Why do we have to sacrifice our future ability to retire and own a house because they bought all the houses and retired first?
How are the two related? It’s not a zero sum game, there’s new houses being built all the time.
There are studies recently released that show that the people who are buying houses 20 years ago are the same people buying houses today. It is a zero-sum game because nobody else is able to buy a house, especially not if they’re younger.
If that’s their whole retirement investment maybe they should get a job
They probably had a job for many decades, it’s how they bought and paid the house.
Sorry why should you pay NOW for a guy that workED many decades? Can you pay me for the work I did yesterday?
And now they are taking away the next generations ability to buy and pay for a house by making them fund their retirement.
People Mike that are not tge reason housepricees increase so mich that is 99% big speculators owning thousands oft units and hiking prices and rents.
How are they taking it away? There have always been people who rent and people who buy. Someone renting doesn’t prevent you from buying.