What if it’s a new couple of two homeowners who move in together, should they sell one property before the relationship solidifies?
What if the grandchildren are in secondary school when Nana dies, is the family allowed to hold on to this second property for the few years until the kids move out/in?
What if you accept a contract position in another town, should you be forced to sell and buy, or is it okay to rent out the home you have and rent another elsewhere?
My point is that there is nuance at the lower end of the scale, and the enemy is big corporations and landlords of massive portfolios.
The other flipside is that individual landlords aren’t necessarily going to be any better than larger corporate landlords–for every individual landlord that rents their Nan’s home at cost and keeps rent lower than inflation, there’s probably at least one other landlord that jacks rent up year over year, drags their feet on maintenance, and tries to screw you out of your deposit when you move out. (The ones who do this usually tend to leverage their income into more property and turn into a slum lord, though, so the rule of thumb of ‘don’t make it your only job’ still largely applies.)
The real core of the issue is that we haven’t built any new public housing for well on 2 decades by now, and the market has decided that the only new housing we should build are million dollar McMansions that squeeze into lots that would previously hold a much smaller house with a decent yard.
What should be done is a massive investment in public housing at all levels of government to fill in the missing demand for low-cost housing, but we’ve been so collectively conditioned by four decades of Reagan-era “Government is not the solution, it is the problem” neoliberal thinking that the odds of this ever happening is roughly on par with McConnell agreeing to expand the supreme court and eliminate the electoral college.
As an example of the problem, no one in my entire social circle has any hope of ever owning property, and many of us are just barely skirting homelessness. Unfortunately this is extremely common in the same world where some people own multiple homes. If you found yourself in that situation, I imagine the best course of action depends on where you live, but a good choice might be to convert your property into a non-equity low-income housing cooperative. There are lots of other options though, the main thing is just to get it into the hands of people who need it.
Leasehold is a type of property where you rent the land for a really long time (decades), and build your house on it. Every few years you extend the lease so it has no risk of running out. You don’t know how much the landlord will charge you, or indeed if they extend, although there are some legal protections for leaseholders.
What if I find myself in a situation when I have 2 houses? How can I become a better person?
Sell the house
What if it’s a new couple of two homeowners who move in together, should they sell one property before the relationship solidifies?
What if the grandchildren are in secondary school when Nana dies, is the family allowed to hold on to this second property for the few years until the kids move out/in?
What if you accept a contract position in another town, should you be forced to sell and buy, or is it okay to rent out the home you have and rent another elsewhere?
My point is that there is nuance at the lower end of the scale, and the enemy is big corporations and landlords of massive portfolios.
The other flipside is that individual landlords aren’t necessarily going to be any better than larger corporate landlords–for every individual landlord that rents their Nan’s home at cost and keeps rent lower than inflation, there’s probably at least one other landlord that jacks rent up year over year, drags their feet on maintenance, and tries to screw you out of your deposit when you move out. (The ones who do this usually tend to leverage their income into more property and turn into a slum lord, though, so the rule of thumb of ‘don’t make it your only job’ still largely applies.)
The real core of the issue is that we haven’t built any new public housing for well on 2 decades by now, and the market has decided that the only new housing we should build are million dollar McMansions that squeeze into lots that would previously hold a much smaller house with a decent yard.
What should be done is a massive investment in public housing at all levels of government to fill in the missing demand for low-cost housing, but we’ve been so collectively conditioned by four decades of Reagan-era “Government is not the solution, it is the problem” neoliberal thinking that the odds of this ever happening is roughly on par with McConnell agreeing to expand the supreme court and eliminate the electoral college.
To whom? Greedy renting corp.?
Bad Faith Arguments, LLC
If that does happen then the one deserving of the guillotine shifts onto Greddy Renting Corp
Agree. But neither of us will be guillotined outside of wet leftists’ dreams
If I deserve the guillotine under those circumstances then so be it.
Until you actually do
No, I was a hypocrite once. If I am found to be a hypocrite then I deserve that punishment.
The very point of punishment is to tell people how to avoid it. There’s no sense in accepting punishment for things out of your control
As an example of the problem, no one in my entire social circle has any hope of ever owning property, and many of us are just barely skirting homelessness. Unfortunately this is extremely common in the same world where some people own multiple homes. If you found yourself in that situation, I imagine the best course of action depends on where you live, but a good choice might be to convert your property into a non-equity low-income housing cooperative. There are lots of other options though, the main thing is just to get it into the hands of people who need it.
The only hope I ever have of owning property is my mum dying :(
And even then, she currently owns the property, not the land, so there’s still land rent
Property is land. Do you mean that she owns the building?
Leasehold is a type of property where you rent the land for a really long time (decades), and build your house on it. Every few years you extend the lease so it has no risk of running out. You don’t know how much the landlord will charge you, or indeed if they extend, although there are some legal protections for leaseholders.
Sell the house to another person.