this post was submitted on 24 Aug 2023
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Landlords pay up front (directly or via a loan, which the renters presumably cannot get) and assume the risk of vacancies and repairs. If landlords ceased to exist, how do you propose new housing stock be created? Should the government be your landlord?
And then they get bailed out by the government when their risk blows up.
https://www.wsj.com/articles/landlords-were-never-meant-to-get-bailout-funds-many-got-it-anyway-11590494400
https://www.consumerfinance.gov/about-us/blog/four-reasons-landlords-should-take-advantage-federal-rental-assistance/
And they have little to no risk in the first place because the market has such high demand that they can pretty much instantly fill vacancies, and they barely do repairs if at all. And at least where I live, renters are required to have/pay for renters insurance which further drives down the landlord's risk. And on top of all that, they have security deposits to lower their risk even further. They don't take on any meaningful risk.
Government investment into housing development (which then turn into market rate housing/co-ops), zoning fixes, and a LVT is the solution. The builders get paid, home ownership becomes affordable, the risks are dealt with, and renters aren't being priced gouged. It would also do wonders to help fix the homelessness crisis.
And none of it needs the government to own your home.
You can’t be serious? Let’s review.
By who..? Come on, be honest, who do you think is going to do this 🤣
That allow who to build more housing?
Is literally what the West has right now.
We have these now.
This is a fine step. Most states have property taxes now that include the land that a rental sits on.
If you can’t pay for your own housing, your choices are either for the government to pay for it, or for the private sector to pay for it. In either event the entity that owns your house, that isn’t you, is your landlord. If you can’t pay for your own housing, and you don’t want the private sector or the government to provide it for you, then you’re homeless.
Don't waste your breath, if anything Lemmy is somehow less financially literate than reddit.