this post was submitted on 06 Oct 2023
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ugh, this is dysphorian THIS IS NOT FUCKING NORMAL. THIS IS LATE STAGE CAPITALISM
Late stage capitalism? They were doing shit like this in the 1800s. It IS capitalism.
Like, seriously. It’s always been a thing.
In the 1800s, you could rent a space on a rope overnight so that you could drape yourself over it and have a place to sleep that night that wasn’t on the freezing, urine-soaked ground.
This has long been an issue.
Holy balls. That was a wild read.
revolution time!
Yea, in my city (where owning your apartment was pretty much impossible until 20th century), people rented out corners inside normal apartments.
Speaking of the relative cost of housing, you can buy an actual whole house in other parts of the USA for that much a month. That could be a 30-year mortgage payment on a 100k house.
In San Francisco/Bay Area that doesn’t even cover a parking space per month.
In the US, the average home price sold was $495k. Where can you find a $100k house that doesn’t need a tear down or complete renovation?
source
In the rural parts of the USA they are all over the place. Here is a 5-bedroom house for $95k in Illinois: https://www.zillow.com/homedetails/417-W-Illinois-St-Steeleville-IL-62288/119741473_zpid/
My first house was a 3 bedroom, 2 bath in rural Texas for 5k more than that. That was 14 years ago. I just looked it up and it's currently $130k. It was built in the 90s, is brick, and still looks pretty good.
So… your solution is to buy a house hundreds of miles away from their job?
Nope, I simply answered their question: "In the US, the average home price sold was $495k. Where can you find a $100k house that doesn’t need a tear down or complete renovation?"
My guy that is a 1900 built House. That is an immediate teardown on purchase.
What? Just because a house is old, doesn’t mean it isn’t still habitable. If a house that old is still standing and in good condition chances are it’s built better than new builds. And by the pictures, previous owners have taken a lot of care in it and upgraded it. Sure, the cosmetics may need to change depending on your preferences, but there is nothing wrong with that house structurally.
I really like how confidently you are wrong.
Did you look at it? That is not a tear down.
Ok obligatory fuck late stage capitalism. That said, hot take, this is a perfectly valid move, 700 for location and a box to sleep in is a welcome option for many renters in the city. If there are shared spaces like kitchen baths etc this works.
If you want your own space, ok, this isn't for you, but this alleviates a ton of rental demand which could lower rents in aggregate if enough of these are built!
The alternative is your whole paycheck goes to rent and you retire a week before death, i'd be all for this if I were single.
Is someone making a profit? Most definitely, but I get a better option to run my career in the city, I'm down. Not only that, I hope this model picks up so more people can have the option.
My gripe here is the city, bitching about no windows when this is a pretty tangible solution to many renter's problems. Either fix it yourself or get out the way when others are addressing it.
This kid must be like 17-18 and has seen none of the world. This would be luxury to half the planet.
half the planet lmao, no. Secondly you can point at the US why it's so bad in those countries too
This is a dormitory with a shared living space, bathrooms and shower. If anything the “bunks” are quite generously sized.
Take a look at your comment and ask if maybe you’re flipping out unnecessarily.
ugh, this is dysphorian THIS IS NOT FUCKING NORMAL. THIS IS LATE STAGE CAPITALISM