Yimby: "We should build more houses to address the housing crisis."
Leftist: "So people can live in them at-cost, right?"
Yimby: putting on his landlord hat
Leftist: "... Right?"
this post was submitted on 10 Sep 2024
751 points (98.6% liked)
shitposting
1611 readers
259 users here now
Rules •1. No Doxxing •2. No TikTok reposts •3. No Harassing •4. Post Gore at your own discretion, Depends if its funny or just gore to be an edgelord.
founded 3 years ago
MODERATORS
Unfortunately I think its unrealistic to hope for something that doesn't take profits into consideration as things stand now. Also, while I agree rents have gone FAAARRRRRR beyond any practical purposes, some people do forget "at cost" includes extra to cover maintenance and taxes.
some people do forget “at cost” includes extra to cover maintenance and taxes.
Taxes are a function of property value. One of the more ugly moral hazards of the last few decades has been municipal governments hungrily consuming the enormous tax windfalls of exploding property prices while residents are forced to pick up the tab for more and more privatized municipal services.
The same house jumping from $150k to $600k doesn't translate into roads that are 4x nicer or drainage 4x better managed or schools 4x more well-funded. It just floods into the pockets of municipal cronies and private contractors, for mayoral vanity projects. Selling property "at-cost" would keep the tax rates down. But high ranking city officials don't want cheap land in their city. That cuts into their slush funds.
So we see city officials tacitly encourage these exploding housing costs, while residents are priced out of homes they could have easily afforded even during the 2008 housing peak.
I dont disagree but that doesn't change the fact that A- taxes are a thing and therefore a cost that has to be factored in, and B- Even if we fix the tax system it would still be a necessity.
Fixing broken systems is important and WOULD help people find housing, but arguing for utopia or bust is only going to let things get worse as you bicker about the details of municipal spending (which again I do agree on but we ALSO need to work within the system we have now to help people for whom this isn't theoretical internet banter..)
A- taxes are a thing and therefore a cost that has to be factored in
I will spend less on Taxes + Mortgage for a house sold at-cost than on Mortgage alone on a house sold at a 4x markup.
B- Even if we fix the tax system it would still be a necessity.
The issue isn't the tax system, its the incentives of public officials. When you can generate personal income off the professional tax base, via privatization, you are incentivized to behave as a corrupt bureaucrat. This leads to both higher housing prices (because you want more money with which to be corrupt) and more hostility towards those taxes (because you're seeing the money go into the pockets of corrupt officials, rather than into the maintenance of community property).
arguing for utopia or bust is only going to let things get worse
I don't think identifying moral hazard in a system is utopian. If anything, I think it is vital to reversing negative trends. If you can't recognize why municipal officials would resist public housing and subsidize artificially high real estate costs, you're never going to see the path towards getting those corrupt officials out and reversing the trends.
If "the foxes have always guarded the hen house and asking for anything else is utopian" is your response... Idk, buddy. What do you think happens next?
Ironically, the cop isn't a pig.
And the rich fatcat isn't a cat.
Seems like someone accidentally swapped the roles when they were brainstorming this... internet comic
Ha ha, boy, I really hope somebody got fired for that blunder.
Shitpost or fact??
Came here to ask the same. No idea why this is a shitpost
op is a landlord
Bravo. Well played.
Fyi Pork bbq is good stuff
Upvote because it's a good meme or downvote because discussion on the instance will be heavily censored?
For all the whining about being censored and banned there sure always seems to be a while lot of you following ml instances just to cry about them being ml.
following ml instances
All - Top Six Hours.
You're whining that people complain about censorship?
If you were being censored we wouldn't be having this conversation. Y'all mistake "censorship" with "moderation" and I bet if i went to your favorite communities with the same energy y'all go to ml instances with I'd get moderated too (but you'd cheer when THEY do it of course.)
I am starting to plan my suicide.
I hope you procrastinate as much as possible
Do it to a landlord instead, get free room and board for the rest of your life.
A solid retirement plan.
I don't even have a career to retire from, I'm squarely in the precariat despite my MSc, apparently I'm not an economically valuable individual.
Did they base the pig on Kevin O'Leary?
That must be one incredible basement!
Or in NYC, a mold-infested roach hotel where someone probably drowned during the flooding a few years back.