this post was submitted on 31 Jan 2024
1259 points (98.4% liked)

Political Memes

5232 readers
2197 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 1 year ago
MODERATORS
HLMenckenFan@lemmy.world
Rooki@lemmy.world
automodbeta@lemmy.world
Thekingoflorda@lemmy.world
rjc@lemmy.world
Tenthrow@lemmy.world
JonsJava@lemmy.world
1259
Time to solve the housing crisis... (lemmy.world)
submitted 7 months ago by return2ozma@lemmy.world to c/politicalmemes@lemmy.world
164 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] moody@lemmings.world 13 points 7 months ago (4 children)

While I do agree with your point, individuals aren't buying hundreds or thousands of properties. It's corporations buying up a limited resource that are driving up the prices, not I-own-three-houses landlords.

[–] Misconduct@lemmy.world 51 points 7 months ago (1 children)

Nah, I'm gonna go ahead and still be mad at both despite them being different degrees of bullshit. Thanks.

[–] duffman@lemmy.world 1 points 7 months ago

What about two houses? That you plan to pass on to your children?

[–] LainTrain@lemmy.dbzer0.com 7 points 7 months ago

They're still all buying more than they need to live in.

[–] blanketswithsmallpox@lemmy.world 1 points 7 months ago (1 children)

But setting policies to help renters in need without hurting landlords is complicated. Landlords aren’t a homogenous group of faceless corporations. In fact, fewer than one-fifth of rental properties are owned by for-profit businesses of any kind. Most rental properties – about seven-in-ten – are owned by individuals, who typically own just one or two properties, according to 2018 census data. And landlords have complained about being unable to meet their obligations, such as mortgage payments, property taxes and repair bills, because of a falloff in rent payments.

https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/

[–] Wrench@lemmy.world 5 points 7 months ago (1 children)

I'm not disagreeing, but 2018 census data may not be relevant anymore. There has been an absolute feeding frenzy since the lockdown. The landscape has definitely changed.

[–] blanketswithsmallpox@lemmy.world -3 points 7 months ago (1 children)

I prefer data over conjecture.

[–] Wrench@lemmy.world 5 points 7 months ago (1 children)

Outdated data is irrelevant. 2018 was before the housing shortage, before wealthy hedge funds started buying up real estate en masse, before real estate corps employed AI to buy real estate, before airbnbs became egregious to the point of legislation like above.

Quality and relevancy of data is important. You would roll your eyes at anyone citing 1920s census figures. Yes, that's a dramatic exaggeration, but it makes the point.

A lot has changed in real estate in the last 5 years. That's the entire basis of the housing crisis discussion as a whole.

[–] blanketswithsmallpox@lemmy.world -2 points 7 months ago* (last edited 7 months ago)

... Unlike every other housing bubble both local or worldwide that happens every 15 years or so?

https://en.m.wikipedia.org/wiki/Real-estate_bubble

E:

Quality and relevancy of data is important. You would roll your eyes at anyone citing 1920s census figures. Yes, that's a dramatic exaggeration, but it makes the point...A lot has changed in real estate in the last 5 years.

... Wow.