Pay no attention to the concentrated 10% wealth at the top. Let us distract you by telling you the problem is your next door neighbor trying to pay off their mortgage instead.
I don't think housing is going to get more affordable without government intervention at this point. The market has been too far captured by people trying to exploit it for profit.
Stupid question . "Do you agree" with these numbers, or do you choose to instead go by your feelings of how the numbers ought to be, perhaps pick your own? Or perhaps would sir care to attack the study itself?
Not from this community, so I might get the vibe wrong, but is the idea that renting shouldn't exist at all? Because there are some situations where renting is preferable to ownership. Though none of that excuses price gouging, horrible practices, or disproportionate amount of space that renting takes up in the housing market.
Rentals should be owned by the city and the rent they collect should go to maintaining the property and towards new housing developments for the same city. Done. I did it. You could even leave the housing market alone as far as buying and selling houses and everything would still probably work out just fine.
Maybe we shouldn't have private apartment complexes just like we shouldn't have private prisons.
But that might lower the cost of housing for people who don't already own a home
Noooo
Please don't
Edit:
Under the proposal, many landlords in unincorporated L.A. County would be barred from raising rent by more than 3% a year. Small property owners could increase rent by up to 4%, while owners of luxury units would be capped at 5%.
"Luxury" units are the bane of affordable housing. Cap that shit at 1%.
The push to change the county’s rent stabilization rules yet again was met with skepticism by Supervisors Janice Hahn and Kathryn Barger, who voted against the proposal. They said they were worried that the government was overburdening smaller property owners who rely on the rent to pay their bills.
“We’ve once again put these struggles on the back of landlords,” Barger said.
"Landlord" isn't an occupation to pay the bills. They've already got someone else paying their fuckin mortgage, they can work like the rest of us who own one or fewer properties.
The way they framed a landlord's unwillingness to raise rent by a large amount is a problem of "too much empathy"... They said it out loud. Wow. Thank you for sharing.
This year my rent up 20%, which is crazy. My state has no laws in place to protect renters, so when I called the apartment management company to ask if it were a mistake, they said it wasn't, and when I asked if they could tell me it wouldn't get raided another 20% next year, I was told they couldn't guarantee it.
Who could have predicted that printing literal billions of unchecked dollars would have disastrous effects on the economy?
In a cynical sense, I almost feel like it was Trump's (Team's) idea to give out so much money through PPP knowing that the it would take years for the damage to really set in. Surely by 2020, no one on that admin with a brain actually expected a second consecutive term but maybe they could cause enough unstoppable destruction that the Republican (who historically poll "better" for economic issues) nominee for 2024 could cinch a few points from cornerstone communities campaigning on the financial hardships that were caused though Trump's 2019-2021 administration.
Homes in my neighborhood are going into pending the day they hit the market. The asking prices keep going up, and houses keep selling very quickly. I'm afraid of what my neighborhood is going to look like in a few years if foreclosures start happening again.
Housing Bubble 2: Return of the Ugly
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