1259
Yup
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Sep 2023
1259 points (94.9% liked)
Microblog Memes
10828 readers
278 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
RULES:
- Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
- Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
- You are encouraged to provide a link back to the source of your screen capture in the body of your post.
- Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
- Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If an image is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
- Absolutely no NSFL content.
- Be nice. Don't take anything personally. Take political debates to the appropriate communities. Take personal disagreements & arguments to private messages.
- No advertising, brand promotion, or guerrilla marketing.
RELATED COMMUNITIES:
founded 2 years ago
MODERATORS
Yeah. It also pretends like a landlords income isn't related to their wellbeing. In some cases it might not be, but for most mom and pop landlords it directly is.
Also: I'm a renter with zero interest in owning real estate. I know many people with rental properties (who are therefore landlords) that I am significantly wealthier than. A lot of people are struggling to pay rent and I get that, but believe it or not so are a lot of these land owners. So there's just a lot of unbridled rage towards against anyone they have to pay rent to, especially around here.
I think its clear that what we are seeing is the result of decades of exponential growth. No shit houses have quadrupled in price in the last generation or so, what do you think is going to happen with 10% ROI per year? That's just how it works. Not the landlords fault at all. Idk who to blame or how to fix it but, well, uh, there it is.
There are a lot of leftists here. The focus is usually on exploitation, not on wealth (though, these are often correlated). A shitty small farmer may not be very wealthy, but him making a meager living off the labor of underpaid migrant workers and having them live in unsafe shacks is still exploitation.
Why should real estate have any ROI? Why should people be able to own and make money off property that they don't use, but other people literally need to survive?
I, personally, don't hate single-property landlords or whatever, I just hate the system. I do kinda hate larger companies because they are just machines to generate more wealth for the already wealthy, with no regard for anything or anybody else.
Because it's an asset like any other and prices reflect the same fundamentals that drive everything else in the world. And when I mention 10%/yr ROI I'm citing the average annual return on equity, not even RE specifically. But since RE has a strong positive correlation with stocks and commodities there's no wonder prices have increased exponentially along with everything else.