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[–] 71 points 9 months ago (3 children)

As Churchill put it...

Roads are made, streets are made, services are improved, electric light turns night into day, water is brought from reservoirs a hundred miles off in the mountains — all the while the landlord sits still. Every one of those improvements is affected by the labor and cost of other people and the taxpayers. To not one of these improvements does the land monopolist contribute, and yet, by every one of them the value of his land is enhanced. He renders no service to the community, he contributes nothing to the general welfare, he contributes nothing to the process from which his own enrichment is derived…The unearned increment on the land is reaped by the land monopolist in exact proportion, not to the service, but to the disservice done.

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  • [–] 22 points 9 months ago (2 children)

    Rent-seeking behavior is unfortunately very common.

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    [–] 29 points 9 months ago

    I pretty much agree with this. The economy has grown up to be for parasites made by parasites. The value of work should be way higher that it currently is. The economy should work on people actually doing things rather needing to own to become prosperous.

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  • [–] 46 points 9 months ago (4 children)

    These days it is hard to own a house, its like the system is designed to cater to the burguoise - because it is. Regular people cant have their own personal ownership because capitalist leeches known as landlords exist.

    The system feeds on the profiting of others misfortunes.

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  • [–] 6 points 9 months ago (1 child)

    I’m very lucky to have my own house. The number of spam calls I get from randos trying to buy houses is staggering. Some are obviously from call centers. I don’t understand how it makes financial sense to pay people to cold call every fucking homeowner in the US constantly in the hopes that they catch someone looking to sell quickly (and cheaply?). WTF is their endgame?

    I kinda want to get everyone on board with refusing to sell single family houses to anyone who isn’t going to live there as their primary residence. Back in the not so old days, people would refuse to sell to “undesirables” because they didn’t want to tank property values, which would also carry significant reputational harm. We need to use that energy for good.

    In theory, developers who would replace single family houses with multiple houses, townhomes or condos would be OK. We do need more housing in general. Although, IDK if real estate developers are a trustworthy bunch.

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  • [–] 2 points 9 months ago

    In theory, developers who would replace single family houses with multiple houses, townhomes or condos would be OK. We do need more housing in general. Although, IDK if real estate developers are a trustworthy bunch.

    Trustworthiness of developers is a moot point because exclusionary zoning laws prohibit that replacement in the vast majority of urban areas anyway.

    That's what so many people in this thread don't get: the law, designed to give even more privilege to already-privileged single-family homeowners, creates literal housing shortages (in the places people actually want to live, because housing is not fungible between locations), and then they somehow confuse that government mandated distortion of supply vs. demand as "capitalism." They keep blaming "foreign investors" and other scapegoats, but they're not the real cause of the problem.

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  • [–] 0 points 9 months ago

    Indeed. The system is currently set up to prevent people who aren’t already earning rent from acquiring property to earn rent.

    instead of encouraging citizens to buy one property to rent it out…at a reasonable price, perhaps…and have a relationship with their tenant…our system punishes small owners or people trying to enter the market and rewards those who already have the wealth.

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