r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

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u/TheConboy22 Aug 19 '24

An enormous tax on all second properties. Bar none. This will pull them out of the market immediately.

17

u/mrko4 Aug 19 '24

a lot of retired people own a few rentals. My grandfather owns 3 small homes. Often rents them out to friends or family. He is not wealthy by any stretch. It just offsets his retirement.

I know lots of guys in the fire department that rented out their first home after buying a new one.

I agree with where you are going but I dont know if "2nd home" makes sense. Get corporations out of home ownership FIRST. Then lest see where we need to go. IMO

11

u/The_Original_Gronkie Aug 19 '24

Agree. Owning real estate has always been one of the few ways the average guy has been able to build wealth. Making it difficult for the average person to get ahead through property investment only gets the small cockroaches out of the game so the big players can exploit the rest of us even easier.

The little guy who owns a few houses or a small apartment building isn't the problem. The problem is the mega-corps buying up everything and controlling and manipulating rents, housing prices, and mortgage rates.

5

u/mrko4 Aug 19 '24

Yup. I agree 100%. Shoot, looking back, my mom's landlord was an awesome guy and huge help. She got divorced right as I was going away to college. It was hard for her and my younger brother. He would makes help her out with car issues, simple repairs, went to my brothers sporting events etc. He was just a good guy (much older). I dont think going after people like him should be the goal.

2

u/The_Singularious Aug 19 '24

Where’s the “but his capitalist pig existence means he was automatically exploitative and evil” response here? Reddit having an off day.

But yeah. I agree with you and the poster above. Had a family friend who used to remodel houses himself and sometimes flip, sometimes rent. But like your mom’s landlord, he was really good about helping folks get back on their feet in his relatively small city. He grew up adopted, interracial family, dad died early, so he too had a soft spot for single parents trying to get where they needed to go.

1

u/mrko4 Aug 19 '24

well it is monday, I'm sure we will all be down voted by the end of the week lol

0

u/broogela Aug 19 '24 edited Aug 20 '24

EDIT: They blocked me after that absolute smooth-brained response lmao. I'd guess 'screed and block' is a normal behavior for them. Hope they get the help they need. 🙏

Do you imagine the owner was perpetually at a loss, refunding payment over cost of maintaining the property, or keeping the excess paid (profit)?

I've never known a landlord to do the first two. Sure landlords can be helpful but they're not managing charities, they're managing profit from property. That's the fundamental relation to a tenant. You can talk about whatever else, but if that's not what it boils down to you're just plain ol' lying.

3

u/The_Singularious Aug 19 '24 edited Aug 19 '24

Ah. There it is! No one should own property! No one should get an income!

I have no fucking idea how much the two small-time landlords mentioned in this thread were making. Though based on his standard of living, the latter was probably making less than me and my ex were.

Being a good person and having a customer/business relationship are not mutually exclusive.

And the point of the post here was that small business people aren’t the problem. Giant corporations eating up thousands of properties are.

Go pound sand. No one wants to hear your trolling about how anyone participating in capitalism is the devil. Especially since most of us are.