/biz/ - Business & Finance

something like 50%+ of people in the US live paycheck to paycheck. Economic ramifications are going to be much bigger than the virus itself

>>17877715
Yes. This will really fuck a lot of people over. Especially this unfortunate majority

>>17877693
You rent is your landlords income. If you don't pay him, now he has no money and he might as well sell your property

>>17878632
Oh boo hoo my landlord won't be able to afford gas and utilities this month because the dozen or so tenants he has literally can't afford to pay him his overpriced rent that he's grown comfortable on. Why does he only need to pay gas and utilities? Oh shit because he already owns all his properties and is essentially just raking in thousands of dollars every month for doing literally nothing 98% of the time.

Fuck you people who don't think landlords are fucking shit up for the rest of us.

>>17878632
I mean good luck with that; who do you think is going to buy in a market where most renters live paycheck to paycheck; they'll struggle to make rent from anywhere. It's also not their income, stop being retarded, small time landlords make property investments by getting mortgages; the rent pays that off with some pocket change left over, meanwhile big time landlords who own large portfolios of property aren't going to be able to do shit if none of their tenants can pay rent. Landlords are unproductive anyways, even Smith hated landlords. Stop being a cuck.

>Russia spends tens of years trying to subvert the US and start a commie revolution
>China just makes a virus and does it in less than 6 months

>>17878806
>dozen or so tenants he has
Maybe your landlord is super rich but a lot of them are just dudes with an extra apartment. They rely on this income. Apply the same logic to yourself and i can go
>oh boo hoo OP doesn't have a job anymore and he has to rely on his massive savings to live how can he survive
See how I assuming that you're rich for no special reason

>>17878824
There is functionally no difference between people who buy up massive amounts of stock in a crisis to price gouge and landlords because the very foundation of the income they derive from rents increasing is wholly based on the housing markets supply being artificially restricted. Landlords have always been parasites, its incredibly simple to see if you just go back a few hundred years.

>>17878881
Crazy, isn't it?

Hopefully we'll at least get a national socialist movement to counterbalance the red globalist transsexuals.

>>17878806
>Oh boo hoo my landlord won't be able to afford gas and utilities this month because the dozen or so tenants he has literally can't afford to pay him his overpriced rent that he's grown comfortable on. Why does he only need to pay gas and utilities? Oh shit because he already owns all his properties and is essentially just raking in thousands of dollars every month for doing literally nothing 98% of the time.

lmfao, seething poor starbucks barista detected

>tfw DCfag

Try moving somewhere where the law favors tenants over landlords, brah.

>>17878824
>Landlords are unproductive
What does that mean? They've invested in property and they're getting money from their investment. It's no different from buying stock.

>>17878900
My landlord, specifically, does have about a dozen or so properties that he rents out. Prices are average, but that means they're still overinflated. He has owned the properties now for years, so the rent is almost entirely profit. ~12 properties x an average of ~$1k/month = ~$12k/month that he just rakes in. If a landlord is generating this amount of money all the time, he can comfortably afford to give his tenants some relief.

Also, relying on rent as your income is fucking stupid. This is why.

>>17878943
Lol temporarily embarrassed millionaire detected

Go ahead, try and justify the miserly behavior of landlords

>>17878900
>Maybe your landlord is super rich but a lot of them are just dudes with an extra apartment. They rely on this income. Apply the same logic to yourself and i can go
Are you really going to pretend that the dude who can afford to have someone else pay for a house for him is the same as the person paying for his house? It's not a moral judgment it's simple economic fact, rents derived from landlordism is parasitism. People do what they gotta do to make a buck, but you for some reason seem to think it has to be virtuous just by association.

Tell me, do you think people who get vulnerable individuals addicted to drugs that will likely kill them like idk, street dealers are virtuous? I doubt it, at best you can displace the blame onto the person who bought them totally to avoid having to do so. Yet, in reality, it's pharma companies that are killing thousands of people right now in the US, but people don't have the same qualms with that where they need to distance do they? Stop associating all aspects of a thing that you believe in as inherently good

>>17879026
>relying on rent as your income is fucking stupid
And yet you're the one who lost all of your income because of a flu and now you want him to pay for your stupidity.

>>17877693
JOIN THE OFFICIAL /biz/ DISCORD discord gg xFuuSTZ

Turn the chat pink with us bros
AAAAAAAAAA

>>17878957
They don't produce anything for the economy, all their profits are derived from interest & rent. There is no creation of new value going on. Stocks are the same thing, it's just speculation. It's not a moral judgment, it's just a factually accurate observation. Read Smith, Ricardo or hell even George if you want to get right into anti-landlordism

>>17879098
Are you guys lefty infiltrated? If so, pass.

>>17879088
Lol I didn't lose any income, nigtard. I've saved enough to ride this out, unlike most millennials. Again, go ahead and try to justify landlords acting like this.

>>17879067
>Are you really going to pretend that the dude who can afford to have someone else pay for a house for him is the same as the person paying for his house
A ton of people have a mortgage on their house/apartment and get a second house/apartment as inheritance. They don't want to sell it for sentimental reasons and they rent it out. They use that rent money to pay for their own mortgage and they themselves are still living paycheck to paycheck. Extremely common situation. I have a friend doing exactly that. Why should he get fucked because of you?

>>17877715
This is why i'm short boomer stocks and long future shit like ARPA

>>17879146
>I need a safespace
retard, you should be learning about marxism so that you can make a killing

>>17879144
>They don't produce anything for the economy
What? They've paid for the construction of the home you currently live in. If you don't think that's valuable, you're free to leave.
>>17879154
So why the fuck are you complaining?

>>17878806
Yeah. Fuck them

>>17877693
Property isn't free, and neither is food, healthcare, water, transportation, or anything else.

>>17878957
>It's no different from buying stock.
I get it, we're all doing that too, but do you honestly think buying stock is productive?

>>17879173
>They use that rent money to pay for their own mortgage and they themselves are still living paycheck to paycheck.

Your friend is seriously fucking retarded. So they took on a second mortgage even while they themselves live paycheck to paycheck, and you still fail to see why this is fucking retarded. Keep it up.

>>17877693
*laughs in Deagel*

>>17879259
Is giving your money to a business productive? What the fuck kind of question is this.

>>17879205
>buying a shitbrick house and then charging 4x the mortgage (if there even is one) is the same as paying for the construction of the house

LOL

>>17878955
I’m originally from the DC area, but I currently live in Denver

>>17879191
>learning about marxism
I've actually read Kapital. I don't need a gang of tranny undesirables screeching at me about things they don't understand.

>>17879268
>took on a second mortgage
Learn to read retard. He has one mortgage on his home, that's it. After he got this mortgage he inherited another home with no mortgage attached and he rents it out because he doesn't want to sell it. Seems pretty normal to me.

>>17879297
>buying a house is the same as paying for the construction of the house
Yes it is. What the fuck anon, are you retarded?

>>17877693
Hilariously, now the banks have 0% liquidity & those banks need mortgage payments to provide liquidity.

This is going to get good

>>17879173
Again you're still thinking about things in terms of morality. It's not about morality, and if anything, your argument is completely arbitrary, why should I get fucked because of him? That's literally the point. MORALITY IS IRRELEVANT, it's about describing economic relations.

>Inheritance
It's funny you can mention this word and not realise that's exactly the same kind of thing I'm talking about. Inheritance is something that you do absolutely nothing to receive. It's completely unproductive and is just about ensuring accumulation through paternal bloodlines.

I know a few people who do the same thing and even they're not this cognitively dissonant about the reality of what they're doing, they just don't care because that's what they have to do to make money. Simple profit motive.

Let me ask you this though, to ground this in reality: Do you think that regular people who have a 2nd property are going to be forced to pay mortgages when their tenants can't afford rent if such a thing is happening en masse? No, they're fucking not. IF ANYTHING, they are more likely to get given mortgage relief and then still try to extract rent from their tenants.

Please get some perspective if you're going to insist on arguing exclusively in terms of moralism. Landlords aren't poor victims who are getting fucked.

>>17879335
Fair, I misread how the second house was acquired. Either way, your friend is contributing to the housing bubble if he's charging above what the mortgage would be on that second property, and if you ask me he's a fucking retarded emotional ape if he would rather continue living paycheck to paycheck AND be a landlord than sell the other property to pay off his current investment.

>>17879365
>why should I get fucked because of him
You're getting fucked because you have nowhere to live and no job. He has absolutely nothing to do with it. You don't have a right to his property. Get the fuck out

>>17879297
Well build and finance the house yourself then if you are so capable.

>>17879359
>buying a house that already exists is the same as paying for the construction of it

Come on you aren't really this fucking dumb are you?

>>17879205
>What? They've paid for the construction of the home you currently live in. If you don't think that's valuable, you're free to leave.

You're retarded my guy, Landlords are not property developers and even if they were, extracting RENT IS STILL UNPRODUCTIVE. If they took the rent money and then invested into developing new property, that would be productive because they are creating new value.

READ CLASSICAL ECONOMICS

>>17879301
>but I currently live in Denver

Hard yikes, my dude.

>>17879408
With the rent I pay I literally COULD afford to take out a $100k+ mortgage and build a better house on more land, but since the world we live in prefers nonexistent funny money to real cash, I apparently have no credit so a bank probably wouldn't give me a loan. Not my fucking fault I don't want a personal credit card.

>>17879321
You do realise that this bullshit doesn't fly right? Nobody believes you when you pretend to read shit. Maybe that's why you can't make any fucking money so you post on an imageboard full of paid shills for crypto

>>17879439
So you are entitled to live in a house for free because someone else bought the property and is not using it for himself?

>>17879477
Get an FHA loan. They are for dumb people and niggers like you that don't pay their bills

>>17879405
All you can resort to is mantras huh? If your landlord doesn't pay then he's getting fucked because he doesn't have money to pay his mortgage. Neither me nor the bank have anything to do with it.

HE DOESN'T HAVE A RIGHT TO THE BANKS PROPERTY. Get the fuck out.

>>17879446
Explain

>>17879499
No one is saying "rent should be free" you fucking zero sum retard. Rent should be affordable compared to the actual property value and what a mortgage would be on the property, not set to "what the market will bear"

>>17879499
Literally where did I say that you fucking retard? You are seeing words and then adding ones that aren't there

>>17878806

pretty much, most of the faggots here are neets or naive college student, landlords tend to be massive arseholes for the most part

>>17879533
I've paid every single bill and rent payment on time for almost 4 years. I'm more reliable than a great deal of people that banks will loan money to, just not on paper.

I attempted to get in touch with the FHA about a loan a few years ago but there was literally one lady working in my regional office and she never returned my phone calls.

>>17879499
Yes. Private property is a neoliberal illusion. In a free market, I would be able to break into a house and barricade myself inside of it with a shitload of guns. If someone else wants that property, they should have to try to storm my defenses.

>>17879173
Because other anon is bitter, anon

>>17879545
Outside of the west coast and NYC, Denver has one of the most overinflated housing markets in the country

>>17879627
Oh yeah tell me about it. My uncle wants to buy a house there, but I keep telling him to wait until the bubble pops. I don’t think he’ll listen though.

I’m only renting, though I pay 1.2k/month

>>17879710
For $1.2k/month you could be paying off a mortgage on a quarter million dollar house, my bru

>>17878806
KEK, what the fuck are you doing here?
>>17878881
Pic related
>>17879026
Does the contract stipulate relief?
>>17879064
Simple, you want something, you agree to pay via a contract to receive the item. You can always get out of the contract, you agreed to the early exit terms.
>>17879144
>don't produce anything for the economy
How about buying a home that provided jobs & profit to others, Or creating new funds to expand the economy via the mortgage.

Why the fuck have you done? be specific

>>17879604
This unironically. If you're relying on private property rights then what you're saying is that the state should guarantee things for you, which automatically precludes there being a free market.

>>17879738
I know m8. It kills me on the inside. At least my job pays decently well

>>17877693
Competent landlords should have cash reserves to last for years. Rent cucks will get shit on as they always do. If you're not a landlord in this country you hate money.

>>17879772
>How about buying a home that provided jobs & profit to others, Or creating new funds to expand the economy via the mortgage.

If they got a mortgage then they didn't buy the home did they? The Bank created the Loan, they own the Property de facto.

Who else are they providing profits for? If you mean that they're spending money then big whoop so does everyone else

Who are they creating jobs for? They haven't actually done anything unless they built the home themselves. That's the point.

>Why the fuck have you done? be specific
What are you saying here?

>>17879772
Great reasoning for why we should all be okay with landlords fleecing people. Ding dong.

>buying a home that provided jobs & profit to others
How is this your argument? Sure, buying the house provided a small handful of jobs and profit YEARS AGO. Since then, the landlord has set the mortgage to be as high as he can without losing tenants, and generated almost entirely profit for himself. He then spends this money on his own rental properties. It's an almost entirely closed system but you don't want to admit it and shatter your bullshit.

>>17879064
>Hehe look at this le temporarily embarrassed millionaire, he thinks he can le "work hard" and le "succeed"! What a fool, aspiring for something greater, aspiring for success! Does he not realize the game is rigged against him and he can never win? Give up! Just give up now and join the revolution, we'll kill the rich!

>>17877715
>50%
Lowball estimate.

>>17879843
>At least my job pays decently well

You won't be saying that once you get laid off this week, brah.

>>17880133
>hehe gottum by totally ignoring what he said and continuing to act like money is the best thing ever lol!

>>17877715
its 75%

>>17879144
Give me the full names of those people. I want to read.

>>17879896
>doesn't understand money creation
>Who else are they providing profits for?
The house builder, the employees of said house builder, appliance makers, Appliance sellers, carpet makers, carpet sellers, window makers, window sellers ect...Don't forget the banks
>What are you saying here?
You're a min wage bottom rung of the economy loser, most likely
>>17879951
You forgot about the money creation by him & most likely money creation from tenants using credit as they're to poor to buy things cash.
if the appliance breaks it has to be replaced its not a closed loop
How about the fact that by holding property they are pushing up prices of houses needing even more money to be created to buy a house expanding the economy further.

>>17880211
your use of "temporarily embarrassed millionaire" discredits everything you've said and ever will say

enjoy your job at McDonald's while you plot with your buddies in discord on how to overthrow the oppressive capitalist regime

>>17880443
>The house builder, the employees of said house builder, appliance makers, Appliance sellers, carpet makers, carpet sellers, window makers, window sellers ect
Seriously? You're still going to count the single transaction that happened years ago as "providing profits for" the economy? Stop acting like landlords maintain their properties like this.

If an appliance breaks after the landlord puts it to use for a decade, and then they replace that single appliance to be used for another decade, that does not justify pricing your rent at 400% of what the mortgage would be on the same house.

>>17880468
Lol have it your way faggot

>>17880551
>glossed over the money creation aspect
guessing you don't understand this or don't want to.
>Mad that the market priced the rent at 400% of what the mortgage would be on the same house.
it also appears you don't understand markets

KEK let me guess you're a mutt

>>17878806
Why is my landlord living paycheck to paycheck

>>17880659
>muh markets
>muh wealth creation
Holy fucking shit it's like you're so entrenched in your own self fulfilling bullshit tactics that no one will ever be able to pull your head out of your ass

>>17879191
What level of retardation is this? The fake Marxists on this board need to get the fuck out. You are not welcome and this is not your board. I think you want the commie gulag board /gul/ go ahead over that way.

>>17880758
>entrenched in your own self fulfilling bullshit tactics
P R O J E C T I N G
Look what board your on retard, what the fuck are you doing here anyways? meme coins/stocks don't contribute to the economy under your view either. You're a landlord that's not even providing a service

Also retard, i never said wealth creation, i said money creation, massive difference, are you to arrogant to ask & possibly learn?

>>17880937
>your
>to arrogant
>retard

Don't redirect, try to actually answer my questions or respond to what I'm saying. The vast majority of landlords are ripping people off because they 1. by and large own their rental properties outright, allowing them to generate almost entirely profit; 2. by and large do not do extensive maintenance on these properties and whatever maintenance is done is typically done at the lowest cost possible; 3. by and large are pricing their rents well above what actual market-value mortgages would be on these properties.

All I'm saying is that it just obviously doesn't make sense and is bad for renters, and if it were done differently it would just be that - different. But the current, accepted way is clearly shitty and if you disagree you are either benefiting from it or think you are.

>>17881273
>I'm too arrogant to ask about something I don't understand, but I'm right, let me repeat what I've already said.
If you took the time to understand money creation you would see what I'm on about, I didn't redirect either. You never responded to my market point either. its actually yourself that 'redirected' back to your own self-fulling bullshit that's already been answered. you just don't like the answers or refuse to understand them.

FYI I rent
I chose to enter a contract at market price, landlords are not charity, they took a risk & expect a return...its called an investment

>>17881604
>its called an investment
muh investment

You should invest in companies, not something literally everyone needs. That's the core issue here but you wanna talk about money.

>>17878632
Lol good luck getting a court to evict me during the plague. Lower your rent, or get ready for me to squat for the next 18 months rent free until a cure is announced

>>17879594
ever have a chinese landlord? trying to get them to fix something is like drawing blood from a stone

>>17879487
Take it easy now, Mr 12 posts by this id.

All this keyboard red revolution'ing must be cutting into your dilating time.

>>17881712
>Still avoiding the talking points but tells me what to do with my money.
How is investing in companies helping the economy under your view?

>>17877693
I don't know, but in Québec, all workers who's job are suspended due to being shut by the governement, ex: Bars/Cinémas/Operas/Arenas/sugar shack/Libraries.. ETC.. are being given 573$/week as compensation.
Also most desk jobs and class are being done online at home.

>>17881981
C'mon manj stay on topic

Landlords are mostly shitheads that actively impact renters and the economy in a negative way, change my mind

>>17882090
>C'mon manj stay on topic
ffs retard, you brought up companies...you redirected not me
>change my mind
Its difficult with arrogant cunts that don't want to learn but stick to their entrenched self fulfilling bullshit tactics.
typical zoomer shit really

>>17879896
So who should own that property?

>>17882285
Ah okay so apparently you can't scroll up or something. You should see about getting that fixed cuz it sure is making it difficult for you to remember we're talking about hurrrrrrrdurrrrrrrr

>>17877693
France is suspending it

>>17882491
The person/people that actually live in it and put it to use. Whether or not we can change the widespread cultural acceptance of just renting and city hopping every few years is an entirely separate conversation though.

>>17882090
That's not true, for most people like me it's a 24/7 full time job.
You get calls and emails in the middle of the night about an electricity poteau that has fallen down. You have to pass the vacum and mop everyday. Fix the heater.
There's a shit ton of things to do.

>>17881712
Explain how apartments should work.

>>17882524
Are you retarded? its difficult to change the minds of people that are unwilling to learn about what is being spoken about...people like you. You've dropped what i've said about money creation as you don't understand it but somehow your world view is correct none the less.

kys zoomer

>>17882580
What about people who cannot afford to be homeowners?

>>17882584
I can almost guarantee that "most" landlords aren't doing what you're talking about. Also if you're vacuuming and mopping your tenants' homes every day you're fucking up.

Realistically you're telling me that you deserve to charge someone several times the price of what the mortgage would be just because you do the work you would pay a maid minimum wage to do, and you don't even do that work as much as the maid does.

>>17877715
Its actually 78% of full time workers living paycheck to paycheck
>>17877693
Im surprised people dont realized this even before this shit

>>17882664
Affordability has a lot to do with societies general attitudes toward what "affordable" even is. People like this dude >>17882650 are what makes the system suck for everyone but themselves, because they think it's totally fine for a someone to overprice rents in the name of investment.

A lot of people could afford to be paying the mortgage (and more) on the house they're currently renting, they just have no equity to leverage and probably no credit because they're stuck renting. Self perpetuating system.

>>17882624
Apartments should cost less than what the same amount of living space would be if it were a standalone, single family home.

Whats that? You took something for granted and didnt plan around it?

>>17882785
fuck you cunt, you avoided what i was talking about as you didn't understand what I was talking about. You still don't understand & you can't bring yourself to ask.
KYS arrogant zoomer cunt

>>17879067
High IQ post
>>17879144
This guy gets it

>>17879173
>Why should dumbass speculators get fuck just because productive people lose their jobs

>>17879205
Landlords don't build anything you actual mong

>>17882914
>>17882650
I'm not wasting my time trying to engage with some dude that clearly has some bias against a different age group, which I'm not even part of. It's bizarre.

>>17878632

That is why they should just freeze everything they can. You can't just freeze one part of the market without cash flow being fucked up somewhere else. But the market isn't made to handle this kind of crisis, it is a huge and immediate supply shock. Do governments try to prop up markets during massive war efforts, or do they do what they did in WW2 and start temporarily nationalizing industries, directing investment and dictating production?

That is what you have to do in an emergency. Did the government try to bail out local grocery stores during Katrina, or did they bring in truck loads of MREs and medical supplies? If the state wants to be serious, then they should freeze rents, freeze mortgages, freeze debt payments, tell everyone to go home and then isolate key industries and their supply chains producing medical supplies, food, any necessities for people stuck at home and then bring it by the truckload for delivery to either drop off points or spread out through neighborhoods dumping boxes at people's doors. Nobody is paying anybody, nobody is making or losing money, but everybody is surviving for a month or whatever until the virus levels off and dies. Then everything is unfrozen and everybody goes back to work like normal, market restored to its normal conditions.

>>17879786
you know absolutely nothing about private property rights and it's embarassing

>>17882967
>MUH I don't what to understand how finance works on a finance board
>MUH you're being ageist
KYS, in general you zoomers are fuckin arrogant, you in particular

>>17883200
>let me explain to you WHY landlords fucking over renters is actually okay
>still calling someone that isn't a zoomer a zoomer

shiggy diggy doo wop my friend

>>17878806
>>17879439
>>17879477
>>17879599
>>17880551

How are your privately owned skyscrapers in Manhattan doing you lovely principled non-renters? I suppose your answer to rent vs mortgage is just to have everyone live in their own rural hovel that they've built out of tree carcasses. If you want to talk about unrealistic and unproductive, let's talk about having everyone move to where there are no high paying, corporate lifeblood jobs so they can afford to own a shitty house outright. Rent is a necessity anywhere you have a requirement for collective development due to the cost of construction or land. Before you say "Everything should be a co-op" or "Everything should be state-owned", please live in a co-op or state run housing project first, and then get back to me.

I own several properties in a depressed former-industrial town in the north-eastern US. They were previously uninhabited, bank owned, or condemned. I paid an average of about $70,000 for each of them. During the course of these renovations I've hired out more subcontractors than I can remember: plumbers, fire marshals, drywall guys, kitchen designers, granite cutters, hardwood floor guys, gutter installers, sewer contractors, and I've put thousands of hours a year into them myself. People rent them from me for around $1000 a month. That $1000 covers my mortgage, but it also pays the taxes, insurance and so on. The property also uses gas and electrical which isn't free. Other than the equity I'm generating by paying those loans down, I pocket at most $200-300 per property per month. That is if a boiler doesn't explode, or a tenant doesn't start cooking meth in the bathroom.

Without my intervention, there would be 10 abandoned houses that nobody can afford to buy (even at 70k) and $0 spent to local contractors instead of the >$100k I've spent cumulatively. Why don't I deserve to be repaid for generating this economic activity AND providing affordable housing again?

>>17877693
>doesn't own his house
>what do you mean I can't just live in someone elses property for free

>>17883311
Oh so your just arrogant...sorry Zoomers. I shouldn't have lumped this retard in with you!

>>17879173
>still living paycheck to paycheck
Maybe don’t have 4 kids and hooker and blow parties every weekend. People who live paycheck to paycheck are fucking irresponsible retards, especially those with a massive leg up. Living on even a 25k a year salary as a single person is more than enough to have you living comfortably with the ability to save. The real problem is retards go have 3 or 4 kids on minimum wage, don’t invest, blow their money on drugs and mobile games, refuse to cook cheaply, then turn around and cry about having to get extra jobs just to survive.

In short, he should get fucked for having a massive advantage and still being a total retard with the money.

>>17883397
>Maybe don’t have 4 kids and hooker and blow parties every weekend. People who live paycheck to paycheck are fucking irresponsible retards,
do you have down syndrome, retard? It is a well known FACT most jobs just dont pay enough even if you're single and frugal, you absolute brain damaged bitch

>agree to pay specific amount to live in a place
>complain that you willingly agreed to it

>>17883338
That's not to say I don't think there are some fucked up dynamics in the housing markets. It's true the people who rent from me could just pay the mortgage and taxes on it instead, but that doesn't consider the work that I've put in. If there were throngs of able bodied people with good credit just waiting to renovate houses and restore neighborhoods, the houses wouldn't have languished on the markets for 72 months and been stripped of their copper by scrappers. The reality is their credit is trashed because they made irresponsible choices and were enabled by an even more irresponsible lending industry. It's merely my opinion that a professional banker and financier who does this for a living should know the risk profile of his lending habits better than the toothless hick he's writing the $400,000 mortgage to. The rise of unscrupulous originate-to-distribute lenders and the underwriters who enabled them hold much of the blame for that.

The ire for landlords confuses me though. Does it suck that you're paying money and not generating value for yourself? Sure! Is it the banks' fault that you refused to use a credit card for the first 10 years of your adult life to avoid being tracked and marketed to by big scary banks? Not a chance. You live in a system whose rules are easily observable to you, it should not come as a surprise that after decades of shunning banks and credit, that you will not be easily accepted by the very same banks you shunned when you arrive cap in hand to buy a house.

Now, you can be mad all you want about NYC jew landlords who inherited the building and just collect the fat of the land, fine. But fuck off throwing me in the bucket with those motherfuckers, I break my balls and people have a roof over their heads for it.

>>17878632
Just start killing landlords and bosses

>>17883338
>have everyone live in their own rural hovel that they've built out of tree carcasses
bizarre, classist writing off of...houses built out of wood??
>everyone move to where there are no high paying, corporate lifeblood jobs so they can afford to own a shitty house outright
Oh okay so you can't work your shitty cubicle job from home over the internet [like everyone is doing right now in the areas you're talking about :D] and you certainly can't build a nice house on a plot of rural land, what was I thinking

So renters should have to hemorrhage money because you got fleeced by contractors while you tried to fix up your shitboxes? That's exactly the attitude that has gotten the housing market where it is today.

Without your intervention, 10 people or families could have purchased the land or new homes built on it after they were finally demolished or truly rehabbed. That would be 10 be mortgages building equity. Fuck you.

>my intervention
>providing affordable housing
get over yourself you fucking dipshit

>>17883009
That’s how it works in a country with solidarity not America which is full of invaders and traitors

>>17883565
Because people arent left a choice, smooth brain. It's either that or homelessness
>but why dont 100% of people just MOVE to where rent is cheaper
Imagine being this retarded

>>17883338
People like you will definitely be targeted first

>>17883566
>The reality is their credit is trashed because they made irresponsible choices and were enabled by an even more irresponsible lending industry

The ACTUAL reality is that a lot of millennials don't give a fuck about credit because they don't want any[more] debt, and paying rent and utilities doesn't contribute to their credit scores. We could change this, of course, but people like you have a finger on the scales.

>>17883612
Really good ad-hominem attack without explaining at all how people making $15/hr would ever be able to afford to buy a house, much less do a single iota of work on it that requires any outside intervention. Paying someone to do electrical work up to code is somehow getting fleeced?

How on earth do you make that connection? Granted, you said the word "classist" so I have to assume you haven't actually worked a day in your life.

>>17883526
>Absolute FACT
>no sauce
They don’t if you work at Starbucks but insist on living in the Bay Area because it’s trendy. Most jobs absolutely pay enough, people just have a million payments per month like the retards they are. Then volpoors like you come here assblasted to the moon from being intentionally broke.

>>17883699
>how people making $15/hr would ever be able to afford to buy a house
Oh yeah I forgot, the market totally isn't artificially inflated out the ass because of people like you

>Paying someone to do electrical work up to code is somehow getting fleeced?
Hahahahahahaha spoken like a true landlord that has DEFINITELY gotten his ass reamed by some contractors hahahaha

>>17883697
>blames others but refuses to see how the system works.
OK retard, you know how to fix this shit don't you! its everyone's fault except yours.

>>17883753
>no sauce
retard. Google "32% of jobs pay hardship wages. 30% pay livable wages"
RETARD. Learn to be resourceful, dipshit.

That stat ALONE destroys you anally, dumb bitch

>>17877693
>peoples’ jobs going to be suspended but not rent and mortgages etc?
Give it a month and everything will be suspended. The average american doesn't have even $1,000 in savings.
If banks try to collect mortgages etc., they'll go bankrupt.
>bank tries to collect
>most customers cannot pay, default on loans
>all loans are labelled red and toxic, bank's valuation plummets, people take their meagre savings out of the bank in fear of collapse, Lehman Brothers 2: Electric Jewgaloo

>>17883769
>count rent and utility payments toward personal credit scores
>count single member LLC credit payments toward the single owner's personal credit score

Sure would be a great start, wouldn't it?

>>17883756
A $70k house is somehow inflated in your world. Got it. Please go to youtube and look at what most allegedly credit-averse millenials are willing to shit out on a tiny house. I've worked with the same electricians for 10 years, they sign off on work that I do myself for like $75. I see the value in this because it allows me to buy home-owners insurance and also ensures my tenants don't die in easily preventable fires because as it turns out, electricity can do that.

>>17883697
If they have debt, then they should care *even more* about the implications of credit, and what it means to their lives.

>>17883753
>bay area
lmfao. This fucking cherry picker has such weak arguments that they resort to cherry picking the most expensive areas to live in. Fyi that stats I just mentioned are nation wide stats. Retard.

I hate smooth brain retards like you. Learn to think, dumbass. Learn to read statistics instead of pulling literal shit from your ass

>>17883756
You are apart of the market retard. But hold on, its everyones fault.

>>17883753
>Most jobs absolutely pay enough
No sauce :)

I used a stat that anally raped you. Your turn :). Good luck, down syndrome.

>>17883338
>Without my intervention, there would be 10 abandoned houses that nobody can afford to buy (even at 70k) and $0 spent to local contractors instead of the >$100k I've spent cumulatively.
Because both American parties are doing their hardest to subvert affordable housing initiatives because of very successful lobbying. Those were being demolished by neglect to make way for low-density middle-class housing, because housing like that is more profitable but is still able to qualify under those housing schemes.

>>17883818
>refuse to define own argument
>refuse to define own terms
If you actually knew how to work you wouldn’t be poor lol

>>17883864
No, a $70k house isn't inflated but you know I wasn't saying that. A person making $15/hr that actually knows how to spend money could afford to mortgage a $70k house if they worked full time. They can't, however, afford to buy or be written a loan for what should be a $70k house but is priced at $300k because dudes like you say "that's what the market will bear lol"

>>17883848
>thinks he can solve the system
>doesn't understand how it works in the first place
If you understood credit, i wouldn't be calling you an arrogant retard.

>>17883903
>literally no u
Just fucking lol

>>17883941
I don't disagree in general, but the great irony is that most of my loans were written under a specific fannie mae provision for generating affordable housing. I bought 1 or 2 families that had been converted to 3 or 4-unit houses by terrible slumlords on the condition that I convert them back to 1 or 2 families and provide them at or below market value. In return there is slightly more favorable financing conditions and 5% down payment requirement.

Even with those terms freely available nobody was buying these houses until very recently when money became extremely cheap.

>>17883635
>what do you mean supply and demand exists things should just be free

>>17883993

Uh yeah okay but >>17883848 sure would be a great start wouldn't it

>>17884045
So now you've shifted from shitting on landlords to complaining about credit scores. Is there anywhere on earth you consider to have a genuinely favorable climate for workers to achieve affordable, quality housing and credit for their own aspirations in life?

I am genuinely curious to see where you're coming from here. The housing market in most of western Europe is even worse to the point where most people my age (that I know anyway) live at home, just saving up because mortgages typically have down payments on the order of 33-50% rather than 5-20%.

>>17884011
>literally no u
Retard alert. I already stated a stat. You havent. God DAMN. So THIS is what true retardation looks like.
Cant even back up what you say LOL!!!!

>>17884027
Not an argument :). It is a fact people arent left a choice therefore it is unethical to make real estate a for profit venture.
Choice = luxury profucts like a couch, car, phone, etc. NECESSITIES = food and shelter. Those 2 things should NOT be for profit (restaurants are a luxury so could care less what they price things at).

Dont put words in my mouth, you literal faggot. I never said free. I an saying things needed for survival shouldnt be based on for profit, dipshit.

>>17883945
Retard. I'll dumb it down for you since you are clearly too fucking stupid.

Livable wage = BARELY enough to survive on your own.

Hardship wages = LITERALLY impossible to survive on your own.

Dont believe me? Fucking GOOGLE it, you stupid lazy fuck.

Anyways, hardship and livable wage jobs make up the majority of the economy, smooth brain

>>17884123
This produces commieblock housing by necessity because there is no incentive (or budget...) to produce something beyond survival-tier lodgings. I think that commieblocks are generally regarded as pretty substandard and undesirable places to live...

To incentivize development, there must be a profit motive, unless all housing is administered by the state.

>>17884109
>Is there anywhere on earth you consider to have a genuinely favorable climate for workers to achieve affordable, quality housing and credit
Not at the moment, with emphasis on "genuinely". I agree with you that real estate in western Europe is also drastically inflated, but when it comes to renting, you typically get housing that is higher quality, less expensive, and more convenient than comparable American rental housing. Not to mention, those Europeans don't have to worry about paying for school and medical expenses and saving for retirement.

>>17884045
Not really, credit is for people that don't understand the 8th wonder of the world generally. If they're dumb they get fucked, no reason to help the dumb, markets need dumb people.

LLCs are separate persons, these are formed to provide limited liability...This is why they are created, to be separate...more shit you don't understand apparently.

I repeat you don't understand credit, nor do you appear to want to learn. But everyone else is at fault...ok retard

>>17884123
>It is a fact people arent left a choice therefore it is unethical to make real estate a for profit venture.
Why? Survival of the fittest is the basis if nature.

>>17884248
If an LLC is single owner, the company's credit is the person's credit. It makes no fucking sense to pay regularly on a single owner LLC credit card and then be told that you have no personal credit record. If a single owner LLC does not have to file taxes separately, why should the credit be separate from the single owner?

>>17884227
I think your last two points (education and medical) are absolutely valid ones. When you consider the major expenses in a person's life, at least in the Americas, it's
-Housing
-Transport
-Health
-Education

At least in europe you have the last three. I don't think that invalidates the use case of private developers rehabbing disused housing and offering it to the public at market rates.

Maybe the discourse on /biz/ is just more caustic than other boards, idk. I just came here to scrape news on crypto.

>>17884319
Well, organizing yourself as an LLC is a liability shield first and foremost, and any action that could be considered co-mingling the income of the company with your own (and the expenses/deductions) brings you closer to piercing the corporate veil.
That being said, on my credit report, I don't see any mention of my income, be it W2 or otherwise, so I think it's fair to say generally that income is not correctly considered as a part of credit scoring, or it's unnecessarily opaque the way that it is considered, if it is.

>>17884319
you make no fucking sense retard, you don't understand the system. hilariously you refuse to learn. i'm off to the clubhouse to celebrate paddy's day. Try not to be like the rest of your countrymen, stop being an arrogant cunt. People like you make the country untenable.
night retard

>>17884202
No, smooth brain. Not everything you dont like is communism. I can think of something simple. Either make a small piece of land free or have it offered to citizens at a small price (like 100 dollars or whatever). Fucking dirt doesnt cost anyone anything so charging thousands for it is retarded. There should also be a rule of one piece of land max per person.

Then, with that has the land, they can have someone build the home for them custom made so that it can be big or small depending on the person's wants. They can negotiate an actual deal with the contractor.

This way if someone wants to be a minimalist, they motherfucking can be now. Simple.

>>17884202
I lived in a commie block from my childhood until my late teens. They are not very happy places to live.
What communists don't understand is that "essential necessities" (or, as they call it in economics, "strategic sectors") are very subjective concepts. I wonder if I should be bothered to further explain this point.

>>17883699
>how people making $15/hr would ever be able to afford to buy a house

by making holding properties for rent-extraction extremely costly. parasites like you would have to look elsewhere and housing prices and rent would fall.

>>17884428
>Not everything you dont like is communism
>now let's just give away stuff for free

>>17884316
>why fix society?
copout. By your logic, if 99.99999999999% of people died off, thats all cool because "survival of the fittest".

Thats a lazy as shit answer of "just ignore the problem lol".

>>17884538
>society must function according to my own standards
Authoritarianism lives rent-free in your mind, anon. Get rid of it.

>>17884522
When did I say free :)
The land? Ya, that can be free or have a small cost because land isnt mother fucking "produced". It just exists. 0 work from humans went into making land, retard.

Thats literally the only time I said free.

How is making a deal with a contractor "free"? :)

I'll wait. Dont blow up your brain now ;)

>>17884428
>Fucking dirt doesnt cost anyone anything
Land ownership is literally the foundation of society and not all land is created equal.

>>17884571
You do realize that green text applies to you too, right, smooth brain?
Kek...

Anyways, again, what you said was a copout. You are just saying "who cares about problems. Just ignore them". Lazy piece of shit.

>>17884428
Again, so needlessly hostile. You know the land component of development is almost free in places like where I operate? The construction costs of a 2000 square foot house are about $130,000 US. That price is typical of a cookie cutter house in a development, literally factory produced it is still that expensive. About $10k of that goes to pure bureaucratic components like code enforcement inspections, certificates of occupancy, and so on.

You can't look at the cost of a 2x4 in Home Depot and extrapolate that somehow to get to a $20,000 house. Again, look at youtube people building their own shit. They'll spend 80k on a trailer home. If they do get a house built for $20k they're in idaho or somewhere that doesn't inspect and they'll probably poison their own well with their septic or die in an electrical fire for it...

>>17884575
>When did I say free :)
>Either make a small piece of land free

>>17884604
I... Am not the anon you were talking to. You do realize what IDs are for, right? It's like your username in reddit, but it changes every thread.

>>17884590
> Land ownership is literally the foundation of society and not all land is created equal.
You green texted me and didnt address the green text lmfao.

Anyways, retard. That's why I brought up the idea of pricing land such as on the sqfting. Dont try to make every fuckign thing a business idea, dipshit.

>muy foundation
more like the number one problem in shitmerica, dumbass. It is LITERALLY what is causing this country to fall apart.
My idea is superior to what we currently have as it would result in basically no housing issues (minus the inevitable carrying capacity being reached from reproduction).

>>17877715
No company bailouts, real companies should have savings too.

>>17884437
I think a commieblock is a fine alternative to homelessness for the most desperately poor, but if you make free housing the standard, then you will lower the standard to that of a commieblock for everyone.

Nobody *wants* to live there. There is a reason people flocked to America for the classic image (however unrealistic) of the house on the acre of green land with the white picket fence.

>>17884606
> development is almost free in places like where I operate? The construction costs of a 2000 square foot house are about $130,000 US. That price is typical of a cookie cutter house in a development, literally factory produced it is still that expensive.
okay? With my idea, not everyone would have to settle for 2000sqft. Maybe someone only wants 600sqft.

> If they do get a house built for $20k they're in idaho or somewhere that doesn't inspect and they'll probably poison their own well with their septic or die in an electrical fire for it...
Why is it cheaper in idaho? Supply and demand of housing? Other than supply and demand, why cant it be assumed a house can be built just as cheaply anywhere else?
This is my point. With my idea, people would only have to spend money for the contractor on construction costs and inspections.

>>17884353
>>17884391
While these two posts I can dig, you really do have some deeply entrenched, status-quo gripping attitudes that are evident in these other posts

>>17884692
>you will lower the standard to that of a commieblock for everyone
That only happens if the people allowing the buildings to be built, the people actually building them, and the people living in them accept this attitude (which is what has been happening forever because we're still fucking dumb apes)
>>17884606
>typical of a cookie cutter house in a development, literally factory produced it is still that expensive
This kind of stuff is how I know you've been ripped off by people. I know it's "typical"; the factory is turning a profit off of this assumption. If buyers came together and refused to allow building supply companies and prefab companies to rip them off, "typical" would suddenly become a lot less expensive.
>They'll spend 80k on a trailer home
This is true but a lot of the time these people are absolute fucking dumbasses. They come from trust funds and just blow money into a bus conversion or whatever until it looks like their favorite AirBnb.

>>17884612
Welp. Youre clearly retarded and cant read the rest.

>>17884849
>why cant it be assumed a house can be built just as cheaply anywhere else?
Government regulation, local businesses, schools, there are many reasons why property is worth more in other locations.

A person put it pretty elegantly the other fay:

We’re creating an economic crisis in order to stave off a health crisis. Because at least our economy is good and can survive, whereas our healthcare system would fold in seconds.

>>17884884
>I-I didnt say free
>ok I did but that doesnt count because I arbitrarily defined something as not being woth anything

>>17884915
I think he's going to want an explanation for why those things should impact housing prices under what he is proposing. Because according to what he's saying, they shouldn't.

>>17884849
Generally the safety and regulatory measures that make housing (and cars, and many other things) more expensive are prevalent in blue states. In West Virginia maybe you could go out and build a plywood shack with a wood stove and nobody would care. In NY the state is concerned you're going to gas yourself with that wood stove because you might not have installed the flue pipe correctly, so they mandate you have things like that inspected, the costs of which add up.

Maybe in other states you can have your uncle Cleetus build your house for you and pay him in Busch light, again in NY for example, contractors must be licensed, the must pass exams, and they must build to minimum standards of quality that don't exist in other states. I'm actually for this regulation because I realize that people might make mistakes that are obvious to professionals and end up killing themselves. I'm actually not for people dying needlessly despite the fact that I enjoy making and having some money of my own.

Your point taken that youtube amateurs are morons, but im saying doing things right is just very expensive, and doing things wrong can cost you your life.

>>17884690
in order to compete globally you have to live on the margin and on loans

opertunity costs to high for saving

>>17884950
How is hiring a contractor and paying them anywhere near "free"?
As for the land itself, it costs nothing. No human fucking made it so it shouldn't have an actual cost considering no labor was done to create the land itself, shithead.

Jesus christ, these cherry pickers. They cherry pick and even then their specific attacks are weak.
Are you a kid by any chance? You dont argue like an adult. Whats your age? Im genuinely curious if youve ever even had a job before

>>17884878
Ripped off is relative, my whole family are tradesmen (plumbers, electricians). I have a pretty decent barometer for what work and materials actually cost and I do quite a bit of it myself anyway. I also don't mind paying people a fair wage for the work they do, so the dissonance I see here that I am charging too much because I should be paying cut-rate prices for my contractors is something I've never been able to square the circle on. That would make me an "unscrupulous jew" landlord imo.

In another thread you'd probably argue I need to pay a living wage of $15/hr to anyone working on my stuff, and I'd generally agree. However that does result in higher costs and its compounded buy what I mention here >>17884995

I think there are 2 main sides we're each on. One side looks at the system with disgust and thinks it should be torn down completely. The other (mine) looks at the way things work and attempts to make his life fit within it in a way that doesn't fuck people over unnecessarily. My rebellious years were in high school and I was relentlessly pushed for going my own way by my peers, the school and everyone else. That led me to consider how I might play within the boundaries of where and when we live, and try to improve things around me more tactically. The majority certainly was not on my side.

>>17884974
I can understand "government regulations" such as necessary inspections. The rest sounds 100% unrelated to the cost of making a home (they will probably say "homes near schools should cost more because it's more in demand" in which case they missed my point).

>>17885159
I'm curious about your system. Under what you're proposing, would someone be able to just find a plot of land and say they want to own it now? Who would keep track of that? Would there be a limit on how much land you could acquire? What you could do with it? Honestly just curious.

>>17885208
>(they will probably say "homes near schools should cost more because it's more in demand"
It's actually the quality of the schools themselves that effect it. People want to live in better quality areas and schools are a large part of determining that.

>>17885207
>The other (mine) looks at the way things work and attempts to make his life fit within it in a way that doesn't fuck people over unnecessarily
With all due respect for the status-quo, this attitude is clearly dangerous. It's generated an absurd housing market. It benefits a segment of the population that will be dead or unable to reap the benefits of their plunder in the next twenty years. Younger people than them will soon be the majority and they simply do not agree with what you're talking about, unfortunately.

How do any of these alternatives address people moving or dying? What about owning multiple homes?

>>17885303
>>17885207
I should also say that I don't want anything to be torn down completely. I just think we, as a culture, accept change at entirely too slow of a rate and expect people that are getting the shit end of the stick to just buck up most of the time.

>>17878806
Communist uprisings, historically, have targeted landlords and gun owners first. Landlords will be given money to compensate for your petulance, all you need to do is calm down and not spread hysteria faggot

>>17885312
Property exists in a vacuum dont you know.

>>17885207
Kike faggot.

>>17885303

I mean, I'm 35. When I started this I was about 28. I am myself a millenial. I think the housing market is just doing what's being enabled by irresponsible fiscal and lending practices. Where I level most of the blame is at the lenders who looked at these clearly awful deals and said "Approved!", then bet on those deals failing, then sold those mortgages to retirement funds, bankrupted millions, and then bought back all those assets at bargain prices.

>>17885361

This is the classical divide between the liberal/conservative, I just lament the lack of decorum here and everywhere else when people get into it about the subject. The vitriol that everyone's got going on is keeping us from having the actual conversations we need to have...
Anyway, nice chat. I think we're closer on a lot more than you may think.

>>17879291
It is regrettable that many personal fortunes are made by people who simply manipulate money and contribute nothing to their society.

>>17885207
The problem is the system is not working for vast segments of people and those people will soon do away with those who feast on the current system and those who promulgate the status quo.

>>17885455
How were you able to buy several $70k houses at 28?

>>17877715
I didn't even know "paycheck to paycheck" was a thing.

Here it's just called normal life.

>>17882686
Jesu Christo. It'll be a bloodbath

>>17885207
I am fine with paying a fair price. Just as an example, there was this guy making little shacks as homes. Very basic. Just a light bulb, solar panel, and a place to charge your electronic. Windows. Insulation. I think he was starting to install showers too. He made it for homeless people (elvis was his name. He lives in la). He was basically pricing the homes based on the material and not for profit (if he wanted to throw in a small roi, that wouldnt be an issue to me). He made the homes cost like 1k or so. I think that's the right mindset when pricing housing.

Current real estate is anything but that. When 50% of renters are cost burdened (spend over 30% of their income on rent), that means something is wrong with this country as a whole. It's based on speculation and prices are propped up out of a whim. I dont think raising the minimum wage would be necessary with affordable housing. I am also okay with inspections and training contractors undergo.

I see a lack of effort with this government when it comes to actually creating a sustainable housing market. I can understand the need for contractors to make a decent ROI. The main issue though is that without some sort of limit, the ROI can be unethical and fuck people over.
Just look at necessary surgeries for instance. If someone needs surgeries to live and it costs them 1k or 10k, it makes no difference. The person will try to get the surgeries at nearly any cost. It's the same with real estate. Some people just want a roof over their heads and so pay high prices due to having no choice.

>>17885403
Please, please just bring it on and start something already. You just never will, and the left are the ones arguing to disarm themselves... This is the other thing that has always confused me. You want to burn it all down, without guns because gunz r bad?

>>17885517
military straight out of high school, deployed 3 times, returned home for a bit then went back as a civilian building a point-to-point microwave network for the Afghan Wireless Communications Company up on the hilltops. 7 days a week for 3 or 4 years. Nothing to spend my money on and nothing to do but work and try not to die...

>>17885527
"Paycheck to paycheck" inevitably means "living beyond their means."

>>17885640
Yeah, I mean, same as what I was saying about commieblocks, it sure beats putting people on skid row in tents, but I don't pretend to think that represents a sustainable housing solution. It's certainly possible to build cheap. If you want to go with the classical 'triangle problem', you can have it cheap, safe, and desirable so long as you can pick any two.

Your points about minimum wage vs affordable housing make sense, particularly if you combine it with health + education. Unfortunately yabois over in the DNC torpedoed poor bernie and it looks like my wife's 250k of college debt remains on my balance sheet.

>>17885234
>track of that
You can slap in a small price and file it under city hall for some paper work to make it official.
>limit land could be acquired
1 per person (to live in). Maybe another for a business.
>do with it
Just reside in it. If someone wanted to start a small business and combine it with their home, I'd see no problem so long as it is registered. I don't know how I feel about apartments since people get greedy with them. I'd possibly just make it so that the government could build apartments if the population is too big in certain areas and it being priced reasonably.

None of this will ever happen though. Affordable housing isn't something politicians give a fuck about.

>>17877693
In Europe, a lot of banks are suspending mortgages and even minor things like contactless payment fees. Large kek at the US

>>17885860
>1 per person
What if someone fences off 100 acres? 500 acres?

>>17885248
I dont see the value of overhyped schools. At the end of the day, they all regurgitate GE classes not applicable to the real world besides algebra 1 and english. Ignoring that criticism, I still dont think the location of the home should affect its pricing.

>>17883338
You could have made more money and literally worked zero hours if you would have just bought LINK 2 years ago you stupid faggot. You deserve to lose money for being a shit slum lord.

>>17885927
> I still don't think that supply and demand should matter.

>>17885927
>I still dont think the location of the home should affect its pricing
You can think it all you want but it's just the way of things that some locations are more in demand than others. Now of course you can feel free to disagree with what they want and their reasoning for it.

>>17885958
Don't worry I've been buying some of your precious memebux too during this hilarious rout lmao.

>>17885927
You can keep pretending property exists in a vacuum all you want it doesnt make it a reality.

>>17885896
There should be a limit to the size they can buy as well. This is just on a whim, but I would say 3k sqft is the limit

>>17886087
No fucking shit. This garbage system wont change. I know that. Im just saying how things SHOULD be

>>17878927
>implying it's not the neetsocs who are full of faggots and transsexuals

>>17877693
You won't have to pay your mortgage of you have one and are out because of this. Mine told me they would suspend my payments for 3 months....no penalty. Italy suspended ALL mortgages until further notice. If enough people het sick or pit out of a job no one will be paying anything and it won't matter. Or the govt will help you under their National emergency order.

>>17878632
Oh no! My landlord is making less money than usual!

>>17886276
Oh no! My tenant is making less money than usual!

>>17877693
abolish rent and create the largest redistribution of property in modern times.

>>17877715
>50%
Try 70-75

>Rates get cut to 0%
>Still have to payback loans at deadline at FULL interest
L O L

>>17883338
When Mao 2.0 comes Im gunning for your head first

>>17879186
Did the same

>>17886522
You'll have to stop shooting sparrows first lmao.

>>17878881
idk I think crazy interesting how Russia is currently not being effected by the virus very much.

>be a 3rd world country masquerading as a first world country
>be shocked when your country implodes when public services are stressed slightly

>think about the landlords!1!

>>17879217
unless you're a bank or boeing.

>>17886429
when are my student loans going to 0?

>>17889653
Never

>>17890877

I wanna coom to come stacks

>>17879439
The potential cashflow from renting a property is factored into th he price to build it driving skilled labour wages up.

>>17883566
I have a credit score above 750, I'm a university student, and I would rather be a homeowner but I can't get a loan because I'm a university student with no income.