Capitalism illustrated

Another one might be: living in their car and getting a cop called on them because a lot of places (US states mainly) have laws against sleeping in a car.

That's the next panel

People not understanding this is so fucking annoying.

Housing prices increase faster than inflation. Why do you think that is? Certainly not because housing is seen as an investment vehicle where corporations buy as much as they can just to rent out, increasing the demand and therefore price of housing beyond what the market rate would have otherwise been.

I think it's clear that landlords are making money (and even if they're not, they're at least gaining equity which will eventually make the whole thing profitable), with most of that profit coming from the mere act of owning the property and withholding it from those who need it in order to survive unless they pay - which is inherently coercive in nature, and a fork of violence against the working class performed by the owning class. Sure, there's a nominal amount of effort fees and effort, and I'm not going to knock property management, since that is actual work, but landlords primarily get their money from rent seeking (that is, however much they charge beyond their expenses).

I think the US would be a massively better place to live in if we massively taxed housing owned by corporations, or at least any properties owned by a single entity surpassing 1 or 2. The goal is to make it not profitable and not appealing as an investment, such that black rock et al see fit to unload most of all of their properties. The housing prices would and should crash, and finally be affordable again. The government might even buy a lot of them up and expand our socialized housing. Sure that last point might not be "fair" to existing home owners, but consider they are hy definition already well off enough to afford their own home and bought their homes during the time when it was still seen as an "investment" that by definition means it comes with some amount of risk. At least going forward, housing would no longer be a vehicle for investment and well on its way to becoming a human right, like it should be.

It is here. We did the math, and a mortgage on a brand new house was literally half our rent at 20k down. The barrier to entry is the down payment. Those "good terms" entirely have to do with how much income you make and how much debt you have.

I pay for maintenance on my apartment. This is essentially universal where I live. Also, maintenance costs do not come anywhere near the gap between mortgage and rent payments. Mortgage is literally less than half on a very, very shitty apartment. We didn't even have proper heating when we first moved in to our last apartment. We both work full-time jobs. The building was very close to being condemned. It was the cheapest in our town of less than 100k. Mortgage on homes less than 10 years old was legitimately half our rent. Including HOA, including insurance, including taxes and utilities, it was literally half the cost.

But 20k we do not have. And we have not been able to save even a quarter of that, as our cost of living has doubled in the last 4 years. Entirely due to profiteering by corporations and landlords.

Long and gist of it, no, unless it's a government run property rent is literally 0 out of 10 times going to be cheaper. Do you not understand the fundamental purpose of being a landlord? Are you under some kind of delusional belief that any measurable amount of landlords are in the business of renting properties out of the kindness of their hearts? No, being a landlord is just like being a company that sells water. You're going to charge absolutely as much as you can possibly get away with, because literally the entire purpose of being a landlord is to make money while doing as little time investment as possible. Our last landlord did literally nothing for over a year while the house fell apart around us. We gave him over 20 thousand dollars in rent. The land tax there was peanuts. He pocketed at least 10k for doing literally nothing.

The point of being a landlord is having enough net money at the start to literally not work. To literally do no labor for which they are beholden to someone. To collect tax from the serfs that occupy their land. They are part of a separate economic and social class. And profiteering is the entire reason anyone chooses to do it. There's literally no other measurable reason. There may be one or 2 mythical landlords who are running themselves into debt cause they love their tenants or whatever the fuck, but they're not even a thousandth of a percentile. Literally statistically irrelevant.

"Lemmy doesn't have the hive mind like that toxic Reddit."

Meanwhile, you get downvoted because you're right 🤦

For everyone downvoting, go compare Craigslist rent prices to Zillow/Redfin listing prices with 20% in a major city.

You are of course right, at least for my part of the world (high CoL USA city). Renting a 3 bedroom will run 4k for something modest (5 or 6 for something nice maybe?). Buying a 3 bedroom will run 10k or so with 20% down. Buying is definitely more expensive in the short term (long term is another story).

Only way for mortgage to be more than rent is for something purchased a while back, or for a new purchase with a large % down payment. Which absolutely happens, but sheesh, parent isn't wrong...