Comment

Comment on Cold calling real estate agents - is there a law against it?

Nath@aussie.zone ⁨9⁩ ⁨months⁩ ago

There should be a law against owning properties you don’t live in.

I’m trying to picture what this looks like. Who do we rent from if we can’t afford to buy a house in this alternate vision of the future? There is no way that 20-year-old me working at servos had the capital to buy a house. I had zero savings and a low income.

I see you invoking the Maoist uprising in another comment, but I’ll be honest - the years following that uprising were hard for a huge swathe of the population (not to mention fatal for Millions more). I would not want to live through a Chairman Mao. Modern China happened despite Mao. Not because of him.

source

Sort:hotnew top

Nakoichi@hexbear.net ⁨9⁩ ⁨months⁩ ago
You literally cannot conceive of a reality wherein a home does not have to be rented from a parasitic landlord?

source
Rivalarrival@lemmy.today ⁨9⁩ ⁨months⁩ ago
The practice of “renting” needs to die in a goddamn fire. Single family homes should never be “rented”. Temporary (6-month to 5-year) occupancy of a single family home should be done under a “land contract”.

Basically, the occupant starts making mortgage payments (principle, interest, taxes, insurance) but title stays with the landlord. The landlord receives only the “interest” part of the payment. The “principle” part of the payment is held in escrow, in an interest-bearing account. This is the occupant’s equity in the home.

If the occupant stays through the term of the contract, title transfers to the occupant, the escrowed principle payments transfer to the landlord, and the contract converts to a private mortgage. If the occupant leaves before the term of the contract, the principle payments are returned to them.

Land contracts build tenant wealth and drive people toward home ownership.

source
- Rivalarrival@lemmy.today ⁨9⁩ ⁨months⁩ ago
  To drive us toward such a system, we can provide significant property tax advantages to owner-occupants. Investors can only get those advantages by getting the occupant of a property to qualify as an “owner”. A renter would not qualify, but a tenant under a land contract would.
  
  Basically, we phase in an increase in property taxes, and a commensurate (or greater) owner occupant credit. Current owner-occupants will pay the same (or less) than they currently do. Investors who adapt, and convert their “tenants” to “buyers”, will also pay the same (or less) than they currently do. Investors who refuse to convert will pay higher property taxes, while also serving a smaller pool of tenants with better options.
  
  source
GarbageShoot@hexbear.net ⁨9⁩ ⁨months⁩ ago

I see you invoking the Maoist uprising in another comment, but I’ll be honest - the years following that uprising were hard for a huge swathe of the population (not to mention fatal for Millions more). I would not want to live through a Chairman Mao.

If you think it was hard to live under Mao, you should see what it was like before him.

source
Tankiedesantski@hexbear.net ⁨9⁩ ⁨months⁩ ago

I see you invoking the Maoist uprising in another comment, but I’ll be honest - the years following that uprising were hard for a huge swathe of the population (not to mention fatal for Millions more). I would not want to live through a Chairman Mao. Modern China happened despite Mao. Not because of him.

What was it like to live in China before 1949 compared to after 1949? Please support your assertions with relevant statistics.

source
Marsupial@quokk.au ⁨9⁩ ⁨months⁩ ago
www.abc.net.au/news/2023-08-04/…/102639674

source
- Taleya@aussie.zone ⁨9⁩ ⁨months⁩ ago
  get the CAV to have a peep and watch the hilarity unfold
  
  source