Except I don’t have to go to a concert. If I don’t have shelter I’m pretty fucked.
Yup! Both are leeches on society, but one is sucking from the jugular and the other is sucking from an extremity. That being said they are both sucking the same blood.
I really have no empathy for the scalper problem.
Don’t go to the concert.
If anything the artists could charge more, seeing as some people will already pay scalper price. They’re doing they’re audience a favor by charging so much less than they’re willing to pay.
Then why don’t you buy your own fucking house if it’s so easy.
Umm cause I lack generational wealth? I’m in my 30’s and almost every person I know that owns a home has done so with the help of their daddy or mommy’s money. 🥱
Because scalping drives prices up? Pretty straight forward
And if you own a house that is being flooded, just sell the flooded house and move you fucking idiot.
“Sell their houses to who, Ben?? Fucking Aquaman?!”
Then buy a home in a lower cost of living area. There’s government grants to assist with down payments and closing costs.
My first house, that I bought about 5 years ago before you start calling me a boomer, was a HUD foreclosure. I was only required to do 100 dollars as a downpayment.
Buying in a lower cost of living area is easier when you don’t have to consider things like school districts for children, availability of public transportation to get to work, or even safe walkable areas to get groceries.
Yes, it turns out that high demand for real estate in certain areas leads to higher prices because of a finite supply.
You might have to look at different areas and consider the differences. I’d love to live in a penthouse downtown, but I’ll settle for my 1600 sq foot home in the suburbs.
“You might have to look at different areas and consider the differences.”
Always, but there are certain factors that aren’t so pliable. Getting a loan based on your income at a stable job means that you need to live within a reasonable area to continue to access that job. Six years ago when I was looking for a house I could have moved to a lower cost of living area, but that would have meant a 90 minute commute or changing jobs (at which time would have been an irresponsibly risky move.) Another factor was the question of changing school districts, and custody arrangements with the kids father. I wasn’t, but I know some who are restricted by custody agreements where they are required to live in certain districts or within X number of miles of the other parent. People in those situations don’t get to shop around and find other areas to live.
People who buy a house today are quite literally paying double for the same house that they would have 5 years ago due to the federal reserve increasing the interests rates to ‘fight inflation’ same selling price for thr house accounted for they are paying double the mortgage because of the increased rates.
Mortgage rates have returned to an average range. Still lower than they were in the 90s.
Your payment isn’t doubled because of rates, it’s because of high demand areas.
Thats untrue, it isnt because of the demand (News flash there is always demand for housing) it is because of the increase in the intrest rate of the loan. Monetary policy trying to reign in inflation that isn’t actually inflation, but corporations taking profits at exorbitant levels while the average citizens can barely make ends meet.
Man, I’m a loan officer at a bank. I know a lot more about this than what you do. Interest rate increases are squeezing all levels to decrease spending across the board. Banks are beginning to cut back lending to businesses.
And demand for housing ebbs and flows. Things skyrocketed during Covid because of a lack of supply. There’s actually been decreases in pricing at this point.
You must be a few crayons short of a full box, you just admitted prices are decreasing, yet folks who buy a house today will effectively pay almost double on their monthly mortgage rate because of the increasing interest rates, which have nothing to do with housing demand and everything to do with fighting inflation, which was caused by keeping the rates at effectively zero to prop up Obama’s bull economy that 45 ran into the ground.
A few thousand dollars of decrease doesn’t offset the doubling of prices that happened during Covid. You should consider asking for specifics instead of trying to do a witty insult.
Rates weren’t effectively zero prior to Covid. They were too low, yes, and should have been higher, but the bottom fell out during Covid.
Landlords = Property scalpers
Economically they are, both activities are rent seeking
There are some pretty significant differences, but you do you.
And since I noticed the disingenuous responses to the other person saying this already, I’m excited for people to respond to this comment by fallaciously assuming I indicated either of these was better or worse than the other. I said they’re different.
“omg two related concepts are not 100% the same.” --edgelord.
Helps them stay in their disingenuous safe space where they can avoid critical thinking at all costs.
Care to explain how they are different, I’m not saying being a landlord and a ticket scalper are the EXACT same thing. Im saying they are both Parasitic on society. The onus is on you to prove they are not both parasitic, if you disagree with this meme. Go ahead!
A landlord is more like the original box office than a scalper. A scalper is more like someone renting a place to put it on airbnb. This goes against the anti landlord circle jerk though so it will get downvoted.
Thats a decent parallel actually, since the box office is selling tickets to an act that creates the value. They profit off the talents labor. Similar to how landlords profit off of the labor of whoever built the house they are renting. It ultimately comes down to the necessity to abolish private property.
Box offices which are currently being consolidated by corporations and setting up markets for the scalpers to sell their tickets where the box office takes a percentage of the resale.
Still waiting…
That doesn’t make sense
What don’t you understand?
How the mechanisms of Capitalism encourages one to buy up resources they did nothing to create, and profit off of the labor of others while contributing nothing to improve our society.
Ding ding ding
So, a landlord that purchased land, had a home built and maintains said home, while paying insurance and the mortgage on the property isn’t improving our society by providing housing to those who don’t have the means to do all of this?
Yes. The only reason they are able to do that is because they have money. They arent building homes though, they are buying up existing starter homes and renting them at twice the mortgage rate and building a portfolio of houses they rent, taking thoze homes out of the market for potential homebuyers indefinitely. Literally being leeches and freeloaders off of the labor and wages of folks they priced out of home ownership, by making it harder to buy a home.
Lolololol
If you think the majority of landlords built homes with the kindly intention to rent them I have a bridge to sell you. Most independent landlords are renting out old, half decrepit houses they bought on auction and “refurbished” (poorly, with substandard materials and usually by themselves, not using skilled contractors), and many landlord companies are owned by non-native entities that siphon money from our economy to their own countries while jacking up rents and keeping the working class as poor as possible.
Well for once scalpers sell tickets, and landlords rent out housing.
Landlords sell access to an apartment or house temporarily during a specific time at inflated prices. Ticket scalpers sell access to an event venue or stadium temporarily at a specific time at inflated prices.
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For the analogy to work there’d have to be some prior market of housing that landlords buy up the second the market opens, and then “resell” (nevermind that renting is more than “access to housing”). That’s not really how it works though.
And to add on the “the second the market opens” part - landlords can buy houses even before they are fully built and liveable which is not really an option for a person with no house because such an investment leaves you with no place to live and no money (mostly).
Eh… what do you think happens when you buy your first house while living in an apartment? Over here anyway you can’t just up and leave, you’ve got a contract to rent the apartment until a certain date and the house you want might not be available on that specific date… I was paying both my condo and my apartment for four months when I first bought…
Lmao do you live under a rock?
I’m not saying all landlords do so but what you described happens quite often. Landlords buy a property when they already have a place to live in and then rent out said property to someone who has none. And now said someone can’t own a property because there’s none on the market as all are bought out so all what is left to do for those people is to rent. It’s an oversimplification of course and there’s a lot of nuance to it but the general message still stands - if a person with a house buys another house to rent it out then one less house remains to be bought for people with no house.
And there are investment groups with billions of dollars buying tens of thousands of homes, competing with other investment groups.
The housing market for rental properties doesn’t just exist. It is is explicitly financed by the profit motive of renting, e.g. as real estate securities for the well-off upper middle class, or more likely, huge real etate companies. Now maybe there are some parts of the world where building companies just throw up houses and landlords scalp them off (suburbs in Australia I think) but I don’t think that’s the case in general.
The “housing market” shouldn’t exist thats the point that is going over your head like an airplane. Lmao.
He’s landlord or an aspiring landlord.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
It only makes sense to those who are illogical.
People love to hate what they don’t understand. People have been hating other people and things they don’t understand for thousands of years.
Why does lemmy want to make renters homeless so badly?
Because I’d rather be putting money toward owning my current residence than renting it.
But the bank says I’m not allowed.
And you’re likely not allowed because your landlord helped create a housing market that so cooked you can’t enter it.
People owning homes they don’t need doesn’t making housing more accessible for everyone else. If you understand math, this makes sense.
Hurr durr landlords bad, let me live on your property for a penny even though you had to spend money to create the acquire the property in the first place!!
Not all landlords are scumbags, but there’s a cliche for a reason.
A penny is too much.
So everyones labor should be free for you to take then? How are you not the parasite for wanting others to build, maintain and fund a place for you to live?
People should pay mortgages, not rent, you pillock.
What’s holding you back from taking a loan and paying mortgage instead of rent? Risk aversion?
🏆 Here is your award for most disingenuous comment! Congratulations for your total lack of ability to understand that others have different Material Conditions than yourself!
Then the problem is not that the practice of renting exists, but wealth inequality. Which we fully agree on, especially since several mechanisms are at work that further the gap between the rich and the poor. These all should be addressed.
I never said that bahaha Gotta love being called a parasite for not wanting to have your blood sucked by a leech. OMG THAT LEECH DID WORK TO ATTACH ITSELF AND YOU WANT TO REMOVE IT?!? YOU JUST WANT TO KEEP ALL YOUR BLOOD?!? SOUNDS LIKE SOMETHING A LEECH WOULD SAY, SUS AF…
You said yourself that a penny is too much. What’s lower than a penny and not free?
You literally are here arguing rent should be free…so yea grow up child.
