this post was submitted on 09 Dec 2023
484 points (96.4% liked)

News

23648 readers
2367 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

you are viewing a single comment's thread
view the rest of the comments
[–] Adalast@lemmy.world 1 points 1 year ago

My solution was an adaptation of the NYC cab medallion system. Each city is allowed to provide medallions for up to a certain percentage of single-family residences to be rental properties and the medallion costs to maintain. It also comes along with rent caps based on the local cost of living and yearly property inspections by the city. One of the towns in my area actually did that last one because they actually care about being a good place to live, so they make some extra money on penalties or the overall property value for the town goes up because all of the rental properties are kept in very good condition. Win(city)-win(tenants)-accountability(landleeches).

Honestly, no city should want more than ~5% of single-family dwellings to be rentals. As you said, it is easier to get out of them. That means less reliable tax revenue, less people invested in the community, and potentially less community. I may be a math major, but I'm not an anthropology or sociology major, so that last one is definitely rectally sourced.

Also, I struggle, being in the exact situation where I need to get out from under an abusive landleech, to say that it is easy to move from rental to rental. Having to come up with 3k when we are already living and to mouth is really hard.