News

Capitalism is forgetting that the number one rule of being a parasite is that you don’t kill the host.

After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue — including proposals to enact eviction protections, institute zoning reforms, cap annual rent increases and dedicate tens of billions of dollars toward building more housing.

They haven't done anything for decades...

But we should believe them now in the run up to an election that after the next election they'll really do something.

They've been saying the same thing as far back as I can remember, but as soon as their elected they go back to ignoring it.

We need to get the Republicans and neoliberals out of office if we want actual progress. Neither of them will actually fix this shit, because the people donating them money don't want it fixed.

The most we'll get is billions to real estate moguls to subsidize them building high end housing that doesn't address the issue.

Lawmakers are scrambling to help

Are they though?

US Lawmakers aren't scrambling to do anything but take bribes and engage in insider trading.

Just tax the parasites (sorry, i mean landlords) at an appropriate rate and give the money directly back to the renters. If they raise rents raise the taxes. Make it automatic. For the people.

In Congress, lawmakers are working on a bill that would expand a federal program that awards tax credits to housing developers...

Stop paying them for creating the problem. Start putting them in fucking prison for hoarding a necessary resource and gouging people during a crisis.

Single mom Caitlyn Colbert watched as rent for her two-bedroom apartment doubled, then tripled and then quadrupled over a decade in Denver — from $750 to $3,374 last year.

In Denver, Colbert’s bathroom roof partly caved in from a leak last year, and the landlord delayed a fix even as rent went up $200 a month.

There's a name for landlords like that: slum lords.

My and utilities finally caught up to me and I lost my home about 2 weeks ago...

The utility company here was responsible for burning down the entire town next to us. They passed the lawsuit payments onto the customers. My bill went from $50 a month, give or take $5, to $200 to $300 a month.

I don't think they are

"Lawmakers are scrambling to fuck them even harder" is the realistic headline

Meanwhile companies are raking in record profits, and the rich get richer. This won't stop until the workers seize the means of production.

No man, credits to bulwark the insane rents people are charging will only cement the practice. Why does it take 3x your income to qualify to rent a place? Why haven't corporations and foreign investors been moved out of the single family home industry? Why hasn't a cap been put on Air Bnb and other short term rentals? How about changing the regulations to allow zoning changes which can allow more homes on existing lots?

The government, as usual, simply doesn't understand the problem! So frustrating.

Can we stop giving these assholes tax breaks or subsidizing these shitty companies with tax money so they can prop up shareholders and get rich?

As someone who owns a house cause I'm very blessed to have had the means 8 years ago(0% VA home loan). I hope the housing market crashes hard.

Doubt. But while they're at it how about some limits on how much a property assessment can increase each year? My house has gone up 10 to 15% for the last 3 years, which causes property taxes to go up, which causes my mortgage to go up. I'm paying $200 per month more than I was in 2020.

Meanwhile, my grandma Rents a single room micro apartment at around 75 dollars a month where I live...

The poor need to manage their trust funds better apparently.

Hah, I'm looking forward to not being able to afford my rent when renewal comes up in a year.

I'll be making $110k, splitting the place with my brother, but who knows how much goes to my ex

You need to build more places for people to live!

Cap how much rent can increase to the CPI % per year not including increases in property tax or strata fees and utilities if they are included in the rent.

And if you have a mortgage on something you're renting out that's a risky decision, if interest rates go up and you can't afford the mortgage without raising the rent maybe you shouldn't have taken out a mortgage for something as a way to make profit. Interest rates should not factor into the cap on rental price increase.

I own a place that I rent out. I am having a hard time figuring out how people are charging $3,000 plus a month. I don’t charge anywhere near that. The only time I raise my rent is when the city increases the cost of their taxes/fees, or if insurance for some reason goes up. Is it actually that expensive for property taxes and other things there or is just greed?