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Is high Rent/house prices the greediest/most anti-productivity thing ever? Doesn't help Society

GOATER

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Now, I know demand increases prices of houses or rent...I understand.....I also understand there isn't enough houses for everybody in a certain spot where most people want to live...I understand that as well.

However lets think about this concept.......In many places the property taxes aren't that super high, the price basically increases because of demand.....So the property owners are getting filthy rich, yet they aren't producing anything at all......Nothing.....Yes they could've build the building/house, where people reside, however nothing ground breaking is being done about creating such a building....It's pretty copy/paste buildings/houses.


So all this shitload of money being wasted on high rents/high house prices....does nothing to the economy...It doesn't add anything new, nothing revolutionary, nothing.

If anything is anti-productivity....The people instead of having more money to consume more things or to become entrepreneurs to actually do something productive that will help society are being constrained by these high rent/houses prices.

Sorry, super high rents/houses do nothing for the progress of society...At least in most cases...Unless the building is state of the art with new fucking ideas...but 99% of the times it isn't.


As a Capitalistic Nation, I feel this is holding us back....Our people could be using that money to buy actual products....We should be rewarding people who produce things, not fuckers who flip houses or charge rent.

Now I know people will call me commie or something...BTW Im not saying the solution is for the state to take over all homes, etc........I am also not saying that private companies shouldn't make houses or rent apartments, etc and make some profit.......However what I am saying the ridiculous prices are really counter productive to Real Capitalistic business that actually produce things!


IDK, what do your sherbros think? inb4 I rustle people who sell houses super expensively or charge high rent.
 
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Most people that purchase real estate/buildings with intent to rent them out, do so specifically for investment purposes so why would they rent for under market value?
 
You must rent huh?

30 years to pay off a home, and then the option to refinance later...

Stop playing with your credit long enough to see them benefits, bro.
 
I am an appraiser and they have skyrocketed in Central Florida after Hurricane Irma. We have had an influx of people from Puerto Rico because who wants to live on an Island with no power. The last couple properties I appraised that needed the rental form attached, it appears as if the rents are settling down some, because you run out of people that can afford rents over $2500 due to median income here is around 50k.
 
I am an appraiser and they have skyrocketed in Central Florida after Hurricane Irma. We have had an influx of people from Puerto Rico because who wants to live on an Island with no power. The last couple properties I appraised that needed the rental form attached, it appears as if the rents are settling down some, because you run out of people that can afford rents over $2500 due to median income here is around 50k.
has anyone ever tried to "grease your palm" for a higher appraisal?
Serious question
 
If I owned rental properties my main concern would be to make as much money as I can from said properties; I wouldn't give a shit about how much money my tenants spend at Walmart because it wouldn't be my concern.
 
It's not my fault I own multiple houses and you fucking need a roof over your head. Pay up or gtfo.
 
Now, I know demand increases prices of houses or rent...I understand.....I also understand there isn't enough houses for everybody in a certain spot where most people want to live...I understand that as well.

However lets think about this concept.......In many places the property taxes aren't that super high, the price basically increases because of demand.....So the property owners are getting filthy rich, yet they aren't producing anything at all......Nothing.....Yes they could've build the building/house, where people reside, however nothing ground breaking is being done about creating such a building....It's pretty copy/paste buildings/houses.


So all this shitload of money being wasted on high rents/high house prices....does nothing to the economy...It doesn't add anything new, nothing revolutionary, nothing.

If anything is anti-productivity....The people instead of having more money to consume more things or to become entrepreneurs to actually do something productive that will help society are being constrained by these high rent/houses prices.

Sorry, super high rents/houses do nothing for the progress of society...At least in most cases...Unless the building is state of the art with new fucking ideas...but 99% of the times it isn't.


As a Capitalistic Nation, I feel this is holding us back....Our people could be using that money to buy actual products....We should be rewarding people who produce things, not fuckers who flip houses or charge rent.

Now I know people will call me commie or something...BTW Im not saying the solution is for the state to take over all homes, etc........I am also not saying that private companies shouldn't make houses or rent apartments, etc and make some profit.......However what I am saying the ridiculous prices are really counter productive to Real Capitalistic business that actually produce things!


IDK, what do your sherbros think? inb4 I rustle people who sell houses super expensively or charge high rent.
I kinda get what you're saying but you have to realize this is absolutely absurd
Real estate/property=money
Should you make less at your job to further "real capitalistic business"
 
Building a house isn’t producing a thing? Then think of all of the industries related to that from lumber to electrical to masonry to plumbing...
 
Are you a troll? Some of your posts seem kind of inhumane.
Nah, sometimes I go a little over the top. But generally, I post my true feelings. I mean, should I feel bad if I am successful and others are not? I dont charge anything above market value for my rentals. Would you expect me to lower my rent because some poor chap wants to rent it?
 
Nah, sometimes I go a little over the top. But generally, I post my true feelings. I mean, should I feel bad if I am successful and others are not? I dont charge anything above market value for my rentals. Would you expect me to lower my rent because some poor chap wants to rent it?

What's your average rent?
 
Nah, sometimes I go a little over the top. But generally, I post my true feelings. I mean, should I feel bad if I am successful and others are not? I dont charge anything above market value for my rentals. Would you expect me to lower my rent because some poor chap wants to rent it?
In most circumstances, no I would not expect you to do that. I just think a comment like

It's not my fault I own multiple houses and you fucking need a roof over your head. Pay up or gtfo.

is unnecessarily cruel.
 
In most circumstances, no I would not expect you to do that. I just think a comment like

It's not my fault I own multiple houses and you fucking need a roof over your head. Pay up or gtfo.

is unnecessarily cruel.
I'm soft hearted on the inside hehe.
 
People are going to maximize their return on investments and if there is a housing shortage high rent is the biggest indicator of that.

Sometimes local legislation keeps rents artificially high by restricting supply.

Sometimes people complaining just don't make enough for the supply of housing that is conceivably available. And moving would help out.

That being said I do find the mortgage interest and real estate tax deduction to be regressive.

Renters are also paying these taxes through rent but get no tax break which is kind of fucked up imo
 
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