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Joined 2 years ago
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Cake day: July 22nd, 2023

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  • Nothing wrong with houses as individual investments. Why the hell else would you dump that kinda money and pay ALL the upkeep for decades?! You write the interest off your taxes, have something to show for 30 years of payments when you retire.

    Also, nothing wrong with a landlord owning a few homes. He likely ain’t making shit and is taking huge risks. Yes, it’ll pay out someday, hopefully.

    The issue is corporate home ownership and, to a lesser extent, B&Bs. Yes, a bank can easily “own” hundreds or thousands of homes. After all, they provide loans and sometimes have to foreclose. But banks renting homes?! Fuck no.

    This is easily solvable with legislation, not even “devil is in the details” complexity. We drop the hammer on these corporate landlords, tax the fucking snot out them and run them out of the game. Same goes for entities sitting on real estate, waiting on prices to go up. Tax the hell out of empty homes that have been on the market X days.

    The issue is corporate landlords. Rent didn’t used to be like this, it was competitive. My first place was a shithole in college, $250/mo. (I’d happily live there again were I a bachelor.) Same place should be $630. Anyone seen rent that low for anything outside renting a single room in a house?



















  • Sold those back in the day. Metros were a total (heh) nightmare. Parents were always coming in to look at one for their kid, until they saw the insurance rates. A swift kick to the bumper would total one. Because the bumper was filled with foam. No lie.

    Took a man on a ride and he rocked it down the interstate at 70mph. We got back to the lot, popped the hood, and the little 3-cylinder (again, no lie) lawnmower engine was hopping on it’s engine mounts and venting an alarming amount of vapor.

    I so wanted a Storm, but they would be creaking and falling apart at 30K miles. Roommate had one that was only a few years old, paint mostly gone, clear coat long gone, and it rattled like it was full of washers and ball bearings.