Business & Finance Discussion: On Marx and Landlords

[Marduk]

Yes, in practice there's plenty of housing and land available, it's just not located in where people need it.

Terminology...
It's located where the people who complain the most don't *want* it.
Long story short, they want to live in a city, and not just in some shitty favela in Brazil, they want to live in a nice western city with a ridiculous amount of both more, less, or not at all necessary, high quality, publicly funded services available to them, plus all sorts of onerous regulations for other people and businesses, and they want all that for free, or at least very cheaply.
So yeah, expectations...

After all, its not like rural areas are some kind of hellscape where weak city people will just drop dead before they see the next year. Maybe they will make a bit less money and have a bit less public services, but they do get the cheap housing they supposedly dream of.

Generally speaking, they cover stuff that is not illegal and shouldn't be, but that's just rude or troublesome.

People who act this way are generally not very good at walking that line, and inevitably fall once in a while.

Not really. It's not illegal to be a bad person.

Depends on the legal definition of "bad person" of course.
Making silly faces at the neighbor from the window is a bit mean but not illegal.
Having a rowdy party and blasting shitty music all over the neighborhood at 2 AM is both bad and illegal in many places.

Well, the people that keep getting kicked out of apartments have to end up somewhere.

True, its more of a PR and legal problem than practical one. In the end, the fairest solution to that is to somehow arrange for all these people to live next to each other, to receive poetic justice in form of suffering the asshole behaviors of their peers in assholery, rather than next to any people who are willing to provide and expect more decent community. But we all know this has certain downsides too.

 

[Abhishekm]

Actually, the majority of landlords are small time landlords that only manage a few dwellings.

Huh, not a majority but way more than I though. 22 million individual investor owned rental units to 25 million units owned by businesses. But still the point stands.

 

[Bear Ribs]

Huh, not a majority but way more than I though. 22 million individual investor owned rental units to 25 million units owned by businesses. But still the point stands.

I think he meant by number of landlords rather than number of units, there's millions of landlords with a couple of houses and a handful of corporations with hundreds to thousands of units.

 

[Battlegrinder]

Are there that many rural condos and high-density apartment complexes? I don't have numbers offhand but I certainly associate that kind of high-density housing with urban areas, suburbs and rurals are more prone to single-family houses since land is plentiful.

I think that really depends on how you define "urban". I've got family that lives in League City, Texas, which is a pretty suburban-looking area, in a big apartment complex.

Depends on the legal definition of "bad person" of course.
Making silly faces at the neighbor from the window is a bit mean but not illegal.
Having a rowdy party and blasting shitty music all over the neighborhood at 2 AM is both bad and illegal in many places.

Yes, but it's the sort of illegal that gets you some cops coming by to tell you stop, maybe a fine. You have to really, really, really push it to ever see jail time.

I think he meant by number of landlords rather than number of units, there's millions of landlords with a couple of houses and a handful of corporations with hundreds to thousands of units.

Yes. The vast majority of landlords are just renting out a second home or something like that.

 

[Abhishekm]

Yes, but it's the sort of illegal that gets you some cops coming by to tell you stop, maybe a fine. You have to really, really, really push it to ever see jail time.

Home Owners Associations are a lot more hard-core than I thought. Jk, but seriously it's not like rental rules get you Prison either short of something really serious

 

[Battlegrinder]

Home Owners Associations are a lot more hard-core than I thought. Jk, but seriously it's not like rental rules get you Prison either short of something really serious

No, but rental rules can get you evicted whereas a HOA cannot, and even if you stop short of that line, landlords don't have to renew the lease, which they will stongly consider doing if you're causing enough problems, eith to them or to your neighbors.

 

[Abhishekm]

No, but rental rules can get you evicted whereas a HOA cannot, and even if you stop short of that line, landlords don't have to renew the lease, which they will stongly consider doing if you're causing enough problems, eith to them or to your neighbors.

I mean yeah, but again is that really a bad thing on average? There probabaly are abuses but for the most part if you have public disturbance violations on your record how likely are you to get a house loan? Especially for a gated community? And especially for Condos. Decent ones check these things for potential buyers too.

 

[Battlegrinder]

I mean yeah, but again is that really a bad thing on average? There probabaly are abuses but for the most part if you have public disturbance violations on your record how likely are you to get a house loan? Especially for a gated community? And especially for Condos. Decent ones check these things for potential buyers too.

No, it's not a bad thing. That was my point, an advantage of rental property is that the property controller is more easily pressured by tenants to get rid of a troublesome tenant, as compared to a public system.

 

[Marduk]

Yes, but it's the sort of illegal that gets you some cops coming by to tell you stop, maybe a fine. You have to really, really, really push it to ever see jail time.

Yes, if it happens very occasionally. In a legal system that's not completely rotten by certain ideologies, after a few weeks, maybe months of such behavior, more severe consequences absolutely will happen.

 

[ParadiseLost]

That's the thing. Its Urban and inch to inch Urban land cost is ridiculously skewed compared to building cost or value. A person who could afford a five bedroom house in the Texas suburbs would probably balk at the cost of a two bedroom one bath condo in the ritzy part of LA. But Rent he could probably manage.

So just how usual is a citation where all that a person could afford to buy land condo or otherwise is solely used for rental property targeted at rhe same person?

A person who could afford a 10 bedroom house in Texas might balk at the cost of a two bedroom one bath condo in a ritzy part of LA.

I'm not even kidding, by the way.

This palatial 12,000 square foot 9 bedroom 9 bath mansion in Houston Texas? Only $800,000*

This 2 bedroom, 2 bath in Ladera Heights? $929,900, as seen here.


*Yes, still a lot of money. But that's small business owner could afford it money. Also admittedly based on the price it might be someone who can't afford it anymore needing to unload it at a really bad time. But still. Its a palace. Link here.