7 ms·

The earth is far from full. It just needs more houses.

lifestyleguru 2y ago
Over here 20% of apartments in capital city stay unoccupied. The owners don't even need to rent, prices increase alone is ridiculous. The earth is neither full nor we need more houses.
- lanewinfield 2y ago
  Over here != everywhere
  - lifestyleguru 2y ago
    In most EU capitals it's true.
    - Aeolun 2y ago
      In every place people want to live it’s true. I’m not sure why this has changed so much on the past 30 years.
- troad 2y ago
  You hear this kind of thing constantly, but it's such an absurd claim. Imagine being a property owner and having two choices: (a) having a property you own accrue value over time, and (b) the exact same thing as before, but also getting paid hard cash by renters. And the claim is somehow that you will, because of your landlord greed (?!) take the door with less money. We need to have fewer conspiracy theories about landlords and immigrants, and we need to build more bloody houses.
  - vsuperpower2020 2y ago
    That's part of what makes it greed. People regularly lose money in the pursuit of more money. I have seen houses go unrented for ages because owners refuse to accept that their worthless shack in the middle of nowhere is not worth what it used to be.
  - somerandomqaguy 2y ago
    >You hear this kind of thing constantly, but it's such an absurd claim. Imagine being a property owner and having two choices: (a) having a property you own accrue value over time, and (b) the exact same thing as before, but also getting paid hard cash by renters. And the claim is somehow that you will, because of your landlord greed (?!) take the door with less money. Maybe? I vaguely reading somewhere that some NYC commercial landlords would rather keep a building empty after the pandemic rather then lower the rents. IIRC part of the reason was because the building's possible rental income was used as part of building's valuation. The higher the potential income, the higher the valuation is, and looking more attractive as collateral on a loan. Hence the problem being that if they did lower the actual rent, it would lower the building's valuation and negatively impact whatever loans they had using the property as leverage. More so then any loss of any rental income. No idea how true it is, seems a little ponzi like for me, and eventually you do need to come up with some sort of income if nothing else to make interest payments. On the other hand I don't know enough about financial world to say otherwise, so it could be very well true.
  - Aeolun 2y ago
    Probably can’t sell a house with people in quite as easily as one without.

Over here 20% of apartments in capital city stay unoccupied. The owners don't even need to rent, prices increase alone is ridiculous. The earth is neither full nor we need more houses.

lanewinfield 2y ago
Over here != everywhere
- lifestyleguru 2y ago
  In most EU capitals it's true.
  - Aeolun 2y ago
    In every place people want to live it’s true. I’m not sure why this has changed so much on the past 30 years.
troad 2y ago
You hear this kind of thing constantly, but it's such an absurd claim. Imagine being a property owner and having two choices: (a) having a property you own accrue value over time, and (b) the exact same thing as before, but also getting paid hard cash by renters. And the claim is somehow that you will, because of your landlord greed (?!) take the door with less money. We need to have fewer conspiracy theories about landlords and immigrants, and we need to build more bloody houses.
- vsuperpower2020 2y ago
  That's part of what makes it greed. People regularly lose money in the pursuit of more money. I have seen houses go unrented for ages because owners refuse to accept that their worthless shack in the middle of nowhere is not worth what it used to be.
- somerandomqaguy 2y ago
  >You hear this kind of thing constantly, but it's such an absurd claim. Imagine being a property owner and having two choices: (a) having a property you own accrue value over time, and (b) the exact same thing as before, but also getting paid hard cash by renters. And the claim is somehow that you will, because of your landlord greed (?!) take the door with less money. Maybe? I vaguely reading somewhere that some NYC commercial landlords would rather keep a building empty after the pandemic rather then lower the rents. IIRC part of the reason was because the building's possible rental income was used as part of building's valuation. The higher the potential income, the higher the valuation is, and looking more attractive as collateral on a loan. Hence the problem being that if they did lower the actual rent, it would lower the building's valuation and negatively impact whatever loans they had using the property as leverage. More so then any loss of any rental income. No idea how true it is, seems a little ponzi like for me, and eventually you do need to come up with some sort of income if nothing else to make interest payments. On the other hand I don't know enough about financial world to say otherwise, so it could be very well true.
- Aeolun 2y ago
  Probably can’t sell a house with people in quite as easily as one without.