"I call them how I see them."
"I'm just brutally honest."
"I'm just telling it like it is."
These phrases are used exclusively by rude, obnoxious, condescending assholes trying to justify being shitty to other people for no reason.
It's very likely to become my most recent "doesn't need all my attention" game, as I always need one of those on deck (if you'll pardon the expression).
Alright, I was probably going to play it anyway even with dips down to the low 20s. But if we're not even at the full release yet and the modding scene is already squeezing more out of that bottom 1%, I'm just biting the bullet and buying the damned game.
For anyone in the same boat, Fanatical is selling the pre-release versions of the game for 17% off, packaged with a random "highly rated" Steam game. My freebie was Reventure, which is regularly $8.99 CAD.
You think I'm under the impression that people buying homes today as rental investments are the problem? The problem isn't people trying to buy into the scam today, it's the people who bought into it 10, 15, 20 or more years ago, have owned multiple homes for years, make their living off the work and money of others, and go about their lives thinking they're good people as if they're anything more than parasites in need of excision.
But if you're going to start name-calling and denigrating anyone who disagrees with you as "dumb as shit", I question whether you're approaching the topic in good faith. I'm not going to engage with you further.
When you sell that house, what percentage of the sale will you be offering to your tenant? Their income has been helping to build your equity, and mitigating your financial burdens after all.
Being "one of the good ones" only counts for so much when the very nature of what you're doing is exploitive.
Rentals can (and should!) exist without landlords.
Instead of punishing everyone who made an investment,
You've already lost me. They're the ones trying to treat homes as a commodity fit for investing. Investments carry risk. Passing the cost of that risk to tenants, or giving them a free pass because they're being forced to play by real rules instead of the rigged game they've been taking advantage of, doesn't sit well with me.
They made an investment that by its very nature exploits people. They should shoulder the consequences of that decision.
As mad as I am, it's genuinely not about revenge. It's about making the prospect of home ownership a realistic and attainable goal for entire generations of people for whom, right now, it's literally a joke.
Fact is there's not really any way to both return housing prices to realistic levels and keep prices steady for current owners. I don't pretend this is a simple problem, or that solving it won't cause other problems as a result. But in my opinion the problem you're suggesting is of a much lesser scale than what we're facing today, and has less drastic solutions. Using the taxes collected from serial landleeches to compensate normal people who need to move during and following the market crash to offset the debt caused by a now-underwater mortgage could be a solution, for example. And fuck knows the banks aren't innocent in this whole mess themselves, and could probably be forced to shoulder their share of the burden as well.
But if Bob moves Doug into his second house, then he's now either a) exploiting his brother instead of a stranger, which most landleeches are less likely to want to do, or (more likely) b) giving his brother a better rent to avoid exploiting his brother... and is thus making a much smaller profit than when he was exploiting the Ahmed family. And if not, then at least Bob only has so many brothers he can rent to, so the worst kinds of Bob will eventually have to sell off some number of properties.
But the goal of the immediate family exemption is to allow families to help each other own homes that aren't beholden to some shit stain developer or daywalking asshat. Specifically to let boomer and gen-x parents provide struggling millenial or gen-z children with homes, but I'm sure I could come up with a handful of other semi-likely relevant situations as well.
Back to your example though, the lack of profit he's now making pushes Bob to sell the place. And because all his landleech buddies are making less and less money per hoarded home, they're also more likely to be unloading their surplus stock at the same time. And if these people all lose money on the sale of their extra homes as prices come crashing down, fucking good.
And as prices come down, more people who are currently renting because buying is prohibitively expensive are able to stop renting and move into a place they own, this freeing up rental spaces.
Of course I'd also support going much more simple and literally forcing landleeches to give their hoarded homes on pain of prison time, but I figured that's a little more radical than the general population could ever come close to supporting.
Rental highrises are not single-family homes. What we need there are more stringent rent control and to move the majority of such rentals from for-profit property developers to non-profit housing cooperatives.
We could also prohibit property developers from purchasing highrises from each other altogether. You want a new high-rise? Build one. You don't want one of the ones you own? You get to sell it to a cooperative for a heavily regulated maximum price, and might get to break even.
#janewaydidnothingwrong