Are Landlords Really That Bad?

[@KingAndy1992]

Worth mentioning that many of the apparent "services" that landlords pay for (but don't provide, as this video covers) are themselves part of the scam. The company I rent from pays for each unit to be "professionally cleaned" before move-in, but the cleaning company they used for years was just an LLC owned by the property manager's wife. She would come in and do very minimal cleaning and then deduct an outrageous amount of money from the prior tenant's security deposit whenever her husband needed extra cashflow into the leasing company. The whole thing is indistinguishable from organized crime, other than that it's legal.

[@SolarFlareAmerica]

organized crime is legal too, depending on what you're talking about ;)

[@astonprice-lockhart7261]

As long as you have the right connections which still equals money shield.

[@__-nd5qi]

You could take them to small claims if you had pictures and time

[@MrTheevilmage]

Perfect example here showing the cheapskate yet parasetic nature of landlords

[@__-nd5qi]

@@moroteseoinage yesnt if your father leaves enough money for you then so long as you’re not a brick and maintain what he set up then you could be as degen as you’d like without being a good person

[@elmowilcox]

“They don’t fix the sink, they hire….” Nah sometimes they don’t do that either. Or change carpet, replace ACs that are ancient, remove mold if they can help it, or really absolutely anything a proud homeowner would do with their home.

[@dis_joint_ed5167]

And then keep your security deposit because of said issues.

[@elmowilcox]

@@dis_joint_ed5167 ….and increase the rent for the next guy with zero repairs performed.

[@JoaoSantos-ur1gg]

@@dis_joint_ed5167 That's why you shouldn't pay the last month. It's already paid.

[@crowconstructs3694]

You imagine that that is how people would maintain their homes, but sadly it's not very true. The housing stock in Detroit is so dilapidated that it's almost fiscally untenable for someone to buy it and try to renovate it to become properly habitable. As a result, it requires either someone with enormous surplus capital, or someone who can do the majority or all of the work themselves. If it's the latter, as in my case, then the rent is just the wage earned from restoring the property. That covers the cost of materials plus the labor, and any ongoing costs which are often associated - taxes, insurance, maintenance, etc.

[@elliotpollard9083]

lol the logic is stupid: If my wife says "did you fix the car" and I took it to a mechanic, am I "doing nothing"? No. I do a shift at work, they pay me money. I exchange that money to have the car fixed. I've just unsubscribed from this channel because this video is dog shit.

[@bobbauer7928]

A friend of mine had bedbugs in her apartment. So she contacted the landlord asking for pest mitigation. The landlord refused saying that it was her responsibility. She sent a link to the state code that requires landlords to pay for pest mitigation in cases of bedbugs. The landlord conceded. She won! Except, she didn't. The day of the scheduled treatment for bedbugs came and went and no treatment was done. And the next day she received a notice of eviction for 'failure to properly prepare the dwelling for pest mitigation'. And she literally has no recourse. The law says landlords can cancel contracts and evict for just about any reason they can come up with. That was her payback for standing up to the landlord.

[@PolishBehemoth]

wooooow. sick in the head right there

[@kaiserwilhelmii1827]

The landlord still has to take care of the bedbugs so I don't really get the point of them throwing a tantrum like a child over it. Anyways that really sucks for your friend and fuck the landlord

[@shawyonsharifi3394]

You don’t have a landlord, you have a slumlord. Big difference.

[@JustSomeDinosaurPerson]

My favorite part of landlording, the build to rent sector and investment firms is that it is literally a callback to FEUDALISM--the serfs must live upon land of lords and nobles. It is one the most transparent representations of how our system has devolved and is hurdling backwards.

[@amihart9269]

Capitalism is not "devolving," this is the natural evolution of capitalism.

[@caragriffin5557]

We still call them “landlords” in 2022…literally feudalism

[@iwishiknewhowto1228]

@@amihart9269 To go back to Feudalism?

[@TheSaxAppeal]

@@iwishiknewhowto1228 in a lot of ways capitalism is just repackaged feudalism

[@buzzardman2963]

@@iwishiknewhowto1228 It's almost like it was designed that way... There is a reason the families who were in power back then are still in power today. They found a way to keep the serfs from revolting so much because there is no single nobleman to target anymore and people feel like they have a choice when they really don't.

[@DCMarvelMultiverse]

When I heard over 20 years ago about house flipping, I knew we were headed for a rent crisis. If the roof over your head becomes the equivalent of a lottery ticket, then we are in dystopia, folks.

[@Sinaeb]

@@JulienKenny not enough*

[@HenriqueErzinger]

@@JulienKenny Yes. Because nowadays we live in a dystopia.

[@lashlarue59]

I agree, I thought the same thing especially when that ocean of flipper TV shows started showing up on HGTV a few years ago. Of course all those show are funded by Home Deport, Lowes, Zillow etc. But I don't think a house is a lottery ticket; I think now houses are a financial commodity like a derivative or a bond or any other financial instrument to be bought and sold in bulk, sold stock in and have the price driven up in a market.

[@Fenthule]

@@Nullzeros We don't have that long. Between the environment destroying food crops across the globe and the imminent civil war brewing in the US over the political system and essentially ethics divide, I doubt 10 years from now America is going to look the same as it does right now sadly...

[@grapentine739]

@@Nullzeros hopefully the world unites against the nazi US and nazi NATO through BRICS

[@elikirkwood4580]

I think a great first step would be to ban corporations, especially foreign ones, from owning ANY residential property in your country. I don't think someone's grandma/aunt/whatever renting out an extra home or a person who is local and owns a couple houses or apartments that they rent is a problem (for the most part) but corporations deciding they want to be our landlords is fucked

[@aurograce2983]

I don't mind private landlords but the problem is that large corporations are buying out homes from the middle and lower class, creating their own market, jacking prices, and pretty much holding the consumer hostage unless they want to go homeless, which seems to punish the homeless instead of providing aid and basic human living conditions.

[@jathanbooher1465]

I agree that we shouldn't allow foreign investors!

[@silvafox07]

No corporations and the house should be fully paid off.

[@Wolf-ln1ml]

A lot of private landlords own more than one "extra" house, though. I have rented from one private person who had to hire a company to handle everything because he could never have done so himself - the company didn't own the houses, he did. Oh, and he owns about a fifth of the entire 180.000 inhabitants city I live in. It's somewhat similar with my current boss. He not only owns a medium-sized trucking company, he also owns some two dozen houses (that he can of course easily use for security if he needs a big credit from a bank). The problem isn't who owns the houses, it's how many they own, how much money they can get from just renting their property out. Some old grandma renting out an extra home, or even just the main part of her home while she lives upstairs or so, should definitely be fine. Maybe limiting the number/size of houses any one person can own would work? Oh, almost forgot - in the case of the old grandma, there's also the fact that she's (probably) already done her work. The house is basically part of her retirement security (whether she's directly worked and paid for it herself or inherited from her husband doesn't really matter). What if it's a 20 year old instead who for some reason owns two houses and rents one out? That looks a bit different than the old grandma, doesn't it?

[@SamRMoyer]

Hey just a heads up that all the municipal governments are legally defined as corporations as well!! Governments and corporations are one and the same in the US.

[@philcrawley]

I have three sons in their twenties; we all live in London and I have seen some of the worst kinds of landlord-ism. One of my boys recently wanted to rent a flat with his girlfriend and because fifteen other people showed up to inspect the property the landlord suggested a "beauty pagent" - essentially they all had to submit a suggestion about how they (at their own expense) would improve the property if they got to rent it. One of my other sons has to pay six months rent up front; just because the landlord has the power to demand it. We need to end the scourge of landlordism now.

[@dorinpopa6962]

Wow, this is appalling and depressing.

[@smileyp4535]

That is disgusting and vile and those people need to be prosecuted. "Whoever can make my crappy apartment worth more gets it.. Until I find someone willing to pay more for what you did to it"

[@gHGhej]

@@jl8942 The City of London (the inner bit) is different to the rest of London (the other bits). Yes it is confusing lol

[@IshtarNike]

@@jl8942 As the other person said ,the City of London is separate to London. There's definitely more than 7k who own homes in the London, but it's still definitely run by corporations.

[@ChillAssTurtle]

Purge all landlord in holy fire.. send the remnants of their souls screaming back into the abyss from whence they came..

[@dlcouzens220]

My rent went from $1575 to $1800 last summer. At the same time, the landlord stopped sending landscapers and stopped doing quarterly maintenance. Less work, more profit. I truly wonder if I’ll ever be a homeowner

[@submetropolis]

i don’t know where you live but the rent is too damn high! I lived in southern california for most of my life and ended up moving to the midwest. my mortgage is around 1000 a month, property tax (because you never really own your house) is 1500 a year and my insurance (because you have to have it to get a mortgage) runs around 1500 a year so my monthly cost with utilities is still under 2000 a month. that said, I had to move to a fly over state and live in a an undesirable location and fought with the lender for months to get a loan for a house that was less than the rent I was paying… it’s insane

[@Santirata]

I wonder if the landlord pays for utilities? could explain some of the increase since water gas and electricity are up quite a bit

[@petergeramin7195]

@@submetropolisWhat do you do for work since moving

[@bluehairedaigaming]

You will never be a homeowner. You need one of these to get a house without going into absurd debt: (Rich parents, luck with speculative assets in crypto/stock market, the ability to create a video game that people enjoy [Undertale, Minecraft etc], or a rare 70-90k paying job)

[@bluehairedaigaming]

The easiest way to get a house is the spectative assets. Although it was way easier in the early 2010s to get rich off of spectative assets, you can still try in this much worse stock market. What you would need to do is stop paying the landlord. The landlords want you homeless, so do exactly that go homeless because you can't win. Burn all of your belongings as well because your basically already on the streets without realizing it yet. Doxx your landlords and ruin their lives. Introduce as many people to Marxist beliefs as possible by screaming "Joseph Stalin is a better president than George Washington. Stalin has less blood than the US and is a Russian patriot." The more and more people who fight bad Anti-SJW ideas the better.

[@farrahupson]

This video brings to mind related problems when it comes to having somewhere to live. Not only is paying exorbitant rent treated as "normal", but we're also being sold ideas like "van life" and "the tiny house movement" by being told that these things are paths to freedom, rather than realizing that they are symptoms of a deep systemic problem. (This applies to the "gig economy" as well, but I digress.)

[@bluecolumbine]

Yes!!! I have always said “tiny house, tiny life” I used to pay huge amounts for a 400 sq ft apartment and I know how difficult life can be in such a crammed space. Why should we have to live in basically pods and have a minimalist lifestyle while baby boomer sit in these crammed full of junk McMansions 4 plus bedrooms with just one or two people living there and it doesn’t stop there, nope! They have full vacation houses or fancy motor homes on top of it. Like just the motorbike I would be so blessed to be able to live in. Notice the millennials trying to get 5th wheels and trailers all get shitty run down older ones and fix them up (themselves)… it’s really sad, especially when they try and make it seem hip and this great thing when it’s like putting makeup on a pig.

[@beckymcdonald9529]

Don't forget that most cities have laws against tiny homes

[@caseyedwards5161]

I traveled the states with my wife in a 32 foot fifth wheel trailer for contract work for the better part of a decade. We were tiny house people before it was a fad. It was some of the best times of our lives, moving a lot, having minimal stuff, basically no property responsibilities. And there was nowhere to run from each other, so we had to figure out how to cohabitate peacefully every day - something I don't believe most married couples can actually do anymore.

[@icemike1]

Old properties

[@guy-sl3kr]

Is living in a van even allowed in most places? Because cops in my neighborhood absolutely patrol every parking lot and side street at night to make sure that no one is illegally parked there

[@PandemoniumVice]

Personal rent story and why I was homeless for 7 months. I moved to Colorado for college, got a studio apartment on campus. Semester came to an end, and I needed to find somewhere to live. I found several rentals for $800-900/month that I could afford, however, I wasn't making enough money. They all wanted me to be making about 2.5 - 3x rent. So, when my lease at the college ran out with the end of the semester, I was put out on the street. I ended up spending $1500+ a month living at a motel that offered weekly rates for 7 months before I was finally able to find a place to rent.

[@Ascend777]

That is the reason why homelessness is soaring. I was almost in the same situation.

[@fuglong]

Craziest thing of all is if you had a mortgage on a big house you'd only be paying 800 bucks. The fact that some people still don't understand it's more expensive to be poor makes me wanna scream

[@the_algorithm]

@@fuglong good luck getting the loan for that house... Credit Score of 748 and it took nearly 20 years of trying to get anyone to give me a mortgage

[@fuglong]

@@the_algorithm 🙃😮‍💨

[@Social_Pugatory]

This was the reason I left college and came back home. Because we couldn’t afford it. The university was putting upper classmen out of dorms because of the huge influx of freshmen that year so they gave us a couple thousand dollars and basically said figure it out. So I had a couple months to Get a job in a small rural prison economy town without a car and no experience whatsoever. Had I not left I would’ve been couch surfing and hiding from RA’s and Apt managers or living out of a backpack on the streets.

[@jefflane617]

I have become a bigger fan of a graduated property tax. That would mean the more property you own, the more you pay in taxes by percentage (just like the more income you earn, the higher your tax rate).

[@Falcodrin]

That's never going to happen even if its a great idea. Large investment groups would lobby any thought of it out of existence.

[@fgregerfeaxcwfeffece]

@@Falcodrin Feudalism in a nutshell.

[@madzaisa]

So, if i work my ass off to be able to own and later use for rent a couple of flats\houses i should pay more "just because"?

[@jefflane617]

@@madzaisa Just because... I am trying to earn more than my fair share for my hard by asking someone to supplement my income with theirs that they also worked their A off to get. Just because... I am encouraging more money to be spent on real estate rather than innovation, slowing down societal growth. Just because... I own a couple flats\houses I can still rent them in a graduated property tax structure, just at a slightly higher tax rate.

[@CinCee-]

💯 Thats a great idea

[@Casshio]

The term "landlord" in itself already sounds incredibly feudalistic. And people see nothing wrong with it.

[@ΒασίληςΒλάχος-τ3κ]

Ikr! As a non-native English speaker that word sounded incredibly suspicious when I first learned it.

[@DeisFortuna]

Capitalism is just feudalism with extra steps.

[@DmanDice]

Youre scared of the word landlord, but not the government and their endless taxes and fake inspections forced on everyone to pay.

[@wolf1066]

It's also pointlessly gendered, as is "landlady". We need a not-gender-specific term for the 21st Century: "Landbastard".

[@leinad2934]

@@wolf1066 Landleeches

[@theymademepickaname1248]

They had people coming into my apartment to do inspections way too frequently. I sent an email to the office to complain, and they replied that they have investors that required the inspections. In other words, I don't matter; I only live there and pay rent. It's the nameless investment firm that they serve.

[@theymademepickaname1248]

@@Pratik4311 the point is they have no respect for the tenants that live there and pay rent. Their loyalty is only to the out of state investors. It's not illegal and doesn't break the lease, but it certainly doesn't make anyone feel like they are a part of a community or have any respect for the property. It is the same with jobs nowadays. Treat people like disposable cogs and wonder why they have no loyalty or respect. People like YOU that tell people to "suck it up" are usually the first ones to cry and think they deserve something when they fall on hard times.

[@bluehero-96]

@@Pratik4311 They aren't putting roofs over heads. They are bullying and harassing people who are in a less stable financial situation.

[@dondatrader5609]

How often is frequent , is it every month ? Every few days ?

[@theymademepickaname1248]

@@dondatrader5609 it's calmed down now, but there was a of six month stretch where they came in 4 times. I have a dog, so it was inconvenient because I had to make arrangements each inspection.

[@theymademepickaname1248]

@@Pratik4311 also, I'm serving them a nice chunk of change every month. I'm the customer. Let me guess, "you're free to move." True, but most apartments are owned by big conglomerates, so it would be the same. "Buy a house then." Investors are buying all the houses too. Or, the prices are so ridiculous that you'll be essentially renting from the bank.

[@Mo-mu4er]

Please do a Part 2 where you show off successful examples of public housing from around the world, and how they operate. I'd love to know more about that example from Vienna. I know Japan has interesting housing policies, as does Singapore. People really need to SEE how it could be better. Love the content, as always. 👍

[@612osiris]

in the USA they are called "projects"

[@nightfall3605]

Seconded!

[@zakuzeon7382]

Better yet, show off the public housing in this country! I hear the projects are nice this time of year, lol.

[@nightfall3605]

@@zakuzeon7382 So are you one of those people convinced that America does it best, no matter what it is, and studying another society’s methods are a waste of time?

[@jasonvance2245]

please! those Vienna homes looked incredible!

[@williamreely3455]

"just buy your own home it's so easy!' I literally had to save for a *decade* after college, living in what was basically a cheap poorly maintained hole of an apartment, pinching every penny, before I could afford a down payment on a house in one of the least desirable neighborhoods in my city. And I consider myself extremely lucky since I was able to get my foot in the door just as mortgage rates bottomed out in late 2021. I couldn't afford my house if I bought it now. *It should not be this convoluted or expensive to obtain a basic human need*

[@kirara4953]

Then build one somewhere in the forest.

[@UmbreonMoonlight]

​@kirara4953 zoning laws make that more difficult than you think

[@williamreely3455]

@@kirara4953 How? Government owns all the land 🙄

[@davidt8087]

How much down did you put and how much did it cost and what state do you live in

[@Civil_Ian]

@@williamreely3455 Claim it.

[@mr.d.rektorstudios]

When my brother and I were little, our parents gave us piggy banks. They told us this money would be for a down payment for a house, or a bunch of other things. By the time I was 18, ans ready to head off to college, I had somewhere around $1000. I rented a crappy 3- bedroom apartment with two friends. Each tenant had to pay first month, last month, and a security deposit in advance. My entire life's savings was gone in one day to pay for that.

[@daleviker5884]

Your parents weren't actually suggesting that a few coins here and there would amount to the deposit for a house. They were just trying to teach you the importance of saving, which is a valuable life skill. It sounds like you didn't grasp the point.

[@wildfire9280]

@@daleviker5884 Right, and you know this because…?

[@rachmatabbid5936]

@@wildfire9280 maybe they're the parents all along

[@RedShipsofSpainAgain]

4:43: "Landlords provide housing the way scalpers provide tickets: they don't."

[@sirhulk5325]

This is a false comparison

[@RedShipsofSpainAgain]

@@sirhulk5325 it 100% is a fair comparison.

[@sirhulk5325]

@@RedShipsofSpainAgain There are a pros and cons to renting and owning; landlords allow renting to exist. Scalpers raise prices and add nothing.

[@RedShipsofSpainAgain]

@@sirhulk5325 I think you must not have listened clearly to what he explained on that exact issue in the video, where he explains how landlords actually *prevent* people from owning homes rather than allowing it. Rewatch the video and pay more attention to understand why you are incorrect.

[@sirhulk5325]

@@RedShipsofSpainAgain landlords can't control how much other houses sell for. They can't even control the valuation of their own property. You and your ability to save are the main factor determining if you can buy a home.

[@darkdep]

I'm lucky enough to have bought (well, mortgaged....the bank owns it) my "first, starter" home when I was 25. That was 22 years ago. My daughters are in their 20's now and trying to figure out housing because nothing is affordable. One just bought a derelict house 2 hours away because she's handy and will make it livable with sweat equity. The other is finishing university and trying to figure out how she's going to stay sane living with her parents until she's 30+. None of the rental realities my wife and I experienced growing up exist anymore. I'm seriously considering taking my meager retirement savings and using it to down pay / mortgage another 2 houses so I can be the landlord for my kids. I think this kind of thing might become more common.

[@darkdep]

Another thing....I've given up on the idea of the "starter" house. Our house has gone up in value but so has everything else, and inflation is silly. I used to think people upgraded houses over time....It's entirely possible this is my permanent home now. And while from a certain perspective that kind of sucks, looking at what others have to deal with I'm blessed.

[@DonesdeMotivacion]

Give her your house and you go rent, That’s what I would To

[@darkdep]

@@AmisThysia No criticism taken, I agree with everything you're saying. I don't even think we're doing anything special, we're just trying to figure out how to let our daughters live a normal life. One of my daughters is about to welcome her third child, and the other feels as you do and is refusing to have kids. It will be interesting to see how their choices work out...sadly, I am not very optimistic.

[@darkdep]

@@DonesdeMotivacion Sadly, my house is nowhere near paid off and I couldn't afford today's rents either!!

[@matthensle9391]

@@AmisThysia Seriously good points. How morbid is it that I find myself thinking about how much easier my life will be when I can inherit my parents house, which of course would mean I no longer have them...? If I absolutely had no other option I could move in with them but its not that simple. It is really too small of a house for more than 2 adults and I would rather not clash with my parents like roommates.

[@AthenaGate]

I used to rent with an Ex of mine, every year they would just raise the rent without fail, while doing little to nothing for the tenants.

[@lopoa126]

Every it is at least $100. I have to keep moving around because I can't afford a place after a few years. Few options left these days for a cat owner. Can't imagine trying to rent with a dog and cat.

[@TheStringyGamer]

Describing landlords as scalpers for housing is brilliant, really sums it up well

[@davidhuston495]

I know. I used to say landlords buy up one product (a house for sale), take it off the market, drive up demand, drive down supply, and then put it back onto the market as a different product (a house for rent), and the people looking to buy now have to settle for renting and those who never had the option to but are now on the street.

[@stand777]

@@davidhuston495 nonsense. What if I need a car... And you have a car... Am I entitled to drive it?

[@davidhuston495]

@@stand777 your analogy is not congruent of the rental situation. The analogy is there is one car. One person can buy it because they need it. But someone, who does not need it, buys it instead. They then rented that car to the person who was looking to buy it because they needed it.

[@stand777]

@@davidhuston495 nope, analogy fail. There's not one, just like there's not one house. US is a huge country - you can go live elsewhere, but no, you want to live in an area that's popular with others. Classic supply/demand. You being part of that demand is what's contributing to the high price, given the limited demand. One way to alleviate the problem is to do away with the zoning laws and thus add to the supply. This whole notion that you are entitled to someone else's private property is ridiculous.

[@davidhuston495]

@@stand777 your anology was not congruent. Speculators DO increase demand. And no one said you are entitled to other peoples property.

[@LJohnson88]

Don’t forget that if you ever get an eviction in your record it’s almost a guarantee you will be homeless for the next 7 YEARS. I’m just able to start my life at 34 because my mother got an eviction while my name was on the lease. It’s insane.

[@reissecupfilms]

Why is that

[@Ascend777]

That is just horrible! We are in a dystopia where are only wealth hoarders and new slaves.

[@SimGunther]

Why is it a "guarantee"? Evictions go on your credit history, making it impossible to not couch surf for the next 7 years?

[@ESALTEREGO]

Absolutely true! You wrote exactly what i thought

[@alexreid1173]

@@SimGunther Did you miss the word “almost”??? Yeah you can couch surf, but if you don’t have the right friends or enough money, you’re screwed.

[@downsidebrian]

They don't even have to evict you to evict you. They can simply refuse to renew your lease when it's up. That's what's happening to me this November.

[@themurdernerd]

Or just change the locks. Then what are you going to do? Take them to court? 🤣

[@adrianc6534]

burn it down before you go

[@downsidebrian]

@@adrianc6534 I'd really rather not inconvenience my neighbors like that. Anyway, since I don't expect to get my deposit back, I'm certainly leaving some damage here and there.

[@tenaciousminion8753]

This is what scares me. I could become homeless and I'm helpless to prevent it.

[@Kaiyats]

Just protect your house with a shotgun and tell anyone who comes it’s your property now and get the hell off

[@Ultima2343]

One of my favourite landlord excuses is how they call themselves "risk takers". Then they start banshee wailing when something like the eviction moratorium gets in the way of their "hard-earned" money.

[@dyne313]

All gamblers are "Risk Takers".

[@vividcarbon537]

What if the AC goes out? Who pays for that? Or what happens when your renter attempts to destroy an AC unit to extract free stay? These are risks.

[@davidemmyg]

Renters are literally paying for the mortgage and some on top of that. What do you mean who pays for that?. Destroying the ac for free rent comes with a huge risk for the renter. Getting caught can literally prevent him from getting housing again. I really wish it happens so often that renting out becomes unprofitable though

[@sirhulk5325]

If the rent isn’t paid the landlord still owes on the mortgage, home insurance, and taxes. They were also the one that paid for inspections closing costs and the down payment which could’ve for nothing if they struggle to find renters.

[@vulpixelful]

They should have had an emergency fund 🙃 like what they tell their tenants when they lose their jobs and can't make rent

[@connordavis4766]

I have, currently, the best landlord I've ever had. This is my second year renting with him and he did not increase the rent between leases. He takes care of all but the most complicated maintenance issues himself (he is an engineer of some kind) and usually promptly the same day. The maintenance he performs is generally a complete replacement of a broken piece of equipment (e.g. part of the belt on our garage door opener broke and he looked up the problem, bought the part, and replaced it). He seems to genuinely feel guilty any time he has to enter our apartment for any reason (even when invited in). None of these things are listed in our lease agreement, which means he is essentially doing them purely altruistically. I know it sounds like I am arguing against the premise of this video but I am absolutely not. I think he genuinely does these things, in part, because he is a good person and he knows that the economic relationship we have should not be this way. He is also an older man, and I think he has a lot of pride in this apartment and thinks of it both as an investment, and as a place that he might live some day if circumstances change. Let's just say I have not been so lucky with other landlords.

[@p3u3g3poultree7]

And the current economic system would punish your landlord rather than reward him is where the bigger issue lies. He should be the norm unfortunately he is not.

[@DSE75]

He might seem moral, doesn't make his passive income choice moral. Sure there were "good kings" to some in feudalism.

[@p3u3g3poultree7]

@@DSE75 when people go to work for wages that are less than the cost of living is that fair or reasonable? That people should receive government assistance because fail to negotiate with their employer? I agree with your academic position. In the real world making enemies out of landlords as the bad guy is unreasonable. If you buy cheap clothing you are complicit in child slavery? It is easy to cast responsibility onto others rather than own our failures.

[@CA-ly7my]

@@DSE75 there is literally nothing immoral about being a landlord, but you are free to have your opinion.

[@jenm1]

dude he's not supposed to enter without permission

[@CantripGhost]

I feel like many of our social problems stem from a system that treats corporations as individuals. Many of the behaviors that are slightly harmful on the individual level get amplified when powered by the resources of a corporation. First step I would make to solving this is restrict corporations from renting residential land. That would flood the market with homes as investment firms dump properties, and drive prices down. Individual land lords will snap some up, but a lot of individual people will be able to afford housing prices then as they drop.

[@BlitzkriegOmega]

yeah, also repealing Citizen's United would be nice too.

[@brianscott5172]

Look up the Powell memorandum. After writing it Lewis Powell was made a Supreme Court Judge by Nixon. He was responsible for corporations being considered people and in separate case money is speech. This paved the way for corporations being considered people and money is speech. Enter lobbyists.

[@N3CR0T1C_V3N0M]

But without the legal recourse! If I did something that hurt 1000+ people, I would be thrown in jail. When they do it, it’s a success and to be glorified. It’s abhorrent.

[@bluecolumbine]

That would make a huge impact, but why stop there? I have an idea that could be phase 2, limiting the amount of houses one individual can own. How would this work when people already own several houses? Either taxing at a higher percentage each additional house to the point where it would cost too much to keep them. Or just creating a cap and basically forcing the hand to sell within a certain timeframe or the extra homes will be seized and turned into government housing. My idea is every individual person can own 2 properties, a married couple can own 4 altogether. The only way someone can have an additional property is if they have children, they can purchase a house in that child’s name and rent it until the child turns 18 and then the property is handed over to that child. So under 18 you can have 1 property that is trusted to you, but they have to be rentals until that time. Too many houses sitting empty while people are struggling to find somewhere to live being forced to buy camper trailers, live in their cars or flat out on the street. Meanwhile the owning class is feasting, engorging themselves on basically the opportunity and life that has been systematically stolen from us. It’s time to take it back. The American dream is supposed to be for everyone. But with the way things are being run now we should change the lyrics to reflect honestly “land of the greed, home of the slave.”

[@mayhemamigos4766]

We have reached the final stage of capitalism.

[@nauansarbasov1138]

It is a really relevant video. I come from Almaty, Kazakhstan. Right now there are many people fleeing from the Putin's military conscription for the Ukranian war. The greedy landlords in Almaty doubled rent prices in the first hours when the news about the conscription spread. And many of my fellow people accuse the immigrants instead of the landlords.

[@camelopardalis84]

An especially tragic case of people in the same boat being pitted against each other.

[@temp_unknown]

Xenophobia is a global problem, unfortunately.

[@camelopardalis84]

@@temp_unknown And a useful tool for evil people.

[@taylorbug9]

Wow, that's intense. I'm sorry you have to deal with that situation it must be so frustrating

[@CommanderLex]

@@camelopardalis84 It's probably the favorite passtime for capitalists.

[@Khalixxa]

You may have indirectly mentioned this already: "landlording" is one reason why housing is so unaffordable in the first place. You not only have to compete with other people who NEED housing, but you have to compete with every real-estate "investor" who DOES NOT need housing. The fake competition drives the prices up. Renters are performing a service to the landlord, not the other way around.

[@firstnamelastname6699]

To be fair, the landlord takes the risk of the property while the renter has mobility. going to college, or relocating for military/work, I'd say most of the time I prefer being the renter

[@guy-sl3kr]

@@firstnamelastname6699 What "risk"? Worst case scenario, the landlord becomes one of us. The horror.

[@rolyars]

Basically that's the story of the entire economy. A huge amount of productive force goes to waste because venture capitalist, hedge funds, equity managers and other wallstreet types need their parasitic billions before it can reach something real. Just like landlords they will tell you they're somehow brilliant risk takers supporting the economy. But they're not, they constantly screw up and go to daddy government to bail them out. While complaining about any government support for normal people of course.

[@alveolate]

@@firstnamelastname6699 the risk is simply having to finance that property if they haven't actually finished the mortgage payments on it - a risk they incurred because 1) they decided to become a landlord in the first place and 2) they decided to own a second home on top of what they already have. i.e. they at worst have to sell this second hand at a loss - compared to renters, who risk becoming homeless if evicted. the issue is heavily exacerbated in the US because... weak regulations. in fact, the laws seem to _benefit_ landlords more than renters... with evictions being almost too easy in so many places, while landlords are apparently able to jack up rent prices any time. all that is on top of all the financial advantages the landlord class already have - easier access to loans because of their better financial situation, getting an additional home (or more) to use as collateral for more loans, and any other type of govt funding available to "small business owners". the "risk" of the property is vastly incomparable to the risk of being a "mobile" renter. most renters are not wealthy enough to actually easily afford rent while taking advantage of that so-called "mobility". you're thinking of highly paid professionals who are essentially expats. if landlords are only catering to those folks, by all means, they can afford it. the problem is that the bulk of the working class in america, folks living paycheck to paycheck, who can't afford a $500 emergency, have nothing in the bank, and may also be paying off student loans or other debt... the bulk of them are stuck renting. if the bottom rung is being crushingly exploited just to enrich an upper middle class... inequality will spiral: and it has indeed been spiralling in the US for the past few decades.

[@firstnamelastname6699]

@@alveolate I'm just stating my own experience, I'm renting right now. Imagine trying to buy a home now with a 6% interest, 30 year mortgage in this housing bubble. Buying right now feels horrible vs. renting. I'm able to wait and time the market better. Homeownership isn't even a solution for low income families vs renting. They have to commit to a 6 figure asset regardless of the market, while at their financial weakest (riskiest borrowers, highest interest rates, small down payment etc) and commit to a location chosen while they were poorest. PLENTY of people who got burned in '08 because they fell for the stigma of renting and bought a home they shouldn't have. The issue is how behind wages have fallen in comparison to cost of living. Renting feels like shit because we can't afford shit.

[@GovernmentFails]

I know an almost retired couple that rents their old trailer. It cost about $430/month to rent a property. That’s money that’s just lost even to landlords

[@SOG1172]

Beautiful video. Last year a landlord made my girlfriend, me and my 1 month old baby homeless simply to make a profit off the property… This year, my parent’s landlord is doing something similar by moving them out of a house they’ve been in for 8 years only to move them into an old shack of a house (also owned by the same landlord) My experience completed my radicalization and my parents situation secured it. As it turns out (to no ones surprise) even if you have worked hard for years or served your country, you are cast out as nothing but a commodity into the free markets ruthless claws.

[@taylorbug9]

I'm so sorry that happened to you, but I am happy to welcome you to the reality of our country. It sucks but it's not going to change until more people become aware of it.

[@totesMagotes83]

Our landlord did the same to us... after 8 months of being there, fixing the place up, we even bought a stove/fridge because none was provided. We were finally starting to feel settled. Luckily for us the landlord's brother was a co-owner, so they weren't actually able to evict us without buying him off, which would be really expensive thing to do, so we were able to stay longer, and get a few months rent/hydro paid. Also we're lucky enough that we could afford a downpayment for a house. But change the circumstances a bit: Only one owner (or just her and her husband), no extra money pile, and I see how screwed over we would have been. This is in Montreal, where tenant protections are supposed to be relatively good.

[@guidosaur7506]

My landlord for the house we'd been renting for years sold the place from under us this year also. Didn't even offer to raise our rent and let us stay another year. Just 30 days to get our shit and leave

[@literaterose6731]

Yup… my son and daughter-in-law, in L.A., were just booted from the flat they’ve lived in for 13 years. Landlord claimed it’s to move her son in, but there’s good reason to suspect that will be brief (only long enough to make it legal) and they will be re-renting at a significant hike before long. They’re teachers, no longer sure how much longer they’ll be able to afford to keep living there… The tipping point is fast approaching when so much of the population will be unhoused or housing insecure that riots will be inevitable.

[@GiggaGMikeE]

But, you see, they need to make money, you see, and that's why your infant and family's homelessness is a sacrifice the landlord is willing to make for a number on a spreadsheet to go up. It wouldn't be the American Way to give up a chance to earn greater profit, even if marginable, if it means straying closer to dreaded, hated empat- I mean sOcIaLiSm.

[@artypyrec4186]

Landlords are hilarious to me. My friend owns 3 properties. She hears about an issue for one property a month, and every time she has to do something it's the hardest thing she ever had to do. Once a month and the issue is mostly them calling you, you look at the issue, try to call someone, they fix it or not and that's it but it's the hardest thing you do as a landlord. What's more confusing to me 2 of the 3 were given to her by her parents.

[@vacuumblink2300]

Must be nice to inherent that much wealth

[@christianstephan7301]

It's really hard work to try to sit it out for as long as you can and if the tenant won't budge you have to send your son to repair this stuff as cheap as possible. Really stressful job to do. Let's hope it just happens once a month.

[@davidemmyg]

Maybe we need to stop calling them wealth and rather call them tools of enslavement

[@SCHRODINGERS_WHORE]

@@christianstephan7301 are you serious you parasite?! 🤬🤬

[@PawsOnTheBalcony]

Maybe you need to call your friend out on her bullshit every once in a while. Make her feel as embarrassed about what she considers "hard" as she should.

[@AndromedaCeline]

I knew it was a scam when I worked for a property management in my 20s. I naively thought there was some formal regulation or price evaluation that they had to follow when deciding the rent for their apts, you know, to provide fair pricing, but Nooooo. When they had a 1BR come up, in a not so great neighborhood mind you, all they did was look at the rents of the 1BR around the property, then tacked on $200 MORE to the price, just to see if anyone would pay it. Which unfortunately someone DID. They were none the wiser that there was nothing significantly upgraded about the apt or bldg other than it was vacant. AND now the rent is up for that unit in that area, so other landlords can now compare and hike their prices up too. When I realized this, I knew then, as a renter, I was fucked. 😣 It’s impossible to keep up with that.

[@elliotpollard9083]

You're describing how markets work. If there was a higher demand for apples, apples would cost more.

[@silak33]

​@@elliotpollard9083 How markets works when the ones selling the product has stopped competing but are forming kartels and monopolies :P

[@natevans8024]

@@elliotpollard9083 fucking hell.

[@silak33]

@@jonatand2045 Not the only problem though. Louis Rossmann made a series where he went around in New York showing of empty stores. The problem wasn't that there wasn't a great supply for them (some of them having been empty for over a decade), but the price to rent them was still completely unrealistic.

[@jasons8479]

Here in Florida, rents went up in some cities 30-45% in the past year alone! Absolutely disgusting.

[@CA-ly7my]

why blame that on landlords? Blame the cities who refuse to let anyone build houses

[@jasons8479]

@@CA-ly7my Because it's the landlords who chose to drastically raise the rents on people, many of whom could least afford it, out of greed, just because they could. Not sure why you think cities won't let houses be built, since they love the tax revenue, or why that would be an excuse for renters to get kicked out due to inability to afford skyrocketing costs in places they've lived for years. It's just plain wrong!

[@CA-ly7my]

@@jasons8479 rents went up because everything went up. Gas/heating/electricity prices are up, the cost to buy real estate has exploded, and construction costs are up. inflation is the worst it has been in decades. Do you think the rent is just going to stay the same forever? Everything gets more expensive...and you think rent will just remain the same?

[@jasons8479]

@@CA-ly7my Utility costs are paid by the renters, not the landlords, genius. The cost to buy real estate? Why should renters be forced to pay for landlords to acquire more expensive new properties? Just so they can become even more obscenely rich at the expense of those who actually work. Of course I don't expect rents to stay the same forever, but going up 40% per year? I'm pretty sure your electric bill hasn't gone up anywhere near that much. And gas prices are lower than they've been in a long time. You really should stop embarrassing yourself.

[@advisorywarning]

@@CA-ly7my it’s not about that it is literally corporations buying up large plots of land and then developing them into McMansions… forcing all prices to rise. I think the people need to violently overthrow wall st. They are gambling with literally everyone else’s lives.. not just here but globally

[@matman730]

Landlords don't only screw over individuals and families, they also screw over small businesses. If your favorite mom-and-pop store suddenly disappeared, it was probably an unaffordable rent hike.

[@theshunzun]

100%. I live in Berkeley, CA and have seen that happen a lot, especially with predatory developers nobody wants around hollowing out downtown to build expensive apartment buildings nobody can afford. Same thing happened to a small art school I went to in San Francisco. It was a great little studio where we learned European style classical drawing and painting. Things were ok until the asshole landlord jacked up the price, and forced the school to close. The whole institution, and by extension capitalism, is fucking parasitic and needs to end.

[@codyharris8289]

It's absurd how ridiculous retail space rents are, almost universally. Then you see hundreds of completely empty spaces going derelict from abandonment. I always think of how people could use that space for their crafts or community centers or literally anything beneficial to the community. But they just sit as if it's worth more to them as a tax write off

[@tudoraragornofgreyscot8482]

I thought leftists despise small businesses due to them being petite bourgeoisie?

[@keropi193]

Exactly. It also screws over businesses that pay a fair wage because in my city housing is so disproportionately expensive, even coders struggle to buy a house. Can't run a pizza shop if your workers have nowhere to live.

[@AssBlasster]

Oh yeah, Louis Rossman exposed how manipulative NYC commercial space leasers can be, including just flat-out lying about the total floor area to jack up the rental price from $10-100K per month...they straight ran him out of town.

[@TheMoistestNugget]

imagine socialized condo complexes and how much everyone would enjoy that

[@GTAVictor9128]

That is basically what "commie blocks" are! Of course, they were villainised by the capitalist west because their outward appearance was unattractive, while completely ignoring the practical purposes they served.

[@hentisenti]

I don’t have take care of my own lawn, I’m in

[@rakkatytam]

Imagine? I only have to look at Vienna for that

[@mendodsoregonbackroads6632]

I am going to have to disagree about how landlord do nothing. I bought a 90 year old existing building that had a fire in it previously. Did the construction work myself to restore it, with my money and continue to do the maintenance and upkeep. I rent those apartments out as Airbnb’s and do the cleaning building maintenance, further improvements and ground’s keeping myself. At this point it amounts to a 15-20 hour a week Job. The government says it’s “Passive income” because I don’t serve breakfast. So it’s not a 9 to 5, but it isn’t nothing either, and about 35% of the income goes back into running all that before taxes.

[@rakkatytam]

@@mendodsoregonbackroads6632 Yeah but doing that does nothing for other people when the government could of just done it more efficiently instead. You would not have to do any of that to begin with. Also, you're definitely part of the problem if you made them into air bnb

[@davemakesnoises]

When my partner and I (both in our 30s) moved in together this past summer, we were easily able to show a combined income of 6 figures and on average 4x-5x the rent on any place we were looking at. We were denied by all but one slum lord because she has a normal amount of student debt and I immigrated 12 years ago and don't have extensive enough credit history. We had to live in hotels/motels for over a month and pay out hundreds in application fees until we finally got approved by a notorious slum lord organization. Not to mention for some reason the day we started applying for apartments, i settled a debt and my credit score decreased by 2 points and didn't go back up until 2 weeks after we had moved into our den of compromise, and that 2 points was enough to disqualify me from approval for basically any apartment in our city, but still gotta pay that application fee to be told "no you don't deserve to live in a place you can afford." Because I settled a debt. At least that's what it looks like because redlining is technically illegal nowadays, but for all we know it could well have just been good old fashioned racism.

[@o0laieta0o]

I moved here 7 years ago and my credit is in the 780s... History is on the red always, but that's a little percentage of the score. So there was definetely other factors for you... Hope you can mame it to a better apartment or save for a down payment soon

[@aurograce2983]

Credit wants you to owe more money. You get punished for paying things off and having no debt. Think about it like this: if you have more debt, the higher chance you'll miss a payment. Then they can charge you an arm and a leg and make profit. They don't profit if you pay everything back. It's rigged against the every man

[@VieraXXII]

You probably got turned down for multiple factors including good old fashioned racism. Sorry

[@kirkcavenaugh758]

Boo hoo

[@primal9238]

I don't understand how any apartments are rented out. Prices have kept going up over and over and the application process itself is almost impossible to get approved for most normal people. The government needs to step in. We need more affordable rent controlled housing.

[@drutter4515]

Socrates made this argument about the parasitical nature of landlords over 2000 years ago in Plato's 'Republic'. He equated landlords to 'drone bees' or more specifically 'drones with stings' who are damaging to society, as opposed to the 'worker bees' who are productive. Absolutely disgusting and frankly quite depressing for humanity, that we are in the 21st century, yet we still permit and even applaud land-lording.

[@josemaria8177]

Rents are becoming more and more insane in Portugal (my country). A couple of months ago the Lisbon city government released their "affordable" rooms for college students. Each room came with a 650€ rent. The private sector is getting even worse, with beds (not a full room, quite literaly just a bed) being rented at 500€. So yes, landlords are really that bad

[@Fred_the_1996]

E depois há aqueles papeis no centro "apartamento para estudantes baratinho renda 250€" e um gajo chega lá e é um quarto num apartamento de 40m² com 7 ou 8 gajos haha

[@Fred_the_1996]

É rir para n chorar

[@josemaria8177]

@@Fred_the_1996 Sem falar de te cobrarem o preço da renda mais todas as "despesas". Queres ter água corrente? Eletricidade? Vais ter de pagar mais

[@narrgamedesigner2747]

I am from the UK but I do wonder how students can pay for 450-500+ rooms. Even wt. some subside like its insane

[@crash_test_dummy_1]

500 for just a bed! Holy cow! I thought Florida was bad...

[@JakeP2013]

The Scalper analogy is something I never really thought about, but makes so much sense.

[@Ascend777]

car dealerships are same, useless middlemen mandated by state governments. automakers can sell their own cars and do their own warranty repairs without car dealerships. the usa is a f-ed up kind of capitalism.

[@taureon_]

@@bellmattwebb "also assumes that landlords are somehow incapable of compassion and human emotions" well technically they ARE able to feel emptions and compassion, but let me tell you something: there are REASONS why everyone assumes landlords are terrible people, I hope you figure out why.

[@vudangtung5638]

@@bellmattwebb and your reply make its clear that u didnt even watch the video. because the thing u claim he assumed was answered in like the literal first minute of the vid

[@thebuzh3rd]

@@bellmattwebb You've addressed none of the real points brought forward and are making an appeal to emotion. Bring points to things you'd like to address or keep it moving. Forms of ownership (sole proprietorship, corp., etc.) is completely beside the point.

[@sawyerstudio]

@@bellmattwebb Being in a position to take advantage of a malevolent system and doing so is not clean and okay just because you're not being actively horrible to the people you're exploiting.

[@HenriqueErzinger]

There's also the fact that the speculative market created and feed by the existence of landlords is the thing that makes housing so expensive in the first place.

[@Ghost-eo6jb]

Exactly. The architects, bricklayers, plumbers, carpenters, electricians, and roofers build the house; the landlord is literally just a parasitic role in the housing industry. We don't actually need landlords to provide housing, as they don't provide housing in the first place, the people that build houses provide housing.

[@asamanthinketh1937]

And those workers build for free or what?

[@Ghost-eo6jb]

@@asamanthinketh1937 No, they would be building for Americans that would happily buy the houses that they build. You don't need a freakin landlord to cause people to buy houses. A non profit or government organization could just as easily take their place as facilitators. Without landlords there would be 16 million more houses on the market, as of now those houses are vacant. Artificial price gouging at it's finest.

[@asamanthinketh1937]

@@Ghost-eo6jb so you just call them facilitators but by definition they would be landlords 🤷🏻‍♂️ same thing, different people/organziations…..

[@Ghost-eo6jb]

@@asamanthinketh1937 Except since it's not privately owned and run by non profits, there is no incentive to hoard millions of houses while speculating on the housing market. Loosen zoning laws so that more housing can be built and people can't artificially inflate the price of their houses, adjust the price of housing to match wages, and make it so that no one can own a vacant house solely for the purpose of profit in the future. That does not in any way sound like our current "landlord" situation.

[@asamanthinketh1937]

@@Ghost-eo6jbyou definitely have a point. Housing should be more affordable.

[@jedibane]

Imagine how dangerous it could be if we lived for everyone’s benefit?

[@DrSpooglemon]

Mindless utopianism! How can you expect the economy to function without people dying in the gutter?

[@Krazie-Ivan]

Not nearly enough thumbs up for this comment. ...human nature's tendencies & history aside, it'd be an amazing thing to see.

[@thecalmbeforethemaelstrom]

The world would be stable, with little to no economic losers...just the thought of such a reality makes me shudder.

[@toppersundquist]

@@thecalmbeforethemaelstrom BUT WITHOUT WEALTH, HOW WOULD WE KNOW WHO OUR BETTERS ARE?!?! HOW WOULD WE *WIN?!?* /s

[@cruzergo]

@@toppersundquist through social indicators like having a better education, having a better health, bigger house, better cars, able to eat 3x a day and you don't need rich people to compare with. if people want a yacht then they can vote to buy the yacht

[@narrgamedesigner2747]

People renting in the 30s in room shares needs to be talked about more since this is where expensive rent prices are way too high to be able to just get a flat for a single person, maybe 2 bed is getting ridiculous. It is because the rent is too high with stagnant wages. I am so tired of room sharing, but I don't make enough to move onto a single/studio flat in the UK. ts just normalized people at my work, my friends all room share to not end up on the street.

[@18booma]

Yip. Situation is the same here is South Africa. I was house sharing until this year, except for a granny flat I lived in my first year and a wendy house I lived in for a different year. And I'm not exactly poor, earning 4x the minimum wage. I'm lucky to be able to afford a tiny one bedroom apartment with my gf now at the age of 31. An added issue with a house share is that you can't always control who you share with. The last place I lived in my housemate lost his job during the pandemic and turned to tik (meth). His situation got worse until one day in a paranoid delusion he thought I stole his phone, so he locked me in the house with a chain and padlock. The landlord had a friend living downstairs who acted as a caretaker for the premises. They weren't able to protect me in any meaningful way. I stayed with family for a couple weeks until he completely lost it and tried to attack the caretaker. Only at that point were they able to have him admitted to the mental hospital. When I returned I told the caretaker and the landlord that I'll be moving out once my lease is up (end of the following month). They immediately started renovations so they can queue up the next set of tenants. The last month there I lived in dust and paint fumes so they can immediately replace me once I'm out. My heart breaks for those who aren't as lucky as I am, and don't have the luxury to go live with family. Especially other women who end up in abusive relationships in order to keep a roof over their and their children's heads.

[@lopoa126]

I handle sensitive information so I have to have a second room for work. Renting is insane after COVID decimated my clients, plus my rent went up. If I add a third bedroom, my share would be similar if not more than my current rent. Having two cats makes it that much harder since I lose 60%+ of the available options. I've looked in rural areas but there are barely any homes there to begin with. More and more people are moving back home with parents.

[@HeidiThompson7]

This is really common in California as well.

[@AssBlasster]

Having your own apartment is the new American dream!

[@KC4RAE]

The area I live in is going through a housing crisis because of the influx of people moving here from all over the country. Our rents have increased so much, people are going homeless living in the parking lots of big box chains. My apartment's rent increase was so high, I had to move back in with my father. It went from $900 to $1700 in two years. It's absolutely stupid.

[@Daltastar2012]

You sound like a racist

[@purplehaze2358]

"There's truly every flavor of landlord out there, not that I'm suggesting we should eat them of course" Yeah, only do that if they're rich.

[@sarah2172]

As someone living in one of the most expensive cities in the world, who has a slum lord who owns 3 properties in this city but still refuses to do BASIC maintenance (or threatens to evict you when you ask her to fix anything), I STRONGLY think local and federal govts must do something to regulate this nonsense. We have rent increase protections to an extent but landlords here are SO rampant in going around it (reno-victions and falsely saying they're moving in a family member are the most popular). Not to mention all the empty units that sit around so the investors/landlords just see their portfolios go up while the market has even less housing options as a result

[@ShadeandShadow4ever]

Moving in a family member? What does that entail? My father moved in my cousin and and he did not want the people suing him to find out, so I am curious. My cousin's full name was on the court case papers too and he is now managing my dad's apartment building, so again, what does it mean?

[@tuomaskoivistoinen6476]

In Finland at least I think landlords (called literally just "rent givers" out here and not a "lord" of any kind) do provide a valuable service. By law, they are obligate to take care of the apartment if there are any problems or in the case of normal wear and tear. Owning an apartment yourself comes with some risk, more things to worry about and more work. Renting is thought to be a form of luxury, where you can just live in a place without worrying about much and you are free to move at any time. Owning an apartment is "cheaping out" and making a commitment of living in the same place for a long time. You can get a two bedroom place under 60k euros and you are qualified for a loan with a bit over 1k euros / month income. If you lose you're job, then social security pays for the your place for you. But then again, Finland is a leftist utopia compared to USA

[@bavingates2502]

Hence Finland being the happiest place on earth

[@numbdigger9552]

@@bavingates2502 Also, if you have any valid reason (studying, illness, etc.) the government will pay for anywhere between 50% and 100% of your rent for you.

[@HaMMeR33661]

In Czech Republic, while we have these laws in place thanks to our history, but have been eroded and not updated for the current state of things. So while I rent and have some safety from the state, I have been scammed out of some months' worth of payments 2 times in the last 4 years already, with landlords going the "what are you gonna do, sue me and lose the money you'd get from me on lawyers? hahaha" The meta is to currently just stop paying 3 months before you think things are getting bad and get out without notice to the landlord. You cannot do the "lawful" way and you have to be behind on payments, otherwise the landlord has the power to withhold deposits, service bills proxied through the landlord and will request even payments on "undisclosed" repairs. If the landlord sues you, they won't win, but if you sue the landlord, you have to go *really hard* to get any money back. The state just takes a backseat and watches all this happen.

[@goonerbear8659]

My grandfather suggested I buy a house to rent it out and I told him "No. I don't want to contribute to the problem." I'm fortunate enough that I live with him and don't have to face the crushing threat of homelessness at this time. And that I have enough buying power to slide into a home for the right price around here if the stars aligned - moving is more a matter of being my own man and living closer to everything I do instead of commuting from the furthest edge of town. The main problems as a first-time prospective buyer in one of the cheapest places in Texas and the USA to live (for now) are competing with corporate and individual landlords - all of whom look to make those properties rent houses and can offer fat stacks above the asking price. And the homeowners would be fools not to - BlackRock doesn't send in someone in a suit with a BlackRock nametag, they send someone in who looks like anyone else looking to buy a home.

[@sergiolanchazolopez1918]

U could buy it and rent it cheaper than the market to someone who truly needs It at least that is what I would do

[@vapingfury4460]

You just dont have to be a greedy asshole and try to provide something good for the occupants

[@carsongrosche9410]

Ok that’s nice, but as soon as I can I will buy a house or apartment or something and rent it out.

[@GR3YS0RG4N1CS]

Watch Damnation, it has a couple episodes about banks foreclosing on farmer's farms and sending in a buyer to buy up all the land for some rich fuck. It also shows what we Americans did in response: we held penny auctions.

[@GR3YS0RG4N1CS]

Penny Auctions for anyone who doesn't know what they are and are only finding the capitalist twisting of the phrase to mean online scam auctions. en.m.wikipedia.org/wiki/Penny_auction_(foreclosure)

[@thecrimsondragon9744]

More social housing is needed, and we need to introduce a kind of landlord tax which progressively increases with each additional property they own.

[@wildfire9280]

Some kind of… land value tax?

[@youtubeuniversity3638]

​@accelerationquanta5816We can push both at once, good to have safety nets and backup plans.

[@adn1359]

​@accelerationquanta5816 And how can you do that? Because someone worked hard enough to own a property. And they can decide when to increase the rent. Here's the reality. Every one of us is greedy in our own ways. For example, you might ask for an increased salary. The landlord can do the same

[@adn1359]

@accelerationquanta5816 That's taking away people's freedom. Would be more like 🇨🇳. You should be demanding more from your government rather than eyeing other people's property. If they spent billions on their own citizens, instead of funding wars, it would've benefited a lot. Mate, you make no sense. The owner decides what he can do with his property. You want to demand more salary and also want to steal someone else's house. If can't build/buy/rent a house, then by all means you are HOMELESS.

[@screenarts]

Small towns have their lords too. It's not only big corporations. Here in upscale costal southern California, the local fire chief's wife over the years has bought and today now owns free and clear approximately 30 rental homes. Paid off by the renters over the years. These homes today are worth 1 to 2 million each and rent for 4 to 5k a month. This little kingdom was built by cooperating between banks and the high ranking County officials. like the chief of the county fire department. Banks won't let you acquire home after home, they'll ask you to beable to make that payment without a renter. Only ordained special connected people get the opportunity to have it all handed to them, like the local officials here. And I'll bet in your town too.

[@ernesto3998]

What city?

[@Ascend777]

It's funny how the banks won't let you rent out but they let corporations and big businesses rent out a mortgaged property. not!

[@nickyliu8762]

I live in such a social housing apartment in Vienna. Good quality, clean, excellent public transportation, all important amenities in walking distance, if any installation breaks, the owner (the municipality of Vienna) takes care of it for free, and most importantly, very affordable! It used to be even more affordable! Prices have risen sharply, as the town grows with urbanization and immigration. But compared to other major cities still coming out on top. Quality of life here in red Vienna is second to none

[@SkySong6161]

Translating for Americans, "Social Housing" is basically like having a condo whose management company is the city. My Stepmother and Dad haven't paid more than 500 eu a month (taxes, maintenance, ect), for as far back as they can remember.

[@YTsupportsZionaziGenocide]

out of curiosity for us north americans, what percentage of your income goes to rent (net income)?, i'm betting 35%, maybe 45% maximum, and possibly as low as 25%. am i close? i think here in canada social housing only costs 20-30% less than average which is still over well over 50%.. my rent is 1500 a month, however if someone new move into my apartment they would be charging them $1700 a month, its a two bedroom, but the second bedroom is too small to function as a bedroom (which really should be illegal), my childhood bedroom was about twice the size. as a result i wouldn't even feel comfortable renting )subletting) out my spare "bedroom"... landlords here in north american are nothing short of financial rapists.

[@rogermartinez4893]

We call it public housing in the United States.

[@YTsupportsZionaziGenocide]

@@r.mariano8118 i kind of doubt that as canada has both a more robust middle class and welfare system, more public housing per capita, roughly the same housing costs (often even without being currency adjusted), a poverty rate of 8.1% compared to 11.6%, and we don't have to worry about healthcare costs which is one of the prime causes of poverty, which obviously has knock on effects.

[@r.mariano8118]

@@YTsupportsZionaziGenocide housing price in every Canadian metro is FAR above the US and incomes are generally quite a bit lower. Lots of US metros where homes can be had for between 300k and 100k

[@MaggiDaC]

"Landlords provide housing the way scalpers provide tickets" 🔥🔥

[@dudaseifert]

No one person should be allowed to own more than 2 houses, and no corporation should be allowed to own any houses. this would aleviate A LOT of the problem

[@kestutisvedegys7820]

Finnaly some one spoke about this. I'm so confused why is no one talks about this it litteraly causing countless people live in the streets.

[@BeautifulEarthJa]

Thoughtslime has a good video on it

[@francoisdumont8291]

It's not that no one talks about it, it's that it's so massively profitable and a key piece of establishing wealth inequality that even bringing it up is bound to get the ruling class and their useful idiots enforcing the status quo doing everything they can to shut you up.

[@camelopardalis84]

Thought Slime actually even has four videos on it. "Landlords are bad, everybody" "I was wrong about landlords" (joke title) "Landlords are in crisis" "Prager-U's wild anti-homeless propaganda"

[@kestutisvedegys7820]

@@BeautifulEarthJa I mean in more general public when saying finally somebody I meant somebody I know lol sorry for confusing comment XD

[@kestutisvedegys7820]

@@francoisdumont8291 When Capitalism becomes so advanced it does 360 and turns in to Feudalism XD when you rent property to support your lord and follow their orders otherwise you are homeless.

[@adamkey1934]

A lot of landlords claim they aren't in it for the money, just to pay off the mortgage and a little extra on top. Bullshit. You ever know a landlord to drop the rent when the mortgage is paid off?

[@lopoa126]

My landlord can cover taxes and mortgage (if there is one) in a month

[@planefan082]

It should be a legal requirement for rent to be cheaper than the cost of buying. Why? The landlord gets to keep the property after, they still make a profit.

[@jborrego2406]

@@planefan082 then no need to rent it , if it’s for free

[@themurdernerd]

Also, the high cost of rent keeps a LOT of people in abusive relationships, simply because they can't afford to leave.

[@Yuti640]

It’s either be in a physically abusive relationship or a financially abusive relationship Take your pick!

[@07Flash11MRC]

@@Yuti640 Paying exorbitantly high rents is already the financially-abusive-relationship part.

[@elliotpollard9083]

Yeah would be better if they had a joint mortgage.

[@MrCmon113]

If a wench among my rent serfs accused her husband thusly, I would have the scoundrel drawn as a warning. Not my fault if the plebs stay silent.

[@rsu1367]

Find a new room mate.

[@nosondre]

I’m a landlord and a renter. I rent my two bedroom house in Stevens County, Washington so I can rent a room in a home in SoCal. I’m breaking even. That’s the exchange rate. I am, at least, a conscientious landlord. I’m able to charge them well below the market rate because I was able to pay cash for the place. I’m hoping they’ll use the money they are saving on rent to save for a down payment on a home of their own. But with interest rates the way they are now, they’re still priced out of the market. I’m 62 and plan on retiring there. I’m in a unique position. I know this but I’m using it to help a young family get a foothold on something that still (thanks to “The Fed”and their nonsensical plan to drive down inflation) seems to be just out of reach.

[@FutureNow]

Excellent video! I'm trying to buy my first house right now and it's sad how many homes are being bought up by "investors" to rent out (or flip) driving up the prices for people like me who just are trying to find a way out of the rent money void and be homeowners.

[@snowblow1984]

market is coming down tho and housing supply is growing. It looks to me that there are less investors as it's becoming harder to flip a house.

[@FutureNow]

@@snowblow1984 there may be fewer investors now actively buying, but many of the homes currently for sale are owned by investors who bought it in the last year or two. Also interest rates are increasing on mortgages and erasing a lot of the benefits of lower home prices.

[@snowblow1984]

@@FutureNow No disagreement there.

[@Daltastar2012]

How much longer till the poor eats the rich again?

[@mhkpt]

The landlord/scalper analogy needs to be made more often. Just like scalpers, landlords are getting in between way of people who were going to transact anyway, and adding zero value in the process. I understand that there is a need for some of the homes to be rented rather than sold, say, to students or visiting workers, but in these cases we can have either a very strictly regulated rental market or, ideally, public provision of rental housing at little more than the marginal cost.

[@blazedorange]

1 big caveat being that someone else would still be able to purchase the ticket without the scalper but even with a small reduction in the price of houses most renters still could not afford the down payment and everyone would be stuck living at home.

[@blazedorange]

@@Meeptome that feels like the real problem is the mandated school housing then? They've basically created their own monopoly on housing as you're only allowed to rent through them, and seeing as they have no competition there is no need to have competitive prices?

[@diablo.the.cheater]

@@blazedorange except that if only people that are going to live there can buy homes, and they have not enough money, then property value will go down.

[@Amewyn]

@@jeffreywilheim5970 but that's just extra credit, it's not their designed purpose. Technically they have a good (housing) and they're technically offering it to someone else. Anything that is about maintenance, is just "well its how I keep people coming"

[@CaseyLaarkamp]

@@jeffreywilheim5970 That's extremely debatable that they actually do maintain the property though. I just recently left a rental that I was in for 2+ years, and it was hell trying to get them to come out to do any kind of maintenance, especially when it came to keeping rodents out of the house.

[@DeadLoon]

We need to get away from calling landlords "landlords" and start calling them housing scalpers

[@sentientnatalie]

Or landbastards to get away from the pointlessly gendered terms of landlord/landlady, but housing scalper is a good name, too. :)

[@laurensalvatierra8636]

Yes the term landlord is degrading to lower classes and implies power with the word "lord".

[@chihirostargazer6573]

Or we could call them "housing parasite"?

[@sentientnatalie]

@@chihirostargazer6573 That also works very well. :)

[@baz1184]

Landleaches

[@wvu05]

I remember a few years ago having the realization that I had spent over $100,000 in rent over a certain amount of time with nothing to show for it. With all of the talk about people needing to save, that sure does make it a lot harder to get the money for a down payment. Even if the cost of rent does not increase, these are some baselines for how long it takes to pay $100,000 in rent: $850: 9 years, 10 months $1000: 8 years, 4 months $1250: 6 years, 8 months $1500: 5 years, 7 months

[@minimars3696]

Wow, and in many megacities people pay way more than that... It is so much easier to understand how big of a scam this is when you have the numbers before your eyes...

[@rogermartinez4893]

It’s not like you have nothing to show for it. You did have a place to live for 30+ years. That’s huge.

[@CA-ly7my]

what do you mean "nothing to show"? That;s like saying: I've spent 250,000 on food and have nothing to show

[@wvu05]

@@rogermartinez4893 That took about ten years to get to. The fact that you think it would take 30 years to pay $100,000 in rent is just adorable!

[@wvu05]

@@CA-ly7my Who got the equity? Who got the asset? As rent goes up and up and corporate giants play hot potato with properties to inflate prices, it makes home ownership next to impossible for most people.

[@NHarts3]

There should be a cap on how many residences are owned by landlords. Renting has its use: for short to medium length stays in a different city. Say for example you are working or studying in a different city for a few months to 4 or so years. But this is the minority of people living in a city at any time. Any locals or long term residents should be able to affordably buy their own homes so that they aren't ousted out of their home cities. This is why a cap on both number of landlord owned properties and rents is necessary. The landlords should also be local individuals, not corporations. I'm thinking, like you said, older folks who might lease out part of their property they no longer need

[@greevar]

You should only be allowed to own your primary residence and nothing else. We have the technology to work from home. If workers are needed to be physically present, then the employer should be hiring local workers instead of making people relocate temporarily. People doing school abroad should be provided free dorms to stay in as a public service paid for by taxes. There is absolutely no reason to make people rent their home. You produce wealth to get paid. You deserve to get that value back in what you spend it on. Renting does not provide that value back. It takes the wealth you created and keeps the housing too.

[@NHarts3]

@@greevar I agree with most of what you're saying, but I'm also saying that a minority of rentals is not bad. These dont have to be owned by landlords in the conventional sense, such housing can be owned by the government or universities too. But it's totally unrealistic that everyone should only ever stay and work in their own city only. That will lead to a whole host of other social problems. Going out of your bubble and traveling for one reason or another is a good thing. It teaches people about other cultural experiences. In your line of thinking should hotel not be allowed either? No one allowed to go on vacation? I would love to own a home in my home country but I would also like to have the opportunity to live and work elsewhere for a short time

[@NHarts3]

@@greevar the point is to achieve the correct balance, not exchange one extreme for another

[@mixedbagclips2511]

Why stop there? Maybe we should have a central party that owns everything, then we will own nothing and be happy.

[@KickinRadTopHat]

“There should be a cap on how many residences are owned by landlords” Yeah, zero.

[@Fantsmacle]

This video speaks hard to me. I'm a teacher in Phoenix and a touch over 50% of my take home pay goes to rent. Most of the rest goes to car payment, internet, insurance, and student loans. I should also add that I have a small 1 bedroom apartment that costs $1535 a month.

[@localphysicsenthusiast5315]

$1500 for a 1 bedroom apartment is a big amount of money for that. In countries like portugal you can get 2 bedroom 3 storage houses for that price in rent. I hope this housing crisis gets better

[@stand777]

@@localphysicsenthusiast5315 and what's the median salary in Portugal?

[@poohbeartube]

Arizona ranks lowest in teacher salary when adjusted for cost of living and quality of life. The state with the lowest average teacher salary in the US is Mississippi, at around $48,000 a year.

[@magepunk2376]

I was fortunate enough to be able to buy a modest home. The rent I paid at my apartment was around $740 a month at first, but after three years of renewing leases, they were going to try charging me almost $1000 a month for that dumpy, little apartment. I said screw that, if I’m paying that much every month it may as well be a mortgage. Landlording truly is exploitive and predatory.

[@Smonserratm]

Imagine how bad landlords are that even Adam Smith despised them and called them parasites

[@l3dge_itg4m3r9]

This is the fundamental difference between classical economics which promoted freeing the economy from unproductive overhead rent-seekers (not just landlords, monopolies etc.), and the watered down chicago school pro-landlord, pro-rentier economics taught nearly everwhere today. Marx is considered by many the last great classical economist and he was expanding on the works of his predecessors. I highly highly recommend checking out the economist Michael Hudson and his work if you're interested.

[@MrCmon113]

I think he meant specifically land though, not necessarily houses. And especially land that's not even prepared in a special way, like forests.

[@l3dge_itg4m3r9]

@@MrCmon113 Yes, a forest can be called a 'natural monopoly'. Therefore anyone that wants to use this unimproved land in any productive capacity must now pay the landlord, creating price overhead. The landlord has not contributed to the productive process in any way yet seeks a portion of the profits. All the landlord has done is inherit the land. This can be extended to a modern day landlord seeking rent on an asset that he doesn't maintain and hasn't built himself. You also have to consider that even if he did build it himself, the real price/cost of construction is paid off much sooner. It becomes a monopoly once the 'real' costs of production/maintenance are exceeded. You can imagine how bloated and anti-worker our economies are once you add in the current financial class that extracts rents on their financial claims.

[@MrARock001]

Imagine if, everyday, someone showed up to your local grocery store the minute it opened, bought everything in the store, carted it off to a warehouse, and told you that you could buy those same groceries from them now, at a 50% markup. The grocery store shrugs. This is perfectly legal, they say. This is the rental class.

[@caseyedwards5161]

That's exactly what grocery stores do now - they buy from a distributor who paid a farmer pennies for produce. They repackage it, ship it out, and sell it and huge markups. The grocery store didn't produce anything it sells (except for internal bakeries, but even then it's not like they grew the wheat).

[@icemike1]

They do

[@Daltastar2012]

This already happened with toilet paper how are you certain it will not happen again?

[@kevinstfort]

@@caseyedwards5161 fair point

[@EarlHayward]

@@caseyedwards5161 Except, the profit margin and return on assets / return on investment for grocery stores is almost the lowest of any industry (the lowest being oil/gas). What is your alternative solution? Do the grocery stores operate without a profit? If you bothered to analyze the supply chain to understand the farmers (and grew up on a farm), you would know that the crops have to be processed and packaged by distributions centers that farmers contract with, then shipped to distribution centers for the grocery stores, then stocked at the grocery store where you ultimately purchase the produce/meat. Feel free to help the people, and the economy, with any better solution you might have!

[@X1erra]

It dawned on me when the term "Passive income" was coined, there's a very real possibility it came from rent. Then I realized through rationalizing things... That's real estate. That's how the rich got their money. That's what the person giving you a tour of the house / apartment really is, or even just the middleman (agent). They are the landlord and they are the ones chilling on their homes while you do all the work. When I read about the poor man winning the lottery story, the dots connect, and I finally understand what separates us from the rich. The rich... leech from us. That understanding... actually got me to deep depression, until I try to cope to this day by working while living in my parents' house. I'm just glad I have any house at this point, and I hope for all the landlords out there to treat your renters like family. Every little kindness goes a long way, especially in this case.

[@MrCmon113]

No, the somewhat wealthy leech from you. To get properly rich, you have to actually provide some novel service.

[@jjjjjjjjkigghh8662]

Oh really? They have to provide a novel service? What does Ivanka do? What do the Waltons do (Sam was the only innovator)

[@jjjjjjjjkigghh8662]

It’s all about ownership of assets

[@TimBorg]

I bought a cheapest house in my country in the middle of nowhere to avoid having to pay rent ever again

[@rodrigodemiguellamminen5244]

An almost 19 minute video that can easily be summed up in 1 word: yes

[@SecondThought]

The 19 minutes are to help you articulate why

[@joshuahafer]

@@SecondThought the thumb nail question is the negation of the title of the video. Making yes/no confusing.

[@Calisthenics-boy]

No we don’t

[@KatharineOsborne]

I currently pay 78% of my income on rent (used to have a higher income). Don’t want to move as my landlady is of the chill variety and only raised rent once very modestly in 8 years I’ve lived here. It’s a hassle moving but I’m more worried about renting someplace that raises the rent every 6 months by 20%, which I’ve had before.

[@lopoa126]

My income took a big hit during COVID. I don't make 3x-4x rent that places require, so I don't have the option to move. Rent going up $100+ each year is crushing tho. Only once is amazing. Moving is so hard with two cats (finding a place to rent, not the actually moving process).

[@Ascend777]

That's the "free market" for you. It never met demand. The hoarders control all the supplies.

[@Yesnog05]

Landlords were the reason why I lived with my parents when I graduated from college and why one of my favorite Japanese restaurants for the past 20+ years closed permanently. Landlords are the scourge in today's society

[@Ar1AnX1x]

why pay most of what you earn to rent a place? it just seems like a huge waste of money, specially considering how expensive everything is today.

[@wyrdler]

They are people acting rationally (and very selfishly)within the system as it exists. It is the system which is a scourge on humanity and all of the earth. It came to be in its present form by accident, likely without any individual or group of masterminds designing it to destroy everything. As individuals we are all victim to it in some way, including the landlord who is so isolated with their position in the system that they are driven to impose terrible conditions on other people.

[@blazedorange]

Wait, so you would have purchased a home if there werent people who rented their homes?

[@Yesnog05]

@@Ar1AnX1x No, my rent was fine and I was able to live comfortably until my landlord notified me that he was going to raise my rent

[@Placeholder476]

Just go and buy your own property. And if you ever buy another property for any reason, don't you dare rent one of them. That would be as evil as a farmer charging for food that was grown by nature.

[@Placeholder476]

In NY, there is a program called ERAP. If a tenant applies for it, they can not be evicted. After applying for ERAP, they cannot be evicted even if they start tearing out the walls, moving in the local drug dealers, raising broods of pitbulls where no pets are allowed, driving out their neighbors with rude or dangerous disruptions of the peace. In this situation, the landlord is bound by law to continue paying the mortgage, continue paying the utility bills, the property tax, the school tax, the maintenance, and so on. The landlord cannot sell the property because owning this property how costs money. Rents would not increase for good tenants if scumbag tenants didn't exist. Also, you said that landlords don't produce something of value. News to me. In the community there are abandoned houses. Renters don't buy them, fix them up and live in them. They just sit there and rot while providing housing for rats and great cover for rape, murder, and so on. Along comes a landlord to buy the place. Fix it up. Pay property tax and school tax so that we can have roads, traffic signals, and schools. He provides the house for a fee to someone who does not want or cannot afford a house. The renter and the landlord arrive at a contractual agreement by mutual consent. Each gives something and each gets something, that's how societies work. 01:53 If you think that landlords don't work and create value, that is your own lack of experience misleading you. I do repairs. I risk what I worked hard to accumulate. I maintain properties in good order, at my cost, and provide them to those to want to rent them -- forgive me for offsetting my cost by taking rent. Are you also against people who rent tools? Are those who rent out jet-skis also evil? Do you fault the farmer because he charges for what nature grew? Because evil farmers should not charge for a necessity like food, that's just plain wrong. I love your other videos. You could call me a fan as I subscribed a long time ago and watched many of your videos. In this one, you went astray. By accusing landlords of profiting for no work and no contribution, you can simply, by extension condemn anyone that puts capital to work, no how meager that capital is and no matter how hard they worked to earn that capital. If a child works hard to buy a bike, god forbid he ever rents it to a child that doesn't have one, damn that kid for profiting on their wealth. But if they lend their bike freely, and then have no funds to fix it when it breaks, well, good and righteous kid yeah? No. Immature and/or irresponsible kid that has a lot to learn. I call BS this time. Sorry. I am poor. I worked my ass off to save money. I'm still poor. I took my savings and purchased property because rich man investments are off-limits to me. What should I have done? Sit on my savings while inflation reduces said savings every year? I invested in and contributed to my community. Should I have invested in international oil company stocks instead? Capitalism is horrible. It's killing our world. That said, it is the physics of the society we live in. Your video would make more sense if you just told us to vote against Capitalism by burning whatever money we've earned and whatever property we earned and just move into a commune. Great ideal, but not practical.

[@Weromano]

Your comparison of landlords to scalpers is great!

[@Kasadoll]

At least scalpers have to put in the work unlike landlords

[@mixedbagclips2511]

@@Kasadoll Yeah because money grows in trees and people don’t work for decades and save to be able to buy a house… they are just evil people… should they face a firing squad or what?

[@lorrygoth]

My grandparents are technically landlords because my mom and sibling could never afford a house, but I get that they are an exception because they aren't actually profiting off of us. Also my grandpa literally designed and built our house on what was part of their feild.

[@CampingforCool41]

If they are family and aren’t profiting at all, they aren’t “landlords” in any meaningful way. They aren’t what this video is about.

[@thejubieexperience]

Sounds like a solid guy. I've seen this a lot these days. A majority of my neighbors have family living in an RV on their properties because rent is way too expensive

[@tospsy]

Would my parents who rent out one property and 2 cabins on their main property?

[@minihunt4093]

@@tospsy yeeep.

[@commentsection6460]

You are one out of millions, situations are different. In the long run, profit is the goal. Rent increases while wages stagnant. And we all know that.

[@nocreothatyoumichechtentie1492]

I know hundreds of landlords and work with them on a daily basis. I’ve not watched the video yet but what always upsets me is that very few actually reinvest money into their buildings in order to maintain the value of the buildings and make life better for people renting. There are some that don’t overcharge and actually take care of stuff when problems occur. I think those landlords are pretty good actually. Just sucking money out of it sucks.

[@kamielheeres8687]

That's because it's the land the building stands on that holds most of the value. They could buldoze the building and still rent out the bare patch of land.

[@retropotatoe]

That’s the problem , using it as a vehicle for investment is what keeps people away from owning anything and always renting.

[@Ezete99]

That is because in the end is their house and they can use the money whatever they want. And easy fix is just..... give the house to the people that live in there. I know, crazy stuff. Then, the owners can decide to fix the house and don't have to depend on the good will of someone who profits of your existance

[@hamad4831]

Dont agree as someone who owns a rental property we have state laws that make us reinvest plus we pay property taxes. Also if a landlord is not renovating enough it will be harder for them to find tenants. Tenants want a good place to live or they will move out.

[@daytonmargramarnsom1641]

Well as you see from the disclaimer at the start, it’s not about individual landlords. It’s about landlordism existing in the first place. A power structure is only as good as its worst possible use. Using that logic we see how awful landlordism is

[@DavidBrendan7799]

I moved in to help my mom, who has a disability. Her lease is fixed, never heard of a fixed lease before. Long story short, the landlord didn't approve me living here, and gave my mother an ultimatum. Kick me out, or we both have to leave. WTAF? We could fight it, but my mother just can't and isn't up for that. So, I have to leave and leave my mother vulnerable. This is crazy! Fixed term lease? What happened to year to year!? Landlords can be evil, in fact.

[@stevenboelke6661]

Apparently in Korea, you can usually pay the rent all upfront and they GIVE IT BACK at the end of the rental period. The landlords invest the money (which is insured), so the renter is only paying rent with opprotunity cost.

[@saulgoodman2018]

SO how do they make a profit if they give it back?

[@p3u3g3poultree7]

@@saulgoodman2018 There are lots of ways to make money as a landlord. The asset they own is increasing in value which allows for leveraging. The structure of landlords is a bigger issue than the landlord themselves.

[@leftykeys6944]

Cutting out the middle man seems to be the bottom line whether you're talking about housing, healthcare or other life's necessities.

[@K0msur]

I'm so thankful that my parents let me live with them until I was 25, barely charged me any rent at all (£200 a month) and bought all the food and paid all the bills so I could skip renting altogether. I'm nearly 1 year into home ownership and I still count my blessings from my parents that it was even possible, BUT the house was/is a total wreck, the landlord that owned this place previously let it fall apart and didn't modernise it at all (not even putting in double glazing), I've managed to reclaim 2 full rooms and half of another two rooms, sinking so much into this place, I really do feel for people who are unable to skip renting it makes me sad.

[@randomthings1293]

Your own parents asked you a rent and you consider to be a blessing the fact that they didn't charge you more? Sorry dude, but that's... F*ked up.

[@sidimightbe]

That’s what parents are supposed to do but nah kicking them out at 18 is trendy

[@bettykelly7565]

Thanks!

[@erikhendrickson59]

Instead of just vicariously paying our landlord's mortgage by paying our "rent," _NOW_ we also get to pay for the mortgage on his vacation home as well! Neat, huh!?

[@popsab25]

I live in social housing and I can tell you that, at least where I live, both the building I live in and the other social housing I've visited before are the only buildings/appartments I've seen in my entire life that conform to all legal norms I've ever heard about. Yet the right keeps saying that big government is bad and the State does everything wrong and we should privatize everything

[@rjvowels]

Comparing a landlord to a parasite! Yeeessss!!!! That's absolutely what they are!!!!! Some of the worst people I've ever met were landlords!!!!!

[@Daltastar2012]

Landlords do not deserve respect why should we even give them the time of day 😪

[@MrCmon113]

It's the circle of life, bro. You guys work, we guys spend the money. It's like husband and wife.

[@MrCmon113]

@@Daltastar2012 I don't need the respect of rent serfs, just their money.

[@Daltastar2012]

@@MrCmon113 lol awesome if real life lords even had half of the swag you do they yea I'd be happy to serve and be a serf to a lord as cool as you. .if only any irl people could be as cool as you there would be no need for any uprisings

[@Xenibalt]

i've been evicted so many times without an eviction notice "we are doing renovations, so you have to move out" (when can i move back in? the answer is never) "ok every year your rent increases by 100$" ... sooo year 1 is 700$/month(1brm apart) then year 3 its 1000 and year 5 its 1200? sound sustainable(then you find out that after you leave, the apartment is back at 1000/mo and you arent allowed to reapply) living with roomates in a basement RN ... my wages never increase but my bills do poor AF but im a canadian construction worker who builds other people home

[@black4vcobra]

C'mon man, you gotta give a bit of the flipside to the landlord argument. Where should people live who don't have a parent to live with (or won't) and can't yet afford to buy (or don't want to buy). The usual answer is renting. If I own 2 houses, shouldn't I be able to charge someone else to live at one of my houses or charge them to live in a room at the house I live in? What about if I accept a 1 year employment contract in a city that is far from my current location? Renting for 1 year is a better idea than buying even if I could afford to buy. You mentioned free/low cost housing but who is going to foot that bill? Local governments? State governments? Federal government? We know the federal government is beyond broke, most states have tough budgets and many cities do as well. The city I lived in until 2 weeks ago, Madison, WI, is committed to building a lot of section 8 and/or low income apartments and those apartment complexes end up hurting the community as the police are there close to everyday. Not to mention the fact that these apartments end up trashed within a few years as people don't give a shit about property that isn't their own ESPECIALLY if they don't have to pay to rent it or pay for the damages. If you need further proof that low/no cost housing doesn't work on a large scale, look at Cabrini Green, Robert Taylor Homes or Pruit-Igoe. Now most cities don't build high rise public housing anymore but even the smaller scale housing complexes still have plenty of problems. In this day and age in this country renting is simply a necessary evil and (mostly) depending on location, it can range from relatively painless to completely awful. As far as landlords making $97k a year. I see your link references the US Census but following the link in your article gives no indication that is what landlords make. I'd like to know if that is gross or net income from rentals or if that is the income from another job in addition to their rental income. Even a landlord who owns a property free and clear is still going to have property taxes and maintenance to pay for. I can't imagine that a local guy who owns a couple townhouses would make anywhere close to $97k (after expenses) in rental income even if he didn't have a mortgage on them. This doesn't even take into account the risk that landlords take regarding their properties possibly being trashed or the rent moratorium where, regardless of ability to pay, many tenants simply got to live for free. Yes they owed backrent afterwards but the majority of landlords will never see that backrent get paid as your can't get blood from a turnip. For the record, I do believe there should be local control of rental properties. If an out of state property company owns an apartment complex, there should be a local representative that can address concerns and has the authority to implement needed changes. I know this is not always the case though.

[@mechanomics2649]

If you want to charge someone living in one of your houses, sell the house. Social or government housing would solve the scenario where people who don't have a parent to live with nor can afford to buy. The reason they can't afford to buy is people buying up houses and renting them. You need one home, you do not need two or more. There is no "flipside".

[@ixultros6704]

@@mechanomics2649 then he needs to pay a transaction tax

[@EarlHayward]

I had the same thought on the $97k per year. That appears to be the number for the average small business owner; of the 35 million small businesses in the US, only 5 million have employees and are more of a traditional (active) income business, the other 30 million are entities that hold properties or are setup for self-employed contract/freelance people. Also, I am pretty sure most states require a local agent if the property owner is not a resident of the state. I know of at least a dozen states with that requirement, and never have found a state without such a requirement. Not to mention, rental property owners are taxed on the rental income, and property taxes are assessed at higher rates by the county based on state regulations. Also, people seem to ignore the fact that property values do not always increase - in some areas, and sometimes the market as a whole, the property value can decrease... And, not the renter who takes the hit.

[@CapnSnackbeard]

Thank you for being one of the vanishingly few good political youtube channels

[@TheMightyShell]

Second Thought has earned so many points from me for being the first KZbinr I've seen cover this subject recently. Unfortunately my made up points don't contribute to credit score

[@centerofstar]

I have a best friend who decided to rent a basement to live independently from his parents. The irony is that his landlord is very controlling and won't let him do much around the house and just as trapped as living with parents

[@keropi193]

Yikes. And instead of keeping wealth in the family I guess he is stuck building the landlords wealth.

[@centerofstar]

@@keropi193 yep, though my friend do have an option to move back to his parents house if things doesn't work out. Hopefully

[@kent_moore]

I imagine part of that is peer pressure. That's one reason I hate the cliched internet insult "lives in mommy's basement." In lots of other cultures it's common for multiple generations to live in the same house but for some reason you're considered a loser in the states if you do.

[@sidharthcs2110]

@@kent_moore I'm 24 and employed , still live with my parents because it's not a strange thing in our culture

[@EfeBuyuran]

My family had a few houses so I never had to think about rent before I had some friends who had to pay for housing their entire lives. At first, I found it hard to believe. And to be honest, I still can’t wrap my head around for a family not owning a house they can’t call their own. And for a society, to think that’s normal.

[@user-em6ie2be7x]

A solution to this is Collective Buying, a tactic where everyone in the apartment can band their money together, & just buy the apartment complex from The Landlord outright, moble home parks have done this to avoid being forced out or made to pay high rent.

[@Lawrence330]

My parents live in a modular park (like upscale mobile homes). The property was sold to another company last year, and I was extremely disappointed that residents didn't have the right of first refusal to form a collective and self-manage. They own the homes, but rent the lots. The problem is that it is incredibly expensive to move an older home once it is installed on site, so if you can't sell, you just keep paying the rent OR abandon the home and all of your "equity" is gone. Plus, the homes themselves don't appreciate, it's more like living in a car. They become more worthless year after year and replacement parts are hard to come by. Doors and windows are non-standard sizes and often unavailable at local home centers. So you're stuck living in a depreciating money pit in a neighborhood that you can't afford to leave in a house you can't sell, and you're probably paying more money than you would if you had just bought a "proper" house 20 years ago.

[@devinkipp4344]

SOOO a condo? Also that's how you get HOAs and really strict stupid rules, I'm good.

[@CarrotConsumer]

I would hate to own anything collectively. The drama would be insane.

[@1LaOriental]

I know what it's like to be homeless. I have not been destitute. I have had to move 12 times in the last 22 years basically couch surfing... Five of those moves occurred within a year. I had to put most of my stuff in storage and just kept basic things. Last fall, I was told I had to move again. I planned on buying a condo. After searching for a while-and I have really good credit-I gave up, realizing it is too expensive and I was concerned about getting into a financial trap . I'm renting again and the situation is not good... What are we supposed to do? Everyone pays lip service and nothing ever gets done. It's by design, folks. I

[@raven_g6667]

I talk all the time about how landlords are crooks and ppl always say "my landlord is cool" and that absolutely isn't the point. My landlord is fine too but in my eyes, he's useless.

[@daytonmargramarnsom1641]

Yeah it’s so hard to get people to look at anything outside of their individualized personal experience. That’s what toxic individualism does to a mf

[@solorsix]

You should purchase your own home then. Then you will see the many facets of home ownership. Both good and bad. Whom do you suggest own the home you rent if not him?

[@chihirostargazer6573]

@@solorsix How many times must people hear this to understand.... NOT EVERYONE CAN BUY A HOUSE. For one reason or another. Especially with the price of housing the way it is... many people don't have the money for a down payment. All rentals should be though the government with profits going to maintain those properties, because owning more property than you personally need and renting to someone is parasitic and exploitative.

[@willieverusethis]

@@solorsix Watch the video.

[@solorsix]

@@chihirostargazer6573 Oh I understand completely. I have lived it. Clawed and scratched my whole way. The government would make the situation worse by what you describe. You are probably aware the government already has programs for housing and borrower assistance that include too little of down payments if we are being honest.

[@victorc1421]

I'm a property manager for an owner of several units/properties here in New Mexico. She's one of the good landlords, generous, compassionate, at times more than I am. That being said, there is still an underlining...greediness. It's difficult to describe. She's one of the best bosses I've ever had, but... all of these properties are an investment, she's amassing great wealth. She's not providing housing out of the goodness of her heart. It's really difficult to cast her in the light of a greedy landlord. She's a mentor, someone that is patient and kind. But, when we've had conversations about empty units or my salary, I sober up and realize...it's all about $$$$!

[@Kasadoll]

No such thing as a "good" landlord. Your collective existence makes it much harder for people to obtain homes, and your wealth prices most regular people out of home ownership. Landlords are a useless middleman who extracts wealth from people looking for homes

[@humanwithaplaylist]

She's not generous then. She's just capitalist filth like the rest

[@aurograce2983]

Yes, because it is a business. Making money is the purpose.

[@ebutuoy5088]

Oh you thought she was running a charity non-profit oh....

[@Matt-zk8qh]

Sorry but this is a pretty dumb comment. You're surprised that a landlord "doesn't provide housing out of the kindness of her heart"?Yeah no s***... And she DOESN'T provide housing does she? At no point has she provided a house, she WITHHOLDS housing from the market, by taking more houses than she needs (again, greed), holding shelter/a home to ransom, and only relinquishing it for it's intended purpose (someone to live in it) in exchange for overinflated rent. She has actively sought out an essential resource so she can contractually oblige other people to go to work each month and then give a huge chunk of the money that THEY earned to HER.. She then pays little minions like you to ensure she doesn't actually have to do any labour. She is by all definitions a parasite and if she had a moral compass, empathy, or a sense of social obligation she wouldn't be a landlord.. it's not hard to be a landlord if you have the money you know, it's just that most people don't have it in them to take from others what is so unambiguously not theirs to take. Being a landlord is the dream of a heartless greedy freak.

[@laslosalsa]

I really enjoy your content and was going to sign up to nebula, but the only payment method (I could find) is via credit card. Here in Europe it's far less common to have one, and I think you should consider adding alternative methods, so people like me that don't have a credit card can join :)

[@tarabooartarmy3654]

I’ve had some horrible landlords, and a few real gems. The bad experiences really make the few good ones stand out. I don’t have a problem with landlords that make a fair profit and provide a fair service (where things are repaired when needed and without too many restrictions). I do have a problem with the ones who try to squeeze every possible dime out of their renters and make people homeless if people refuse to pay the ridiculous rent increases. Like the people who own mobile homes but rent the lots they sit on… landlords can raise the rent to anything they want and if the owners don’t pay, the landlord can take their homes away. It’s disgusting behavior. Parasitic. Evil.

[@Celis.C]

Calling landlords scalpers is the most accurate description I've heard yet. Thank you very much for this video! PS: what are the payment options for Nebula and CuriosityStream? There's sadly no pages showing what ways I can pay for it with.

[@hotxed]

A landlord is like a scalper, realest comparacion that i have ever heard

[@Javan6475]

I just want affordable housing to rent, (or preferably own, but that's a funny concept 🤪🤣), but I guess this video will be a little something to take the edge off

[@thevictor180]

You want affordable housing? What are you, some commie?

[@whythelongface64]

Everybody wants to own their house, with socialist housing, you pay maintenance fee and electricity and water bill

[@Javan6475]

@Zaydan Naufal bro, I studied Urban Planning for 6 years 😂 thanks for the comments though! #AbolishLandlords

[@eyyy2271]

Take a look a Not Just Bikes or Alan Fisher

[@Lawrence330]

@Zaydan Naufal I can't speak for landlords and don't intend to join their ranks, but I personally am a huge fan of suburbs. I have anxiety and hate close neighbors and urban density. I don't like sharing a wall with my neighbors, and I like being able to crank my guitar without worrying about getting a call from the neighbor, the landlord, or the police. I also do a lot of projects. woodworking, welding, electronics projects, and these require a lot of space. This type of elbow room would be VERY expensive downtown, which is prohibitive for an aspiring business owner who would rather invest that capital into raw materials than real estate. For some people, perhaps most, denser urban accommodations would be a godsend, though. I think that we can do both without needlessly vilifying either. I don't like buses, but I like light rail. I think more streets need sidewalks, and I like bikes but think that people who ride them often misuse them (rules of the road apply to everyone, not just people in cars). I'd like to believe that there is an acceptable mix of urban and suburban living that benefits everyone.

[@RedShipsofSpainAgain]

Their "job" title LITERALLY has the word "lord" in it, referring to the old Medieval times of serfs and lords. So yes. Yes they really are that bad.

[@DarthTingleBinks]

When we've moved so far beyond feudalism that we've returned to feudalism, there's something wrong.

[@Ry-sx4lp]

I thought that too. It's archaic and outdated.

[@mixedbagclips2511]

@@bellmattwebb Exactly, according to the comment section my grandma who worked her ass for decades “did nothing” to buy her house… some people here are as blind and insane as the ones they critique….

[@DarthTingleBinks]

@@mixedbagclips2511 It's not that she did nothing to buy her house, it's that land lords don't inherently help other people find affordable living situations. It's entirely possible she was a better land lord than most, but land lords in general have no reason for being a thing. We're not attacking the individual, but the "job".

[@DarthTingleBinks]

@@bellmattwebb Sure, but generalizations and stereotypes have a basis for existing. There wouldn't be a stereotype that black people love chicken if it wasn't true that most black people love chicken. Some black people don't love it, most do. Some land lords are extremely helpful, most are a detriment to society.

[@johnnytownsend4204]

Just watched an episode of "Tatort: Streets of Berlin" tonight (Season 1, episode 13), titled "No Place Like Home," filmed in 2021 (lots of characters wearing COVID masks), all about evictions and the many ways landlords can get around the laws to evict tenants who pay on time.

[@Westronaut]

The best experience I've had with a landlord was when the landlord was the property owner, the super, and local. Suffice to say I don't think a person renting out property is the problem at large. Corporate landlords who never interact with the renters and provide no tangible improvements/reasons for increasing rent are.

[@g0d5m15t4k3]

This.

[@o0laieta0o]

Exactly 💯

[@lonestarr1490]

The worst experience I've had with a landlord was when the landlord was the property owner and lived in the same house. The harassment was nearly constant and she tried to squeeze additional money out of me wherever she could. At one point she tried to claim there are two people living in my 20 qm flat, because my (now ex) girlfriend used to visit me from time to time. So, I guarantee you: no matter if investment company or local landlord, it can easily go sideways either way. It may happen more frequently in the former case, because it's basically organized crime, but you're far from save from it in the latter case either.

[@amihart9269]

Nah, landlords who provide a service are still horrible. It is just basic economics. You cannot create a small business to "create land," land is not a reproducible commodity, its supply is fixed, but demand for housing is always increasing as more people are born or move to the cities. So this means price always goes up, and this has no relevance to whether or not they provide a service. My landlord does provide services, but their services do not change from year to year, yet my rent goes up every year. It makes no sense to try and justify this, you're basically saying that landlords extracting immense wealth from people without doing any labor and contributing anything to society is justified as long as they also do a little bit of labor as well. So in your mind if 1% of your rent goes to paying for the services landlords provide and 99% just goes into their pocket and contributes nothing, then you think those landlords aren't "part of the problem." Absurd.

[@o0laieta0o]

@@amihart9269 you seem to believe that the costs of owning a house do noy go up every year. Property taxes go up, repair services go up, material costs go up... Your example of 99% going to their pocket is just the most ridiculous I've ever seen.

[@PraveenSrJ01]

I’m watching this video while my 61 year old mom is buying groceries at the Indian shop. Rent is ridiculously high all throughout the United States 🇺🇸 and it is hard to find a one bedroom apartment anywhere for under $1,000. I’m so glad I live at home in a big house 🏡 with my family. We are blessed even though I have my own problems such as lack of social skills and a speech 🎤 impediment.

[@Daltastar2012]

There is your problem.... United States 🇺🇸 yhea they won't help you

[@comment514]

Blame that on housing shortages

[@delilahj2592]

@@comment514 There is only a shortage because of landlords.

[@comment514]

@@delilahj2592 Or maybe it’s shitty planning that’s the problem? Don’t expect many people to be able to afford to buy an apartment

[@ayeflippum]

*PraveenSriram* You don't have a lack of social skills. What you have is a fear of pain and a lack of self-love. Gather some courage and get out there.