this post was submitted on 02 Sep 2024
1598 points (99.1% liked)
Microblog Memes
5708 readers
2438 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Nothing is going to change until "landlord culture" is suppressed, and we re-adopt a "homeowner" mentality.
We need to massively raise taxes on residential property, but institute an "owner occupant" credit so actual homeowners don't pay the increase. Only landlords - people who own the property but don't live in it - will pay the increase. Residential property taxes should be the highest of all property taxes without the credit, but effective tax rate should be the lowest due to that credit. Landlords should be fighting for any way they can to convert "tenants" into "buyers", even if that means issuing private mortgages to their (former) tenants to make it happen.
What about people with short-term housing needs? People who prefer to rent rather than owning? Not a problem: "Land Contracts" work very much like rentals, but without the annual increase that always outpaces inflation. The monthly payment is fixed for the life of the agreement.
The main difference is that after three years, a land contract automatically converts to a purchase agreement, and the previous 3 years of "rent" are retroactively converted to payments on a private mortgage. You're 3 years into a 30-year mortgage.