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Cake day: September 29th, 2023

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  • Doesn’t that ultimately punish not the company, but anyone who lent money or sold material to the company? Usually assets would be liquidated to pay off creditors but if all the assets go to employees creditors don’t get paid. This really hurts all the small businesses who sold supplies or materials to the company and haven’t been paid for them yet.

    And of course, this all ignores the fact that for most companies most of their valuation is in their intellectual property, mainly their brand identity and recognition. And for manufacturing company’s, even most of the tangible assets are going to be things like factory buildings and equipment. Those things are all highly specialized so it’s very difficult to get someone else to come in and use that space to the same level of productivity. That will result in major damage to the local economy when a huge source of tax revenue and jobs suddenly disappears.

    I’m not saying all this because I think companies should get away with whatever they want. Not at all. I just want to give some context for why these “obvious solutions” aren’t being used. It’s not that the entire world is in some conspiracy. Many of these problems are legitimately very difficult to solve.



  • I think a big component of the problem is location. I may have a different perspective living in a low cost of living city. Just a few years ago I lived in a two bedroom apartment that was $650/mo. It was old and not very nice, but totally functional and reasonably safe. It was a bigger complex so the landlord was a management company. They weren’t amazing or anything, but they held up their end of the lease. I understand the situation somewhere like NYC or California is going to be radically different.

    I think that’s where a really interesting question comes in though, do people have a right to housing? Or a right to housing in the place they’re currently living? It’s a big difference. Forcibly relocating people is… Problematic at best. But there are places like LA where it’s almost physically (geologically) impossible to build enough housing for everyone who wants to live there.

    If you haven’t already I’d recommend listening to the podcast mini series “according to need” by 99 percent invisible. I really appreciated the perspective it offers into some of the practical challenges of trying to get homeless people housed.

    Ultimately I don’t know that I’d call housing a “right”, purely for semantic reasons, but I do think the very existence of homelessness and housing insecurity is a devastating critique of our social and economic systems. I didn’t think we’ll ever have a system that completely eliminates renting/short term housing, but we do clearly need to change a lot of things about how housing works now.




  • I’d be willing to bet you bought at least a few years ago, and probably couldn’t afford the house you’re in now if you had to buy it today. I’m in a similar spot. It definitely feels wrong. The rapid increase in prices in the housing market in the past few years is ridiculous. I think it’s a lot more complicated than “landlords” though. I think a lot of the issue stems from restrictive zoning that prevents the construction of small homes in dense neighborhoods. A lack of respect for trade jobs also contributes, with massive shortages of skilled construction workers driving prices up.

    Granted, I live in a relatively affordable smaller city. If I were in a city with a lot of real estate speculation like LA or Toronto I might feel differently. But speculators aren’t landlords. I have a much bigger beef with a speculator who let’s a house sit empty than a landlord renting out apartments.


  • eclectic_electron@sh.itjust.workstoMemes@lemmy.mlRent is Robbery
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    11 months ago

    Landlords take on risk. For example, when I rented an apartment, I came home one day to a plumbing disaster. I called emergency maintenance and left. The landlord fixed it and paid for my hotel in the meantime. As a home owner now, that would be entirely on me to figure out. I’m pretty handy, but I have no disrespect for someone who doesn’t want to be responsible for that.

    More importantly, selling a house costs about 10% of the value of the house, and the first few years of a mortgage you’re mostly paying interest. If you move every 3 years, it’s actually cheaper to rent than to buy. It’s just that your money is going to a landlord instead of to banks and realtors.

    So while I see your argument that landlords don’t “deserve” the money they make, practically they’re an important part of the housing market, and I respect people who make an informed decision to rent.






  • People aren’t comparing it to alternatives, they’re comparing it to Google 5-10 years ago.

    Google used to be astoundingly good at figuring out what it was you wanted, and finding out for you. Now there’s a lot more SEO garbage and meaningless fluff clogging every results page, and if your search could even remotely be related to buying something, it’s only products and ads.