Quote from: RE on Jan 16, 2024, 06:03 AM

Quote from: K-Dog on Jan 16, 2024, 04:02 AM

Quote from: RE on Jan 14, 2024, 12:42 PM

Quote from: 18hammers on Jan 14, 2024, 11:53 AMAll the above is true but consider this, who would want to own and rent out a home, the idea of doing that is for those without experience in how the system works.

I never said anybody wanted to rent out private homes, only that they can't afford mortgages.  The people renting them out are banks trying to get some revenue while they look for a qualified buyer, or Hedge Funds who bought delinquent mortgages from the banks.  In any case, those private home rentals don't address the affordable housing problem, they rent out at too high a price.

RE

Court costs, time, 3 month rent, and a property that you need to spend thousands getting it into rent-able condition.  Yes only a big player can afford to do that.  A cost of business big players want reduced.  Expect the ability of an owner to evict to become easier with time.  Big players have the money to sponsor a Republican or Democrat and change the law to suit their needs.  Ma and Pa could not do that.

Not entirely true.  Brian is a small time, non-corporate slumlord with a dozen McHovels in Seattle and 1 here in Alaska that he rents out.  That's his retirement income.

RE

And Brian can't afford the headache of a bad renter.  You make my point.  Brian has zero political influence. 

Brian's rentals are the result of him investing his own money and getting a reasonable rate of return for it.  If he is careful and gets good renters, and he keeps the properties up, it is a good system.  Brian's is the only form of rental arrangement we should allow.  Brian's rentals are on the edge of what is considered personal vs. private property.  If there is a problem with a rental, Brian responds quickly to make things right.

A cap on rental income (before it gets a 100% tax) would currently be about 100K, it would be tied to average income.
100K being on the high end of average income.  The system would be heavily regulated to make sure it provides retirement income and nothing else, and housing meets standards.  Regulated to make it fair for all.

A dozen units is pushing it.  Money begins to make all decisions and money goes for short term profit.  By itself money will not keep properties up.  That requires humanity intelligence and work.  Can Brian respond well to a dozen?

Quotewho would want to own and rent out a home

describes my situation.  My part time job, replaces the actual work (fixing shit) of being a landlord, and the income it gives is on par with what a well regulated rental market would provide.