News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Good. Now if we could just get some legislation in place. A corporation should not be allowed to own and rent out a residential property. Price speculators have ruined the market.
I'm not sure the corporate form is the problem. The mass ownership of huge swaths of property is tho.
Maybe a maximum number of units or progressive federal tax rates on property values? It seems like there are a lot more options for legislation than the nothing we've tried so far.
Incentivizing absent landlord venture capitalists to gobble up all the property has been pretty disastrous.
Except we've not tried nothing. Tax benefits for owner occupied units (primary residences) and not for units they don't occupy exist in some jurisdictions (I'm tired, not gonna look them up). Sometimes they're in income tax, sometimes they're in property tax. They just aren't all that effective. Some jurisdictions, if your property is valued over a million, you can't take the interest on your income tax. There's a lot in there.
Good point. I shouldn't be so bleak. There are some legislative efforts.
Mostly the efforts are aimed at providing tax breaks to first time homeowners only. There's not a lot of legislative thought put toward breaking up a corporate monopoly/oligopoly of rentals, likely because (and I hate the cynical and conspiratorial thought, but really?) the aristocracy owning the REITs are the ones paying off, owning, and running for congress. Us poors can't afford it. A token legislative effort goes toward it now and then, but it has no real effect.
You want apartment buildings to be exclusively owned by a handful of billionaires? Because those take a lot of capital that most individuals don't have.
Cooperatives exist. This is how many condos work.
There should be a cap on the number of single family or duplex/triplex/quadplex/whateverplex free standing residences a commercial entity is allowed to own. Attempting to evade this cap with LLC's and shell corporations and suchlike needs to result in jail time for those responsible. You want to be a small time landlord and rent out 1 or 2, or 5 or 6 properties? Fine. But nobody needs 100. If big capital wants to do big capital things, they can build tower blocks. Isn't that what the walkable-cities-urban-utopists are always nattering on about anyway?
Homes are for homeowners to own. Not for private capital to speculate on.
Co-ops are corporations too.
But you're right about corporate ownership of small homes vs. apartment buildings.