854
L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
this post was submitted on 09 Jun 2024
854 points (98.4% liked)
News
23294 readers
4155 users here now
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.
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
Guess he should have been doing that. And maybe she should have been somewhat aware of their financial situation. It sounds like your mom is a product of her own poor decisions.
She's doing fine as a landlord, thank you
Well, at least until legislation like this comes to where she’s at, at least. Then the free ride will be over.
It's not a "free" ride, it's her life savings
The reason why she was involved with real estate is the beneficial tax treatment for capital gains when selling
The government encourages investment into real estate in the first place
So she had money to buy real estate but not put in a retirement fund, ok. It also doesn’t sound like “her life savings” as much as it is someone else’s income in the form of rent.
This just circles all the way back to the comment you originally replied to. It’s difficult to be sympathetic to somebody who retires and lives off of somebody else’s hard earned money, as opposed to the person who retires and lives off their own hard earned money.
You’re describing a woman who has lived her entire life on somebody else’s dime and will continue to do so, with their only measurable contribution being to you and your siblings/father. So I understand where your sympathy is coming from and that’s totally understandable. But you have to understand that trying to apply that to people outside of your family means next to nothing to anyone else but you.
She was an unpaid maid, cook, gardener for 30 years. I think she deserves to retire at 65
You’re avoiding the question. Where did this “life savings” money come from that it wasn’t income for either your mom or your dad? The things you’re saying don’t add up at all.
Taking care of the children you chose to have and doing chores that literally everyone on the planet has to do is not deserving of some special consideration or award. I’m an unpaid maid, cook, and gardener too, as well as an unpaid electrician and plumber when necessary, and then I also have to go to work full time. In doing so I will retire using my own hard earned money, not someone else’s. Your mom worked half as hard as the average adult today and she “deserves” to retire at the expense of other people? Yeah right.
If your mom’s level of labor for you was so beneficial to you and you believe so strongly that she deserves to retire, then how about you pay for her to retire? Are you not the one she did all this “unpaid” work for? It’s touching that you have so much love and respect for your mother, but once again that doesn’t mean anything to anyone else but you.
The way you’re describing this situation your mom lived a privileged life and never earned her own money and your dad didn’t consider retirement for either of them and now she somehow was gifted a bunch of money to buy real estate and live off of somebody else’s dime. You need to understand that this life path is not going to be respected by society at large. Nobody is going to tell you that you shouldn’t love and respect your own mother but you’re not convincing anyone on here to either.
She got it from the divorce settlement. Are you going to say that women should get nothing from a divorce? My dad didn't cook or clean. You're doing that for one person, my mom did the cleaning, cooking, shopping for the three of us.
And yes, I did loan my mom a lot of money for her housing construction projects. Who wouldn't? LMAO
You can invest divorce settlement money. I also cook clean and do shopping for three while working a full time job and saving for retirement. That’s just what the average adult life is now.
You literally can't put that money into a retirement fund because she has no earned income
So this money she used to buy real estate materialized out of thin air and nobody paid taxes on it?
Did she win it in a contest? Dig it out of the ground?
Divorce settlement