Conversation
Notices
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@genmaicha @SehrLesbisch
> see evil landlords rent out apartments for more than its worth
> build apartments in the same area
> rent it out for 1% less, still more than its worth but cheaper than landlord
> get all the renters because of better prices
delightfully devilish, hope nobody else has the same idea
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@kaia @SehrLesbisch @genmaicha so a landlord sells it at market price, the new buyer is now acting ethical renting it out for the same rent as before?
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@lain @SehrLesbisch @genmaicha
if it was Minecraft and there was infinite land I'd agree. but current landlords bought in 1994 when it cost 12 Eurobucks to buy an apartment, while now it's 42.
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@lain @/SehrLesbisch@chaos.social @genmaicha if you can't afford to buy/build a house and you don't want to rent a house someone DID pay for, then go to alaska and homestead or something I guess
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@Moon @genmaicha i mean, there are very real reasons why supply is not forthcoming in so many cities, like insane zoning laws or general nimbyism. I know in berlin, a city with sky high rents, nobody builds new housing because it's a bad investment even with the high prices, as you never know what new rule you'll have to follow as a landlord and what new taxes you'll have to pay.