LogFAQs > #944347859

Here is the deal housing should be a human right. The housing market in the US is in complete shambles and overrun by big investment companies who bought up everyone's fore-closed houses from the banks after the financial crisis. They were able to get them for cheap and are now renting them out essentially leeching money from society.

Rental prices drive property values which drive property tax assessments not the other way around. So when landlords try to say oh but we HAVE to raise rents because PROPERTY TAX is so high they are completely full of s*** because if they stopped raising rents, property tax would remain low.

If you have an apartment building, the value of this building is based on expected future rents. If rents continue skyrocketing, your apartment becomes more valuable because you can expect to collect more in rent. And then if your property is more valuable your property tax assessment goes up since it's based on how much your property is valued.

The most hilarious part is capitalism was never intended to have landlords around. It's been qualified as rent-seeking and parasitic since Adam Smith, and continues to be accurately viewed as corrosive to the economy by economists today. When even capitalist cheerleaders are calling your s*** exploitative, it says something.


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No Venezuelan fishermen ever called me a Bernie Bro.