this post was submitted on 18 Nov 2025
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Today I Learned

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[–] etchinghillside@reddthat.com 108 points 3 days ago (4 children)

We prefer to call them investment properties.

[–] Rhaedas@fedia.io 52 points 3 days ago (5 children)

And if you let people live in them they might depreciate in value. So...

[–] SendMePhotos@lemmy.world 11 points 3 days ago (1 children)

I'd love to ensure everyone has an acceptable home and access to clean water and food. It seems like we could do that.

Conversely, I've seen people's living situations and people are fucking gross. This includes home owners and non homeowners.

People get shit on and then just repeatedly shit on. I'm not sure what I would do, had I held the power. Probably let people have smaller homes and start there. Like those little mini homes? Still homes, still have housing, but limited. Earn more?

Idk. I'm not a politician.

[–] kautau@lemmy.world 11 points 3 days ago* (last edited 2 days ago) (3 children)

That’s true, but also inversely generally being gross on a property does not outweigh the value of the property over time in most cases. Even having gross tenants over time at market rent generally results in net profit after they leave and any additional cleanup costs incurred, plus you still own the property at the end of the day, and if we’re talking about houses, you probably own the land too.

I’ve seen what you’re describing and I think what you’re getting at is more of a societal systemic issue related to mental health and income. Most people I think would like to live clean and healthy lives, but they either need mental health support they aren’t getting/can’t afford, etc, and/or are spending more time working/taking care of family/battling addiction or whatever and end up not taking care of themselves or where they live

But at the end of the day this is all anecdotal and the whole thing should be addressed by a governing body made up of compassionate voted-in representatives using available resources and a scientific approach that want to fix the problem rather than arbitrary individuals chatting about it

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[–] kalkulat@lemmy.world 84 points 3 days ago (5 children)

They should never have been allowed to become gambling chips.

Noone should be allowed to purchase a home without agreeing to live in it full time for at least a year afterwards. Split it into a duplex to become a landlord? Another year. Wanna be a landlord? You must live in that building full time along with your tenants. Outrageous? Not nearly as outrageous as homelessness because of the prices.

[–] psx_crab@lemmy.zip 36 points 3 days ago* (last edited 3 days ago) (4 children)

Easiest way is to ensure the unit isn't vacant for more than a year, else they will get taxed extra. Also rent shouldn't be x% higher than the mortgage.

[–] kalkulat@lemmy.world 10 points 3 days ago (2 children)

Good idea. There are plenty more conditions that could be added on to make becoming a landlord/gambler much less attractive. Like: you can't even begin to buy another until you've finished your year and sold the place.

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[–] BlameTheAntifa@lemmy.world 79 points 3 days ago (1 children)
[–] Jankatarch@lemmy.world 8 points 3 days ago* (last edited 3 days ago) (4 children)

Now those homes slowly rot and lose value and become dangereous to live in.

As a result, rich people can't run airbnbs. Capitalists are losing in long term for pride/greed/incompetence.

At this rate they will require government subsidies to rebuild them later. All because those selfish low-to-upper middleclass people are refusing 50 year mortgages.

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[–] FosterMolasses@leminal.space 74 points 2 days ago* (last edited 2 days ago) (20 children)

I've said time and time again that "building more houses" is not the solution.

The problem is resource hoarding. Regulate the real estate monopolies. Stricter bans on AirBnBs and second vacation homes. Rent control properties. And renovate buildings that aren't up to code.

Outside of extremely dense cities, it's never, ever been a population issue. It's a class issue.

[–] UnderpantsWeevil@lemmy.world 32 points 2 days ago* (last edited 2 days ago) (16 children)

I’ve said time and time again that “building more houses” is not the solution.

I mean, it's also been said that a lot of these empty houses are in rural/suburban neighborhoods outside of dying industrial centers. We're effectively talking about "Ghost Towns", with no social services and a deteriorating domestic infrastructure, that people are deliberately abandoning.

And we're stacking that up against the homeless encampments that appear in large, dense, urban environments where social services are (relatively) robust and utilities operate at full capacity around the clock.

Picking people up from under the I-10 overpass and moving them to

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doesn't address homelessness as a structural problem. It just shuttles people around the state aimlessly and hopes you can squirrel them away where your voters won't see them anymore.

At some point, you absolutely do need to build more apartment blocks and rail corridors and invest in local/state/federal public services again, such that you can gainfully employ (or at least comfortably retire) people with no future economic prospects. You can't just take folks out to shacks in the boonies and say "Homelessness Resolved!"

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[–] titanicx@lemmy.zip 16 points 2 days ago (9 children)

It's also the huge amount of housing that's built that's not affordable. We have had 5 neighborhoods built within 4 miles of my house over the past 5 years. Nothing is below 500k starting price.

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[–] MirthfulAlembic@lemmy.world 10 points 2 days ago (2 children)

It doesn't need to be an either-or situation. We can attack the problem from multiple sides, since there's isn't a silver bullet. New housing absolutely has to be part of it, but obviously it's not super helpful if the new stock isn't affordable or practical for average people.

Counterproductive regulations (restrictive zoning, vetocracy setups) have prevented environmentally sensible and affordable housing from being added in sufficient quantities in most of the US for a long time. We have more people living in smaller households than we used to; it just doesn't math without adding new stock.

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[–] Raiderkev@lemmy.world 8 points 2 days ago (1 children)

I've said the same thing. More housing will just be bought by more speculators. I also think a massive tax on owning more than 5 properties would be helpful as well. Put the revenue from that into affordable housing subsidies.

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[–] DaMummy@lemmy.world 29 points 3 days ago

I have an idea. Why don't the empty houses just eat the smaller number of homeless people?

[–] A_Union_of_Kobolds@lemmy.world 24 points 3 days ago (2 children)

Jesus. I remember the figure being like, 10. Which was already absurd.

[–] dharmacurious@slrpnk.net 21 points 3 days ago (2 children)

11 was the number I remembered it being. Been quoting that for years. Jesus Christ, it's more than doubled. Wtaf is wrong with humanity

[–] edgemaster72@lemmy.world 8 points 3 days ago

Fuck me, I only knew it was greater than the number of homeless people, didn't realize it was by that much

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[–] Zyansheep@programming.dev 23 points 2 days ago (7 children)
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[–] zaki_ft@lemmings.world 21 points 2 days ago (1 children)

Yep. The 'housing crisis' is a load of bullshit.

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[–] Nomorereddit@lemmy.today 20 points 3 days ago (20 children)

Its make believe, now everyone loose your minds!

Why: Baltimore has 10,000 vacant homes. You'll die or get seriously injured sleeping im about 90% of those. We sometimes call them bandominiums here.

See for yourself: https://www.washingtonpost.com/local/baltimore-has-more-than-16000-vacant-houses-why-cant-the-homeless-move-in/2015/05/12/3fd6b068-f7ed-11e4-9030-b4732caefe81_story.html

[–] ook@discuss.tchncs.de 7 points 3 days ago (3 children)

So is there any statistic that excludes unlivable places?

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[–] notaviking@lemmy.world 20 points 3 days ago (6 children)

The housing market crash, I believe was a lost opportunity. When the US government had to bail out banks, why did it not ask for those houses that went belly up. Could have started a social housing aid, here it could sell luxury homes to buy low cost housing to give to its most vulnerable citizens. It paid for those houses using people's tax dollars, why not use it for the benefit of the people

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[–] SirEDCaLot@lemmy.today 18 points 2 days ago (2 children)

IMHO, the answer is simple.

No corporation may own more than X single family or multifamily (up to 4 family per building) housing units, other than for occupation by its employees, for more than 120 days. Any housing units owned for more than 120 days are taxed at a rate of 50% of their fair market value per year.

Watch how fast companies like Zillow that tried to get rich fast by 'playing the housing market' dump houses on the market.

I'm invested in real estate, and I want this to happen even though it'll hurt me economically. Real estate is horrifically overvalued, and corporations owning huge numbers of single family homes / small multifamily homes are a big part of why.

I'm all for investing to make money. Some things should be considered public resources, not vehicles for investment. Land and health are among them.

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[–] But_my_mom_says_im_cool@lemmy.world 18 points 2 days ago (1 children)

I run a condo building and there’s about half a dozen apartments in the building that have been sitting vacant for as long as I’ve been here for about 5 years now. The owners don’t even live in the country. Just apartments sitting there unused for years

[–] TubularTittyFrog@lemmy.world 11 points 2 days ago* (last edited 2 days ago) (2 children)

they are an investment.

here in boston, chinese people buy up apartments for their children to go to college, years ahead of time. several vacant buildings near my own place. even if their kid doesn't go to school here, it's still an asset that appreciates. chinese landlord that lives half a globe away doesn't care about renting it out either. it's just a place to park their money.

[–] SaveTheTuaHawk@lemmy.ca 17 points 2 days ago (14 children)

As long as we refuse to decouple housing from a tool of speculation, we will not address affordable housing.

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[–] BarneyPiccolo@lemmy.today 13 points 2 days ago (8 children)

I don't know why homeless people don't break into every unused house and squat in it, especially in the winter.

Eventually, that's what's going to happen, as our society switches from a Trickle Down Economy to a Robin Hood Economy (take from the Rich, give to the poor). If the MAGAs and Dems don't want that, then they better get busy establishing a Trickle UP Economy.

[–] jj4211@lemmy.world 24 points 2 days ago (1 children)

Because a lot of the homes are uselessly far away for them. No job, no charity coverage, no panhandling opportunities. A house is of little comfort if you are hungry and can't get food.

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[–] BanMe@lemmy.world 13 points 2 days ago (5 children)

Yeah they do that in my city and neighborhood, unfortunately they often set the homes or apartment buildings on fire, using coffee cans full of gasoline as heat/light, or straight up cooking meth.

I wish homelessness were a problem so simple as "give them a home" but it's not. The original cause of their homelessness must be addressed for it to work. Strong safety nets must be in place, a strong welfare state, mental healthcare, training, substance abuse treatment.

Of course we could pay for that as a country but we're instead focused on multiplying the unimaginable fortunes of the ultra rich instead.

[–] theneverfox@pawb.social 8 points 2 days ago (5 children)

Housing first is just the most effective strategy. It doesn't solve everything, but it helps the most people fastest and is very cost effective

We have to fix a lot of things, but people focus on this because it's low hanging fruit

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[–] AA5B@lemmy.world 13 points 2 days ago (3 children)
[–] Rivalarrival@lemmy.today 12 points 2 days ago (4 children)

Massive property tax increase. Owner-occupants are exempted from that tax.

As soon as a bank initiates foreclosure proceedings, they owe the full, non-exempt tax rate. That stick gives them a strong incentive to work with their borrower.

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[–] mojofrododojo@lemmy.world 10 points 2 days ago (5 children)

landlords

the easy way to solve this is TO GIVE THE DAMNED HOUSES AWAY instead of retaining ownership of property that could house people. don't want to be landlords? give it the fuck away

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[–] dhhyfddehhfyy4673@fedia.io 12 points 3 days ago

Today you learned something, from your own blog, in a post you have reposted from over a year ago?

[–] Zwuzelmaus@feddit.org 11 points 3 days ago (3 children)

I say it is OK to own 2 houses.

But you guys should make it a crime to own more than 2.

[–] BlameTheAntifa@lemmy.world 11 points 3 days ago (10 children)

This may be an unpopular opinion, but it’s never okay to hoard more than you need while there others who genuinely need the things being hoarded. This is doubly true for housing.

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[–] infinitevalence@discuss.online 10 points 3 days ago

Obviously they should stop smoking, drinking, doing drugs, and choosing to be poor so they can afford to live in one of these houses.

[–] melsaskca@lemmy.ca 8 points 1 day ago

Rich like to collect shit and then hide it.

[–] taiyang@lemmy.world 7 points 3 days ago (2 children)

One of my doomsday fantasies is to simply take one of the empty homes I see whenever I commute to work, since the fall of the government would probably make it hard for them to enforce the law. I've even worked out multiple options, it's amazing how many mansions are simply empty because the right seller hasn't come along to pay 30M for it or because it's a summer home. Easily one half, I've counted.

You can even try now, but there is a ton of private security lately so you would need to wait until the fall of the empire first, I bet. Plus hey, it's mountain side property so you'll have the high ground in combat!

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