Read on Twitter
1/
Seeing lots of responses to this about "aww, poor landlords" / "tiny violin", etc.
This is not just dumb, it is evil.
Landlords are either small, or large / corporate.
Many many middle class families are landlords, using rental income to cover mortgage payments. https://twitter.com/BBCWalesNews/status/1290342683572088832
Seeing lots of responses to this about "aww, poor landlords" / "tiny violin", etc.
This is not just dumb, it is evil.
Landlords are either small, or large / corporate.
Many many middle class families are landlords, using rental income to cover mortgage payments. https://twitter.com/BBCWalesNews/status/1290342683572088832
2/
When tenants don't pay rent and yet stay in housing, landlords are on the hook for all of the costs - the water, the property taxes, the mortgage interest, the principle - and the tenant lives cost free.
The landlords either pay those, or default.
If they pay them >>>
When tenants don't pay rent and yet stay in housing, landlords are on the hook for all of the costs - the water, the property taxes, the mortgage interest, the principle - and the tenant lives cost free.
The landlords either pay those, or default.
If they pay them >>>
3/
they do it by eating down their savings (if they're lucky enough to have savings), floating it on their credit cards, cancelling their own plans ("sorry, no presents for your birthday, Timmy, the government said that the Karen in the rental condo doesn't have to pay us")
they do it by eating down their savings (if they're lucky enough to have savings), floating it on their credit cards, cancelling their own plans ("sorry, no presents for your birthday, Timmy, the government said that the Karen in the rental condo doesn't have to pay us")
4/
Landlords are normal people - teachers, plumbers, artists, accountants, engineers.
Maybe a couple got married, consolidated down to one house, and rent the other out.
Maybe a family decided to buy a small house as an investment.
I know TONS of people like this.
Landlords are normal people - teachers, plumbers, artists, accountants, engineers.
Maybe a couple got married, consolidated down to one house, and rent the other out.
Maybe a family decided to buy a small house as an investment.
I know TONS of people like this.
5/
I've known more than one case where tenants had more income and more savings than the landlord they rented from!
Landlording is an ages old working class way to claw one's way up from the bottom.
Saying "aww, tiny violin" is cruel and evil.
I've known more than one case where tenants had more income and more savings than the landlord they rented from!
Landlording is an ages old working class way to claw one's way up from the bottom.
Saying "aww, tiny violin" is cruel and evil.
6/
As with most human cruelties, the first step is to unperson the Other.
We don't think about Bob or Anne or Mr Johnson the landlord, real people who are going to lose tons of money, money that they have to scrounge back into their budges with overtime or second jobs. >>>
As with most human cruelties, the first step is to unperson the Other.
We don't think about Bob or Anne or Mr Johnson the landlord, real people who are going to lose tons of money, money that they have to scrounge back into their budges with overtime or second jobs. >>>
7/
No, it's never "ha ha, screw the widow Mrs Smith", it's "ha ha , tiny violin for Landlords™"
Can't very well beat up Jews or Poles or kulaks or whatever when they have names. Gotta unperson them first.
No, it's never "ha ha, screw the widow Mrs Smith", it's "ha ha , tiny violin for Landlords™"
Can't very well beat up Jews or Poles or kulaks or whatever when they have names. Gotta unperson them first.
8/
...and if it's a big corporation, is it ok then?
Who do you think owns "big corporations"? Normal people, to a large degree, via retirement savings, investments, and such.
Maybe retired Mrs Smith doesn't own a second house - maybe she owns shares in a fun that owns REITs.
...and if it's a big corporation, is it ok then?
Who do you think owns "big corporations"? Normal people, to a large degree, via retirement savings, investments, and such.
Maybe retired Mrs Smith doesn't own a second house - maybe she owns shares in a fun that owns REITs.
9/
And aside from celebrating theft in the short term, what does this "ha ha screw the landlords" accomplish in the medium and long term?
How does it alter incentives?
You absolute God damned children.
You should be ashamed of yourselves.
And aside from celebrating theft in the short term, what does this "ha ha screw the landlords" accomplish in the medium and long term?
How does it alter incentives?
You absolute God damned children.
You should be ashamed of yourselves.
10/
You're not just celebrating eating the seed corn, you're celebrating burning down the grain silo so it's harder to store seed corn over future winters.
You're not just celebrating eating the seed corn, you're celebrating burning down the grain silo so it's harder to store seed corn over future winters.
11/
exactly
expect to see two or three month deposits become more common https://twitter.com/egocv/status/1290353110209236995
exactly
expect to see two or three month deposits become more common https://twitter.com/egocv/status/1290353110209236995
14/
RT @mr_archenemy
back in the 90s i rented an apt in a 2 family from a wonderful tibetan family boot-strapping themselves into middle class from off the boat. (tho maybe not "by themselves" i suspect local diaspora pools money to stake new arrivals, which is also awesome)
RT @mr_archenemy
back in the 90s i rented an apt in a 2 family from a wonderful tibetan family boot-strapping themselves into middle class from off the boat. (tho maybe not "by themselves" i suspect local diaspora pools money to stake new arrivals, which is also awesome)
15/
I also knew an electrician who got divorced and, age 60 or so, converted his upstairs into a 2nd apartment to get some rental income to supplement his blue collar job
I also knew an electrician who got divorced and, age 60 or so, converted his upstairs into a 2nd apartment to get some rental income to supplement his blue collar job
19/
risk taking is what adults do
children don't understand that, I know https://twitter.com/SweetSweetBobo/status/1290407994996461571
risk taking is what adults do
children don't understand that, I know https://twitter.com/SweetSweetBobo/status/1290407994996461571
20/
Entropy does that. For the analogy to work all you need is for the incentives to shift such that people no longer invest in housing stock (e.g. via maintenance). https://twitter.com/thepoliticsund1/status/1290405590032887808
Entropy does that. For the analogy to work all you need is for the incentives to shift such that people no longer invest in housing stock (e.g. via maintenance). https://twitter.com/thepoliticsund1/status/1290405590032887808
21/
"making" ? How's that?
No one is forcing anyone to rent housing.
However, if someone wants to do the work and take the risk of the RE equivalent of maturity transformation - taking long term risk so that others can maintain their options, so be it https://twitter.com/lilspacecaseart/status/1290408305311932418
"making" ? How's that?
No one is forcing anyone to rent housing.
However, if someone wants to do the work and take the risk of the RE equivalent of maturity transformation - taking long term risk so that others can maintain their options, so be it https://twitter.com/lilspacecaseart/status/1290408305311932418
22/
Spoken like a Nazi, talking about Jews.
Or a Stalinist, talking about kulaks.
Sad.
https://twitter.com/miriksmit/status/1290409559006339075
Spoken like a Nazi, talking about Jews.
Or a Stalinist, talking about kulaks.
Sad.
https://twitter.com/miriksmit/status/1290409559006339075
23/
the anti-landlord faction isn't sending us their best https://twitter.com/siberianpine/status/1290412997404512257
the anti-landlord faction isn't sending us their best https://twitter.com/siberianpine/status/1290412997404512257
24/
yes, clearly
but this thread is not about landlords taking market risk and losing ; this thread is about exogenous and unprecedented harm caused by government putting a moratorium on evictions https://twitter.com/LiquidPanda_/status/1290411745434054656
yes, clearly
but this thread is not about landlords taking market risk and losing ; this thread is about exogenous and unprecedented harm caused by government putting a moratorium on evictions https://twitter.com/LiquidPanda_/status/1290411745434054656
25/
nowhere in this thread has anyone said that anything is the tenants fault
please read the thread before tagging in and arguing about what you think it maybe probably kinda says https://twitter.com/LiquidPanda_/status/1290414614958743555
nowhere in this thread has anyone said that anything is the tenants fault
please read the thread before tagging in and arguing about what you think it maybe probably kinda says https://twitter.com/LiquidPanda_/status/1290414614958743555
26/
This is interesting.
I've got some socialists telling me that small landlords are unprofessional and bad at their job, and other socialists telling me that small landlords don't exist / are fictional. https://twitter.com/abandonnuance/status/1290417764864274432
This is interesting.
I've got some socialists telling me that small landlords are unprofessional and bad at their job, and other socialists telling me that small landlords don't exist / are fictional. https://twitter.com/abandonnuance/status/1290417764864274432
27/
Government unpredictability harms everyone, rich and poor alike.
The smart approach to keep people from being evicted is unemployment money, NOT arbitrary ad hoc seizures and transfers.
This creates bad incentives.
/shrug https://twitter.com/LiquidPanda_/status/1290418955044229121
Government unpredictability harms everyone, rich and poor alike.
The smart approach to keep people from being evicted is unemployment money, NOT arbitrary ad hoc seizures and transfers.
This creates bad incentives.
/shrug https://twitter.com/LiquidPanda_/status/1290418955044229121
28/
Is / ought rules everything around me.
me: this is a bad policy with bad incentives and it OUGHT not to be done this way
rando: yeah but this happens
me: yes ... that ... that is implicit in why I am criticizing a thing that just happened.
Is / ought rules everything around me.
me: this is a bad policy with bad incentives and it OUGHT not to be done this way
rando: yeah but this happens
me: yes ... that ... that is implicit in why I am criticizing a thing that just happened.
