It’s still super fucked up that you’re basically gifting some other person a sizeable chunk of your income just because they were able to put up a down payment and secure a mortgage. Landlords are rentseeking middlemen leaches that should not exist even by capitalist standards, see Adam Smith.
I don’t get it. Landlords don’t buy houses. They mostly buy apartment blocks. At least in central europe, where I’m located. It’s usually not lucrative enough to invest money into a house to rent it back out for like 1500€ - 2000€ a month when you can invest the same amount into an apartment block, have 10 apartments and make like 800€/apartment.
Also, in germany specifically, the problem isn’t landlords. It’s extremely restrictive and confusing building regulations that are extremely hard to fulfill. It also sometimes takes YEARS for buildings to even get approval. Well, and the prices for raw materials are currently through the roof aswell. No idea how it’s in other european countries tho.
In the rest of the western world, landlords buy houses. They’re especially prolific for this in places with a high demand for housing, as this will maximise their profit extraction for the least amount of work. It’s a real problem, especially when the people denying mortgages to people are the same ones buying up the housing stock.
The same claim is made in the UK about the “real” problem being building regulations, as if forcing developers to build infrastructure like schools and roads (along with the houses they want to build) is a bad thing. Luckily though, the idea that the private sector could save us from themselves, at the expense of their own profit, is so silly that most people are informed enough to dismiss it instantly as nothing more than the corporate propaganda it is.
At some point, we have to start accepting the finite nature of land.
Yes, they do (or in my case they buy the land and build new houses). I live in a rented house right now in northern germany. Most of the houses in my Siedlung are rented. My Landlord (probably, i dont know for sure) owns more than a few of them.
To buy a house around here you need upwards of 400k€ (there are cheaper houses, but then you will spend a TON of money into Sanierung), and for a credit of that size the bank wants an Eigenbeteiligung of around 50k€, I dont have that kind of money laying around, so renting it is. Luckily my rent is still kinda cheap at about 1200€/M warm.
Am I too European to understand this?
is there no housing crisis in Europe anymore? have i missed the memo and forgot to afford a house?
I think that’s only on few selected places.
I live in capital metropol area in decent location and can afford ~100m² rental apartment while working office hours on low end wages.
No housing crisis here.
It’s still super fucked up that you’re basically gifting some other person a sizeable chunk of your income just because they were able to put up a down payment and secure a mortgage. Landlords are rentseeking middlemen leaches that should not exist even by capitalist standards, see Adam Smith.
Why?
My rent is lower than mortage installments and upkeep costs of smaller apartment.
If I need to relocate, I can do it quite fast, like within a month if needed and no need to sell or buy.
Okay, I’m curious, how exactly do you think landlords affect your ability to buy a house?
I would look at things like “supply and demand” to answer that question.
I don’t get it. Landlords don’t buy houses. They mostly buy apartment blocks. At least in central europe, where I’m located. It’s usually not lucrative enough to invest money into a house to rent it back out for like 1500€ - 2000€ a month when you can invest the same amount into an apartment block, have 10 apartments and make like 800€/apartment.
Also, in germany specifically, the problem isn’t landlords. It’s extremely restrictive and confusing building regulations that are extremely hard to fulfill. It also sometimes takes YEARS for buildings to even get approval. Well, and the prices for raw materials are currently through the roof aswell. No idea how it’s in other european countries tho.
In the rest of the western world, landlords buy houses. They’re especially prolific for this in places with a high demand for housing, as this will maximise their profit extraction for the least amount of work. It’s a real problem, especially when the people denying mortgages to people are the same ones buying up the housing stock.
The same claim is made in the UK about the “real” problem being building regulations, as if forcing developers to build infrastructure like schools and roads (along with the houses they want to build) is a bad thing. Luckily though, the idea that the private sector could save us from themselves, at the expense of their own profit, is so silly that most people are informed enough to dismiss it instantly as nothing more than the corporate propaganda it is.
At some point, we have to start accepting the finite nature of land.
Yes, they do (or in my case they buy the land and build new houses). I live in a rented house right now in northern germany. Most of the houses in my Siedlung are rented. My Landlord (probably, i dont know for sure) owns more than a few of them.
To buy a house around here you need upwards of 400k€ (there are cheaper houses, but then you will spend a TON of money into Sanierung), and for a credit of that size the bank wants an Eigenbeteiligung of around 50k€, I dont have that kind of money laying around, so renting it is. Luckily my rent is still kinda cheap at about 1200€/M warm.
No, this is very much also applies to Europe.
Classic lefty talk, landlords are bad yada yada yada I guess.