It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
No, you’re not the problem there. The problem in your scenario is the landlords buying up all available real estate and leasing it back. Not you.
That million dollar gain has no actual value to you. You can’t get that money out of the house, because you’ll need to spend it to acquire new housing.
And in the meantime, your tax payments are going to increase: you’re a victim of corporate investment in the housing market, not a perpetrator.
Why do people keep saying that I can’t get that money out of the house?
I can use the equity as an asset to borrow money at low interest rates compared to unsecured loans.
I can sell the property and move to a lower cost of living location, or even just a smaller home if I wanted.
I can rent part of the property out at a rate commensurate with it’s current value.
And, to top off your stupid assumptions, you say my tax payments will increase. That’s not how property tax is calculated at all. People see “Taxes per 100k” and assume that if your house price goes up, so do the taxes. Instead, municipalities set a total budget, and just divide it by the total value of all the homes in the area to come up with something called the “Mill rate.” If the municipal budget doesn’t change year to year, and all the house prices go up evenly, the mill rate simply goes down.
What do regular home owners have to do with it? Most regular home owners only own one home.
No one mentioned regular home owners. Why are you making devisive comments not related to any point that were made?
Yes they did.
You’ll notice it wasn’t me though, so why am I being asked what somebody I’m actively disagreeing with means by “regular homeowners”?
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
Reading comprehension is not your strong suit. Practice more.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
There’s that pesky reading comprehension again.
No one but the TLC was supporting corporate ownership of residential property.
What the actual fuck are you talking about?
I’ve made a million dollars in appreciation on my home in the last 15 years.
Are you telling me just because I own one home, that I’m not part of the problem?
No, you’re not the problem there. The problem in your scenario is the landlords buying up all available real estate and leasing it back. Not you.
That million dollar gain has no actual value to you. You can’t get that money out of the house, because you’ll need to spend it to acquire new housing.
And in the meantime, your tax payments are going to increase: you’re a victim of corporate investment in the housing market, not a perpetrator.
Why do people keep saying that I can’t get that money out of the house?
And, to top off your stupid assumptions, you say my tax payments will increase. That’s not how property tax is calculated at all. People see “Taxes per 100k” and assume that if your house price goes up, so do the taxes. Instead, municipalities set a total budget, and just divide it by the total value of all the homes in the area to come up with something called the “Mill rate.” If the municipal budget doesn’t change year to year, and all the house prices go up evenly, the mill rate simply goes down.
Correct. I’m telling you that individuals owning a single home aren’t part of the problem.
Individuals voting to keep the value of their home from dropping down to reasonable levels ARE the problem. That’s almost all home owners.
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