Kinda sucks for those already with a mortgage. Defending rental culture because someone might lose out now only guarantees that an ever increasing majority lose out in the future.

[–] Blackmist@feddit.uk 6 points 6 days ago (1 children)

It's not just landlords pushing it up.

The constrained supply, the low interest rates, the greedy banks pushing bigger and bigger mortgages, government "help to buy" schemes which appear to be a way to help people buy homes, but in effect just pushes the price ever higher...

The centralisation of jobs in certain areas. We have the internet. This could have practically solved the property crisis on it's own, along with overloaded transport systems and pollution, but rich people were losing too much money, so back to the office, plebs.

[–] withabeard@sh.itjust.works 1 points 4 days ago

Constrained supply

But there are empty properties now. There is supply. House prices are too high for all of the property to be affordable. That is because property as an appreciating investment is valuable. You can only live in one house, to buy multiple properties and have that appreciated investment, you are a landlord.

Low interest rates

allow you to buy a property. They allow people investing in housing to buy many. It results in the above.

Banks pushing bigger mortgages

Sure

Help to buy

Allows affordable housing to become an investment. See my first point.

Rich people were losing to much money

Yep, some of those people were landlords who were finding city prices dropping.

Clearly landlord culture isn't the "only" problem. But fuck me it's a big part of the issue.

[–] grrgyle@slrpnk.net 2 points 6 days ago

Yeah it would suck to have my house drop in value while I still owe the bank so much money, but anyone who isn't willing to suck it up for the obvious greater good is an asshole.