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What isn't illegal but should be?
(lemmy.world)
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this post was submitted on 26 Jul 2024
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Insane rent hikes. Landlords and corps shouldn't be able to raise rent from $1,700 mo to $8,000 mo in a single period, let alone a handful of years.
To piggyback off that: the concept of rent.
It's fine as a concept, it allows you to live somewhere without making a commitment long-term.
But there needs to be more regulations in place, like maybe making it illegal for corporations to buy residential property and requiring by law that any new residential building must have the option to buy as well as rent, with regulations to ensure it's a fair price.
Housing shouldn’t be gatekept. Rent as we know it is broken. Someone owns a property, while you pay the mortgage. But you’re not paying down to own, you’re paying it down for someone else to own. Sure, renting is fine for people who move a lot, but that money shouldn’t be flushed down the drain every month—from the position of the renter. Rental credits, to where that money you’re putting down acts as a credit toward getting the opportunity to own. This would take a massive restructuring of the way we behave as a society, but it’s desperately needed.