this post was submitted on 10 May 2024
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I like the idea of rent prices being tied directly to pay, maybe a straight %. It would be complicated, but pitting greedy landlords up against greedy businesses sound much more fair than getting fucked from both sides.
Landlords want to make the most money, but if what they can charge was directly tied to minimum wage, they will actually fight to raise pay. Not for altruism or any positive reason, but because they want to increase their own revenue.
It’s not a great idea, but it’s something I’ve thought about for a decade or so. Especially when that “Fight for $15” took so long to that even if $15 was the minimum wage, it would still be way behind to cost of living.
Landleeches can get fucked as far as I am concerned. Implement a chit system like NYC taxies so only a fixed number of single family homes can be rentals in a town, make strict livability (not habitability) standards for those rentals with steep fines and inspections every 2 years, and cap rent at a % of the real value of the property. You let a house languish so it is only worth $40k, you don't get to charge $2k/month to live there.
It’s not like I’m pro landlord. But, being realistic about a capitalist society, pitting those with opposing interests to fight one another is so much better than both of those things existing uncheck and us being the victim.
Yeah, I agree that it would be popcorn worthy, but I also have a strong suspicion that doing that would end up getting gamed by both and consumers would have compounding losses.