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by MiroF 1555 days ago
> It's like no one could agree on happy medium between "landlord can eject you whenever they want for whatever reason" and "no one can make you leave, ever, for any reason".

No place in the US actually has the latter unless you've been letting them squat for half a decade or something, the issue is court delays and landlord's wanting to make their lot out to be worse than it is.

3 comments

> > "no one can make you leave, ever, for any reason".

> No place in the US actually has the latter

Not technically, no. But there are areas (e.g. San Francisco) where getting a non-paying tenant out is close enough to impossible that it might as well be.

AFAIK that's not actually true. There are some crazy edge cases but for the most part if a tenant stops paying rent you can absolutely evict them in SF. Most of the horror stories from landlords are attempts to evict for reasons besides non-payment - which SF does make somewhat difficult.
You'd be surprised. SF Rent Board will always seek the solution that keeps the tenant in their home.

So a tenant might stop paying rent, a few months later you get an eviction hearing, but then the tenant pays the rent this month and promises to pay the back rent. Your eviction has just been denied.

Tenant falls back on rent again, but made a good faith effort to pay some of the back rent. Eviction denied.

Finally, tenant stops paying entirely and doesn't respond to you. You stand a pretty good chance of getting an eviction then.

Meanwhile, over the past 12 months the tenant made 2 full rent payments and a couple thousand on the $18,000 in back rent owed. They get evicted and you get to clean up the mess.

So yes, it's not impossible to evict a tenant, but it's really damn hard (unless it's for something like violence or failure to pay and no response when rent is demanded).

Honestly, that sounds great. The risk of being a rentier should be higher than the risk of an index tracker. A lot of our problems can be traced to the fact that bricks and mortar are seen as a better RoI than stocks and shares, and one way to fix that is to change the risk profile of being a landlord by increasing tenants' rights.
> Honestly, that sounds great.

You're saying that it's totally fine for a renter to pay like one month out of every six months and keep doing that forever, just enough to defer evictions each time?

> The risk of being a rentier should be higher than the risk of an index tracker.

Risk and return should roughly correlate, or people will not do it. There is already very little return in renting out a house, so the risk needs to be fairly low, if society cares to have rental properties available.

> change the risk profile of being a landlord by increasing tenants' rights

What would you expect to happen as a result?

If the risk is too high to compared to the return, these rental units are simply removed from the market. Are you convinced that less available units make renters better off?

> If the risk is too high to compared to the return, these rental units are simply removed from the market. Are you convinced that less available units make renters better off?

Yes. We'll need an LVT too. Adjust the market so selling is the rational choice, not hoarding.

Markets are just tools, and right now the market for property isn't serving the needs of society. So we stick our collective thumb on the scales until it does.

It’s actually a great way to shrink rental stock and increase rent prices.
> But there are areas (e.g. San Francisco) where getting a non-paying tenant out is close enough to impossible that it might as well be.

You absolutely can evict people in SF, unless you are discussing the recent eviction moratorium, which is not ongoing.

It’s very difficult to evict folks in Colorado, according to someone I know who buys and rents homes for a living.

I think most landlords are pro tenant until they find someone who knows how to work the system. It costs them so much that they are skiddish to all renters.

Landlords have chosen to enter an inherently adversarial relationship with the goal of profiting from the other party. I'm not entirely unsympathetic to their personal pains here, but I don't believe "pro tenant" has a useful meaning except in a context where you need to support them in opposition to some force or entity. And that entity is landlords.
> Landlords have chosen to enter an inherently adversarial relationship with the goal of profiting from the other party.

There isn't any reason for it to be adversarial, it's certainly not inherently so. Only if one or both sides want to make it adversarial.

It is supposed to be a win-win scenario. Some people prefer to rent instead of buying, so they need a supply of rentals and the owner needs someone to live there so it doesn't sit empty costing them money.

Fortunately I've never had one of the adversarial landlords. I paid them on time and took good care of the property and in exchange they have been super flexible and let me do whatever I want. That's a win-win.

> > Landlords have chosen to enter an inherently adversarial relationship with the goal of profiting from the other party.

> There isn't any reason for it to be adversarial, it's certainly not inherently so. Only if one or both sides want to make it adversarial.

Landlords compete with their potential tenants for houses to buy. When landlord driven price increase, it prices out people from buying a home/flat, but they still need a roof over their heads. So they rent. This gives landlords cash needed to buy more houses/flats. This also keep rents up as landlords pay more for buildings. So tenants are less likely to accumulate cash for loans/something else. From small owners to big corporations it is a vicious cycle.

So you're saying that in a capitalistic society, people with capital do better? Colour me shocked.

The landlord also takes on risk and responsibility here. Like any business, if they do a shitty job they go broke. If they do a good job, they make bank and expand their business.

They will go broke if they do bad job at extracting money from their renters, not bad job at providing value to them. Also: https://www.wsj.com/articles/landlords-were-never-meant-to-g... , privatization of profits and socializing losses.
No because you can't really decline to have a home if none of the options are good for you. If there are only shitty landlords then you'll be forced to choose a shitty landlord.
As a widget maker, I'm pro widget-users even though I technically have an adversarial relationship with them. In particular, I'm pro widget-users because without them I would be without money and without me they would be without widgets, so we're both supporting each other against the harsh forces of nature that would leave us all destitute if we didn't work together.
> without me they would be without widgets

It seems like it'd be obvious, but landlords don't actually produce land or provide housing. They roll in and take housing using their superior resources, then charge rent to access it.

In an ideal market, every renter would have the option of being a landlord just like every car lessor has the option of being a car owner. We just need enough housing supply to make investing in housing a risky venture instead of a government-guaranteed winner

https://www.worksinprogress.co/issue/the-housing-theory-of-e...

> landlords don't actually produce land or provide housing

of course they do - they provide it by being part of the capital flow, which starts at construction. It might not be the same person, but it's a chain of financing that lead to the landlord purchasing the property.

Superior resources is just another name for capital. And you need capital to fund the construction. The landlord is just the last chain on this funding, and without them, the builders would not build (for who would be buying?).

Shelter is a cost. Everybody pays it, whether you own your own building or renting.

> every renter would have the option of being a landlord

they do if they had the capital. No one is stopping anyone from making a bid for a property - unlike back in the old days where people who were slaves were not entitled to own property as a right. The fact that some people have more capital and is willing to bid higher is how the current free market system works to allocate capital.

Man, I'm not saying you're completely wrong, but that's such a ridiculous stretch

I bought a few shares of Pfizer, does that make me a healthcare provider?

only comparable if the widget you make is a necessity for life, really straining the meaning of the word "widget" imo.
How exactly is it inherently adversarial? Isn’t what you’re saying also true to literally any for profit transaction?
Only things that are absolute needs. You can walk away from a profitable transaction, you can't walk away from one you'll die without.

People are willing to take much more extreme action around housing (and food, medicine, ) than they are most other goods. They're also less likely to agree there is moral justification in profiting from these things. So even when entering these transactions (they must, after all), they may not respect the other party's profit goals.

Should doctors work for free? Should farmers?
Do landlords labor?
If there’s return, there’s risk. All markets are adversarial.
Yeah I don't really disagree with that. I don't believe housing should be a "market" in the sense I think is meant here. But if it is to be, I agree that landlords need to accept the risk of their tenants not paying and not leaving either.
Not paying sure. Not leaving no. That never should be the case. They own the property the should be able to get it vacated in reasonable time let's say 3 to 6 month. For any reason. There could also be a fixed time contract binding both sides.
covid moratoriums were basically that for a lot of landlords