this post was submitted on 29 Jun 2025
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With homelessness exploding due to how the asset-owning Parasite Class is jacking rents into the stratosphere, why is any residential property vacant at this time?
Vacant residential properties should be taxed out the nose - well above any rent or price appreciation - until they are occupied by legitimate tenants.
Because the last tenant put holes in the walls, their dog's piss caused the floor to lift, and the shower they plugged then overflowed fucked up the bathroom?
So there are repairs to do in order to make the place livable and then time to find somebody else who won't just wreck the place again?
Yeah there are lots of shit landlords but one of the continuing factors is the remaining good ones with a basement suite etc bailed after terrible tenants.
A vacancy tax is a good idea but there needs to be caveats for timelines especially if stuff like reasonable maintenance/repairs is taken into consideration.
Ironically my friends who bitched about "shit landlords" also happened to be the drinkin' smokin' big-dog-ownin' types who were the worst type of tenants and ruined shit for everyone else
Oh no, instead of getting money for doing nothing you will get money for paying someone to do a cosmetic repair once every several years. Should I feel sorry for you? I entered a landlord mode so I forgot what empathy is, so I need help here.
There's cosmetic repairs and then there's "making the place fit for Guinean habitation" repairs.
Now granted I'm a bit older and not renting now (and not a landlord, though I did share in my first place when I was a younger), but in that time a lot of better available places were people who'd bought a home, had kids, then had said kids grow up and move out. Given the free space but still wanting to keep with the family home they'd invested half their lives in, they'd rent out a basement suite or whatever (generally for a reasonable rate, at least compared to other places or the shit-show we see today). Some didn't need the money, others found that rising property values also came with a rise in taxes and repair costs. Most were still not assholes though so if the stove or heating broke down they'd actually get a repair guy in fairly quickly or replace said appliance (often with a used but functional one).
Those are what you'd call the "mom and pop" landlords and they were a lot more prevalent. By the same token though, they weren't making a lot - hell some were less interested in rents than not having an empty-feeling house - and all it took was one bad tenant to make it not worthwhile. It doesn't take much either. Water damage and/or mould abatement, a kitchen fire, pet/drugs/smoking damage etc can all add up pretty quickly especially if they're hiring somebody professional to do repair work which was certainly more than just cosmetic.
I don't see a lot of those types now - I'd certainly not want to be one - but most I know cite that it would take them years to recoup the cost of damage from that one bad case and they just weren't willing to deal with that plus the life-disruption anymore. So now all there pretty much is would be corporate landlords or the type that own several "rental properties" and consider painting the walls (and hinges, and light-switches, and plugs) or throwing down the cheapest carpet possible the extent of their actual "investment" in the property.