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A comment on Rising Rents Are Pushing More Tenants Past the Breaking Point. Parent comment

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by toomuchtodo on Thursday October 26, 2017 @12:42PM (#15560540)
No, no one is advocating for eliminating rent. I (EDIT: removed "We") am advocating for tilting the scales back towards labor though.

* No depreciation allowance on rental property that is almost always going to appreciate [1]

* No 1031 exchanges, deferring capital gains forever [2]

* No mortgage interest deduction, which encourages the wealthy to bid up real estate since their leverage is tax advantaged. [3]

* Co-Ops acquiring property for renting to citizens when possible [4]

[1] https://www.biggerpockets.com/blogs/2728/41560-understanding...

[2] https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_...

[3] https://www.theatlantic.com/business/archive/2017/05/shame-m...

[4] http://www.yesmagazine.org/people-power/in-berlin-a-model-fo...

EDIT: @ mcbruiser3: When I say "we" (which I removed above), people who share my progressive political view that people/humans/"labor" should be treated with priority over capital and rentseeking.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by bhauer on Thursday October 26, 2017 @12:45PM (#15560588)
As a landowner, I would happily discard the mortgage interest deduction. And 1031s and depreciation allowances. Oh and toss California's Proposition 13 as well.

In exchange, I would request a dramatically simplified tax code that avoids mechanisms such as these across the board. And reduced zoning regulations to allow more housing supply.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by mindcrime on Thursday October 26, 2017 @12:44PM (#15560575)
Fair enough!

Coops acquiring property for renting to citizens when possible

Yes, this sounds like a good idea. As a Libertarian, I like this model because it is compatible with private property rights, and doesn't demand some sort of government intervention.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by newlyretired on Thursday October 26, 2017 @02:30PM (#15561648)
You don't think property coops are at a high risk of acting like current HOAs?
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by gowld on Thursday October 26, 2017 @03:51PM (#15562379)
How is an HOA worse for the resident than a landlord?
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by b4lancesh33t on Thursday October 26, 2017 @07:37PM (#15564238)
They already do, at least in NYC. That's just part of the deal you sign when you join. If you don't like it, there are a lot of other options, each with their own tradeoffs.
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by mindcrime on Thursday October 26, 2017 @03:16PM (#15562100)
Perhaps, but as long as participation is voluntary, I can live with that. That said, if I ever buy a house, it will very pointedly be in an area with no HOA. :-)
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by gowld on Thursday October 26, 2017 @03:50PM (#15562375)
Improvements don't appreciate. Land appreciates.
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by mcbruiser3 on Thursday October 26, 2017 @12:47PM (#15560606)
only fair if you reduce the tax burden dramatically as well. this would not just impact "evil landlords" but most of middle class as well.

and who is "we" exactly?

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