Rent: Last Week Tonight with John Oliver (HBO)

From YouTube,
"John Oliver discusses why rent has become increasingly unaffordable, what we can do to combat a system that is stacked against tenants, and, of course, Dakota Johnson’s complex relationship to limes."
bobknight33jokingly says...

@newtboy

With my dad passing last month he left me to deal with his rental house.

Dad, being a racist white Trump supporter screwed his tenant, which are black . That's how Trump supporters roll, right?

Dad taught me well and will deal with them according.

Zillow estimates rent to be 1500$/mo. Lucky he raised his rent before his passing.


Dads wishes is that this couple in their mid 80's can stay as long as they want with the same rent agreement as signed back in 97.

Dads rent went up 20$ to 695/month. Way below market value.
The other 3 kids want me to sell it. I offered this house to them at 50% market value. House is worth around 110K$

newtboysays...

1) what part of that is a joke?
2) not all Cons are racists, but almost all racists are Cons.
3) All cons may not be blatant racists, but they all are willing to stand with blatant lifelong racists and support them and are willing and eager to support blatantly racist policies if the racists will support their candidates. You know a man by the company he keeps.
4) I rented 1/3 of an acre with utilities in California for $250 for 7+ years, when estimated rent would be up to $1500+Utilities, in order to give a needy person a home. After 7 years I raised rent to $300, 1/5 market value. Keep in mind my wife and I have lived on $30k a year +- for decades so she can work at a non profit blood bank helping the community. We could have used the money. Kindness isn’t monopolized by any one side/group, but it’s more rare from cons., as this video demonstrates.
5) if your siblings can’t afford to be that generous, you certainly shouldn’t force them to sell at that discount, and you should not take a dime. You control the estate, but you have a responsibility to distribute it evenly and fully, not give it away, not donate it to an elderly couple. You will ruin your family and your father’s legacy and they will be right to be mad at you for stealing their inheritance. Maybe offer it for $75k and take nothing yourself if you want to make a gift of it, absolutely don’t sell it at a discount without everyone’s agreement in advance. Trust me, I’ve been there.
6) are elderly people who need discounted rent really going to have $55k to buy even a discounted house? No bank would loan them money, they can’t pay it back. Is that a real offer?

bobknight33said:

@newtboy

With my dad passing last month he left me to deal with his rental house.

Dad, being a racist white Trump supporter screwed his tenant, which are black . That's how Trump supporters roll, right?

Dad taught me well and will deal with them according.

Zillow estimates rent to be 1500$/mo. Lucky he raised his rent before his passing.


Dads wishes is that this couple in their mid 80's can stay as long as they want with the same rent agreement as signed back in 97.

Dads rent went up 20$ to 695/month. Way below market value.
The other 3 kids want me to sell it. I offered this house to them at 50% market value. House is worth around 110K$

moonsammysays...

Greed knows no specific political affiliation, nor does charitability. We should all insist on policies that do more to help those in actual need of it, and to reduce rampant profiteering at the expense of human suffering. Squeezing your captive customers just because you can is a pretty universal "dick move." Imagine if we had solid policies in place that actually encouraged giving a hand up to those who've encountered misfortune, rather than treating them as suspicious and dangerous.

I think a big part of the problem, which I was sad to see go entirely unaddressed by the show, is that owning rental properties is such an appealing option for wealthy private investors. The long-term (and generally short-term) returns on real estate in the US have been absolutely bonkers for many years, and it's a much more stable investment than the stock market can prove to be. Professionally, I've been in a position to have an understanding of the finances of many wealthy people, and damn near everyone with net worth of more than a couple million ends up having quite substantial real estate holdings.

How about we instead find a way to award stable profits to those investing in schools, or public parks, or the arts, or... I don't know, anything else which doesn't ultimately take people out of their homes?

newtboysays...

My label says “keep away from children, choking hazard “.

I don’t have an expiration date, but I’m way past my “best by” date.

BSRsaid:

My label has an expiration date which kinda defines me

fuzzyundiessays...

I once got my life expectancy predicted by a witch doctor, on a hilltop in La Paz, Bolivia.

I'm actually planning on getting a tattoo on my ankle of my "expiration date" in the style of the old milk jugs.

BSRsaid:

My label has an expiration date which kinda defines me

BSRsays...

Excellent! I like the way you think. 🥛

Don't fear the reaper

fuzzyundiessaid:

I once got my life expectancy predicted by a witch doctor, on a hilltop in La Paz, Bolivia.

I'm actually planning on getting a tattoo on my ankle of my "expiration date" in the style of the old milk jugs.

bobknight33says...

1 no joke just some satire
2 off topic
3 off topic
4 Good deal and a kind landlord. That being said the landlord is under no obligation to rent to anyone under current market value.

5 Siblings all agree to let it go to the renters and the 50 to 60% discount . All I need is a email/ letter stating their agreement.


6 I think they might be able to do this at 5% down ( or zero). The bank will see a 50K equity in the new owners the moment they sign the papers.

For 30 years / fixed / 3500 property tax/year
At 120K @6% about 1200/month
At 60K @6% about 800/month
At 50K @6% about 730/month

Current rent 695/month
IF they / their kids can put down 10% ( 5K) payments drop about 100bucks

This is simple. Buy the house for 1/2 off and put 50K in you pocket at the closing.

newtboysaid:

1) what part of that is a joke?
2) not all Cons are racists, but almost all racists are Cons.
3) All cons may not be blatant racists, but they all are willing to stand with blatant lifelong racists and support them and are willing and eager to support blatantly racist policies if the racists will support their candidates. You know a man by the company he keeps.
4) I rented 1/3 of an acre with utilities in California for $250 for 7+ years, when estimated rent would be up to $1500+Utilities, in order to give a needy person a home. After 7 years I raised rent to $300, 1/5 market value. Keep in mind my wife and I have lived on $30k a year +- for decades so she can work at a non profit blood bank helping the community. We could have used the money. Kindness isn’t monopolized by any one side/group, but it’s more rare from cons., as this video demonstrates.
5) if your siblings can’t afford to be that generous, you certainly shouldn’t force them to sell at that discount, and you should not take a dime. You control the estate, but you have a responsibility to distribute it evenly and fully, not give it away, not donate it to an elderly couple. You will ruin your family and your father’s legacy and they will be right to be mad at you for stealing their inheritance. Maybe offer it for $75k and take nothing yourself if you want to make a gift of it, absolutely don’t sell it at a discount without everyone’s agreement in advance. Trust me, I’ve been there.
6) are elderly people who need discounted rent really going to have $55k to buy even a discounted house? No bank would loan them money, they can’t pay it back. Is that a real offer?

newtboysays...

1)Exactly what in your post was satire? This?….” Dad taught me well and will deal with them according.”? (Now THAT’S satire)
2)Directly on topic…you implied we think your dad must be racist because he’s Republican. I explained. Also, nice you don’t disagree with my explanation, you just incorrectly claim it’s off topic.
3) see #2
4) ? Only a moral and ethical obligation, or to Republicans, no obligation whatsoever. 🤦‍♂️
5) better get it in writing, yes. Even if your siblings agree, their children might not. You could be setting up a future lawsuit or the dissolution of your family. If everyone agrees, in writing, then good on you…..but as I mentioned, it’s not a real offer to sell because it sounds like the couple couldn’t afford any price. A real offer would be to let them rent to own at maybe a slight rent increase….they might be able to take advantage of that offer.

Edit: 6) If they have no new income, and barely bring in enough to pay the discounted rent, how do you expect them to come up with an extra $5k, +$3500 (and rising) per year, + $100+ per month more…especially with the Republican plan to make the poor pay more taxes, and end social security and Medicare/Medicaid …how will they ever convince a bank they can keep up payments? And they wouldn’t get 6%….wtf man? Do they have perfect credit? That’s prime, they don’t qualify for a fixed loan at prime rates if they need discounted rent….and no bank is going to give 80 year olds a 30 year loan. The highest prime rates were 21%, unlikely in the near future, but rates are skyrocketing. Now, if you carried the loan yourself, you COULD offer those rates, but a bank never would.
If their kids have cash and are willing to gift it to their parents regularly, and if your family carried the discount loan, it could work.

Sure, sounds simple, but reality isn’t that simple, especially if you don’t have a net worth more than the loan. Year one they would need a minimum of $10k extra to do this if your loan numbers were right, and they aren’t from a bank. Year 2-30 they would need $5k more than they spend now….+ all repairs, tax hikes, interest rate hikes, etc. a great deal to be sure, but not feasible for poor elderly people who will likely lose all their income if Republicans regain power. It more than doubles their housing costs year one.

bobknight33said:

1 no joke just some satire
2 off topic
3 off topic
4 Good deal and a kind landlord. That being said the landlord is under no obligation to rent to anyone under current market value.

5 Siblings all agree to let it go to the renters and the 50 to 60% discount . All I need is a email/ letter stating their agreement.


6 I think they might be able to do this at 5% down ( or zero). The bank will see a 50K equity in the new owners the moment they sign the papers.

For 30 years / fixed / 3500 property tax/year
At 120K @6% about 1200/month
At 60K @6% about 800/month
At 50K @6% about 730/month

Current rent 695/month
IF they / their kids can put down 10% ( 5K) payments drop about 100bucks

This is simple. Buy the house for 1/2 off and put 50K in you pocket at the closing.

luxintenebrissays...

sorry to hear your father has passed. truly. been there.

imagine partnering that w/the Jan 6 hearings, that'll make two men you admired, being lost to you.

'tho sounds like your father is the only one worth missing.

condolences on your loss.

congratulations on the gain.

bobknight33said:

@newtboy

With my dad passing last month he left me to deal with his rental house.

Dad, being a racist white Trump supporter screwed his tenant, which are black . That's how Trump supporters roll, right? [edited for brevity]

luxintenebrisjokingly says...

satire being 'all white men are racist'.

but it is too easy to find examples in the news.

finding Spanish is becoming more useful than planned.

newtboysaid:

1)Exactly what in your post was satire? This?….” Dad taught me well and will deal with them according.”? (Now THAT’S satire) [edited for brevity]

luxintenebrisjokingly says...

visited a site that calculated a person's time of death.

what fun.

then noticed the driver's license and library card both expired within a couple of months of the predicted demise.

it's a coincidence - right?


BSRsaid:

My label has an expiration date which kinda defines me

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