Friday, March 28, 2025

*sigh*.

this is utterly stupid. again.

the problem right now is bourgeois professionals in the middle class buying cheap houses with small downpayments and having to hike the rent to pay off interest rates. that's what is happening to me. the people that bought my home are not corporate landlords, they're a middle class family trying to find a way to pay their own bills by offloading them to renters. this is called rentier capitalism and it is not about faceless corporations, it is about regular people in the middle class acting like parasites by using rent as a side hustle instead of working a second job to raise extra money. it's the latter that needs to stop, not the former.

in fact, if a large corporation bought this house (it wouldn't, but go with me) outright with cash instead of with a minimal downpayment and a huge loan with a high interest rate, it could charge less rent because it would have lower margins. that's actually what low income people, need - more upper class owners buying property that aren't paying interest rates and can operate at lower margins. i'm probably going to end up in a corporate apartment building with a higher margin because i can't afford the offloaded hike on interest rates that smaller landlords are paying right now, which is blocking me from renting another basement apartment.

a far more informed, intelligent and helpful policy would be to ban people from renting property until they have paid off more than 75% (or more) of the mortgage on the property, first. the middle class should not be allowed to offload their bills on the poor by buying up cheap property that they'd never live in themselves and then inflating the rent to levels that drive the poor further into poverty, and which they have no choice but to pay. this is predatory and parasitic; it's "rentier capitalism" at it's worst. this cuts the banks and the middle class bourgeoisie (who are the problem) and not the corporate sector out of the process. it would discourage bourgeois middle class people from becoming rentiers and shift the process of renting properties back to the wealthy (and to the corporate sector), which would lower rent costs because it would require less borrowing from the bank and because it would assert an economy of scale, rather than five million "small business" independent mom and pop entrepreneurs that need to raise money to pay for their kids and fund their cocaine habit somehow.

but this is the ndp, canada's protest party for rebellious 12 year-olds, and they're instead going to blame it all "on corporations", without any sort of analysis, which they simply don't have. the ndp should have a deeper class consciousness and a coherent class analysis. they don't. they want to appeal to the alienated children of the bourgeoisie to send them funding and donations, instead.