Skip to main content

View Diary: STUNNING: When a Single Image Cuts to the Core of an American Injustice (151 comments)

Comment Preferences

  •  May be we should ask for (14+ / 0-)

    outrageous high property taxes for each second home that stays empty for over 30 percent of days within a year, so that the wealthy investors don't buy up land and build frigging useless mansions on it that are never occupied by their owners.

    Empty mansions in Potomac, MD and elsewhere ... let's just start over there.

    I have asked myself the question The Troubador is raising since at least twenty years. I pass by the homeless every day and see right behind them massive amounts of empty office, condo and commercial space. If I drive through the rich residential areas northwest of Washington DC, you see empty houses all over the place.

    What an infuriating situation. And rentals don't go down in prices for these empty spaces. Nowhere can I see a free markect correction. Would be nice if I understood which laws make the market so utterly "non-free".

    "When Injustice Becomes Law, Rebellion Becomes Duty"

    by mimi on Sat Feb 04, 2012 at 10:29:35 AM PST

    [ Parent ]

    •  Put The Homeless IN The Empty Mansions Too! (8+ / 0-)

      Yes, mimi the housing market needs serious adjusting back down to reality where the value of homes are concerned.

      My Mother bought her house in NJ in 1965 for $25,000.  

      In 1993 it was legitimately worth $150,000 when we sold it. But by 2000 similar homes were selling for over $450,000!

      In 1973 I paid $125.00 a month rent for a 4 room apt.

      In 2005 I was paying $670.00 a month rent for a two room apt.

      Another small (incredibly small, said 3 rooms but was the same size as mine, with another wall added was renting for $1,000 a month since it's tenants moved and that's high high the rent was allowed to go up to for a new tenant, even with rent control!

      And they wonder why people are homeless!

      Brought To You By That Crazed Sociologist/Media Fanatic rebel ga Be The Change You Want To See In The World! Gandhi

      by rebel ga on Sat Feb 04, 2012 at 12:55:04 PM PST

      [ Parent ]

      •  oh, I have seen it all (7+ / 0-)

        NW Washington DC - Westside of town

        1970 a three bedroom (small rooms) house in one of the best Washington DC neighborhoods - $40,000.00

        1980 same house $170,000.00
        1999 same house $ 380,000.00
        2007 same house $ 650,000.00

        surrounding houses all over $ 800,000.00 with historic
        mansions running 1.2 million to 1.8 million til today just two blocks away.

        The house had absolutely nothing special going for it inside. Barely two bedroom, 2 Bath (small), small kitchen, one walk-through study, basement not liveable in winter (wouldn't heat properly), all windows had to be replaced (aluminum casement windows), not much of a garden at all.  But it was "the best neighborhood Washington had to offer"... ahem. My parents lived in a similar house, their first one, after WWII in Germany with me being born there, in "the best neighborhood of Hamburg". They were able to move out and up by 1954.

        Northeast of Washington DC out towards Maryland:

        Old historic co-op. Smallest little tiny townhomes, most simple construction. FDR created co-op for WWII veterans to give them a home (basically to help them to not being homeless ... ah ja, 60 years later, times haven't changed, haven't they?)

        before 1948 priced at $ 4,000.00 - $ 6,000.00
        1950 to 1980 priced at $10,000.00 to $ 30,000.00
        2001 priced at $125,000.00
        2007 priced at $240,000.00
        Today priced at $180,000.00
        Coop Fees have risen that single elderly living on SS have difficulties paying the coop fess and the heating. People can't afford to move out of it and aren't allowed to rent the units out. Stuck in their misery, but having still a roof over their head.

        I could sing you a song about Hawaii real estate and rental prices, but I really am not in the mood for it. I have a grudge against sharky and rich  real estate investors from the US West Coast and Alaska, who ruin the real estate market for normal people in Hawaii (including native Hawaiians), imo, you know the below 50% of the 99%-ers. I think it's more than discouraging. It's wrong, imo.

        "When Injustice Becomes Law, Rebellion Becomes Duty"

        by mimi on Sat Feb 04, 2012 at 01:39:07 PM PST

        [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site