#rent

irreversiblechaos@iviv.hu

I have had an interesting new year and maybe its just me but patterns seem to emerge which I find interesting so I’m going to share these with anyone who cares.

I was about to embark on a great holiday around Asia until a doctor rang me and informed me that a CT scan I had just done showed I was about to die from heart failure. This was a bit of a surprise as I’m pretty fit and the only reason I did the scan was to try to find the reason for an arrhythmia I get after intense exercise.

So I stayed home in misery reading books and looking at heart problems on the internet hmmm.

Anyway the book I read was The Fate of Civilization by Michael Hudson and as I read it and read about heart health I saw a common theme

I have not delved to much into health just no smoking, fit, moderate diet but as I dived into the heart I found out about Nitic oxide. You might know about it but I didn’t. Nitric oxide is produced by the bacteria in the mouth and stomach as well as within the body by various processes and it is a key component in health from circulation to the immune system

When they discovered my heart condition I was prescribe aspirin and an anticoagulant, statins, beta blockers and a vascular dilation drug. Each one of these drugs either sapped my energy, ruined my sleep, upset my stomach, made me anxious or upset my heart rhythm. I actually felt terrible even though this was for my health.

To top it of each one of these drugs inhibited the formation of nitric oxide.

In The Fate of Civilization Michael Hudson showed that it was unearned income that is destroying our economy and society as well as our ability to save our environment. There are a lot of things around this such as debt and the belief that all debt must be paid but this all revolved around the belief that unearned income was a legitimate income and the ability to extract this must be protected.

The extraction of unearned income in the form of rents, interest, resource use and intellectual property is the major cause of our wealth disparity, it is the reason countries are kept in poverty and why our environment is degraded.

So what do nitric oxide and unearned income have in common?

I have heard no discussion of either of these topics outside of the alternative media. I go to my doctor, do a blood test and am offered statins which are an industrial solution to a problem caused by the industrial nature of our food. I will have a stent which is more industrial solutions and each one adds to GDP. My ill health creates economic benefit according to economists but it is the industrial system and those who own this system who benefit.

With unearned income in the form of rents or interest people are made poorer, demand declines and the countries debt expands, the solution we are told is austerity or a reduction in public services or privatization of our resources. These are the solutions proposed by those who have extracted the unearned income form our countries and their solutions will only benefit them again.

You might say I was told to eat my greens but to be honest I never realised why or the process involved from the greens to my health, I was never told about the role Nitic oxide played and maybe its because my doctor was never taught. This is the same as our economy, most of our economists have probably never heard of unearned income as they are taught all income is earned.

I then read this article about our duty to speak honestly. Now totalitarianism might be some distance from nitric oxide but it is closely linked to unearned income as this is the key that puts the one percent in the one percent.

So read or listen to Michael Hudson and learn about unearned income and talk about unearned income to anyone and everyone. We need to make it part of our language. Oh and don’t forget to eat your kale and beets you need a healthy heart to keep the conversation going.

cheers

here’s a link to Michaels site to

https://michael-hudson.com/

I forgot my hash tags

#economics #money #power #war #inequality #income #rent #manipulation #hearthealth #nitricoxide

tpq1980@iviv.hu

Jeremy #Corbyn is a #multimillionaire with an income 461% more than the #UK average. He comes from #wealth & lives in Finsbury Park where the average house price is 263% above the UK #average & the #median #household #income is 50% above the UK average.

Corbyn is a champagne #socialist & his wealth insulates him from every negative aspect of the mass #migration he advocates for.

Mass migration stagnates #wages, drives up #rent & house prices, puts additional demand on #infrastructure & social services & leads to ethno-linguistic fragmentation of autochthonous #British cultures.

#jeremycorbyn #champagnesocialist #usa #hypocrisy #labourparty #leftwinghypocrisy #leftwingelitists #londonelites #elitism #richmennorthofrichmond #plutocracy #westminsterbubble #globalism

steelnomad@diasp.org
Hey homeowners!
Want to help destroy the US by hollowing out the middle class's ability to build wealth?
Easy, sell your home to a corporate criminal slumlord :)

Reddit thread: Experience selling home to Invitation Homes?

Don't worry, you morally bankrupt fools... No need to let your conscience get to you. After all the slumlord and its shareholders will make zillions of dollars!

#corruption #economics #injustice #housing #USA #evil #rent #slumlords #homeownership

florida_ted@diasp.org

Large corporations are making record profits

but many small businesses can't even pay their rent!

Regarding rent increases, 45% of poll takers said their rent is at least 50% higher today than it was prior to COVID with 24% saying it's at least twice as high.

To see lots of details about business sectors, states, and provinces in #USA and #Canada, see link below.

#SmallBiz #local #business #rent #delinquency #corporate #profits

https://www.alignable.com/forum/august-rent-delinquency-breaks-2022-record-up-6

dredmorbius@joindiaspora.com

A nationwide wave of evictions threatens more than six million families

The maps on this NYTimes piece are sobering.

Discussions often portray housing affordability as a San Francisco, or tech-region, or coastal section. The map on this article (enable JS to view) clearly shows that it is not: housing precarity as measured by households owing back rent is pervasive across the US, and especially concentrated well away from tech hot-spots: California's inland valleys, the deep south, a large swath of (very non-urban) South Dakota, likewise much of New Mexico. There are counties with high-delinquency rates in virtually every state.

The total accrued debt is $23 billion, $2,300 per household (this in a country in which half of all households cannot pay a $400 unexpected expense). A second map shows the amounts owed by household --- that shifts slightly more coastal (where rents are in fact higher in nominal terms) but again shows a pervasive problem.

It's not merely one of the too-common HN canard "you have no right to live in one of the most expensive region" --- this is unaffordability of a fundamental Maslovian need across an entire country. Something is very badly broken with how the US chooses to provision and manage its housing, and incomes (wages, pensions, welfare support).

https://www.nytimes.com/2021/07/28/opinion/covid-eviction-moratorium.html

Paywall: https://archive.is/742qv

#Housing #Poverty #Inequality #Evictions #Rent #Renting #LivingWage #Covid19

dredmorbius@joindiaspora.com

SF, Silicon Valley rents plunge amid downturn: 'Never seen anything like it'

... Rents for a one-bedroom apartment dropped most in the cities richest in high-paying tech jobs, falling 9.4% in San Francisco compared with May of 2019. In Mountain View, home to Google, rents fell 15.9% year over year, while in Apple’s hometown of Cupertino rents dipped 14.3%, according to the rental search engine Zumper. In San Bruno, where YouTube has its offices, rents tumbled 14.9%.

“It’s a dramatic drop in San Francisco and the South Bay,” said Zumper CEO Anthemos Georgiades. “This is real. We have never seen anything like it.”

While rents are down across the country, the drop was more severe in high-priced coastal cities that over the past decade have been most attractive to tech entrepreneurs and their investors, Georgiades said. Several of the biggest employers in those cities, including Facebook and Google, are allowing employees to work from home through the end of the year, while San Francisco’s Twitter and Square have said many employees will be allowed to work remotely permanently. ...

https://www.sfchronicle.com/business/article/San-Francisco-Silicon-Valley-rents-saw-sharp-15307118.php

#rent #sanfrancisco #siliconValley #StartUps #LVT #housing #economy #economics #covid19

dredmorbius@joindiaspora.com

Mortgage industry can't make the rent

The problem is that mortgage servicers, even after granting homeowners forbearance, are still on the hook with investors to continue paying principal and interest on the mortgages. They also must make payments to mortgage insurers, property insurers and local tax authorities.

Maybe serve them a 48 hour pay-or-quit.

https://www.cnn.com/2020/03/26/business/mortgage-payment-coronavirus-stimulus-federal-reserve/index.html

#covid19 #EconomicImpacts #housing #rent #assets

dredmorbius@joindiaspora.com

The Cheesecake Factory Tells Landlords Across the Country It Won’t Be Able to Pay Rent on April 1

...The Calabasas Hills-based company informed all of its landlords in a letter dated March 18 (reproduced below) that a severe decline in restaurant traffic has decreased its cash flow and “inflicted a tremendous financial blow” to business. Cheesecake Factory’s affiliated restaurants, such as Rock Sugar and North Italia, will also not make April 1 rent payments....

Let them eat cheesecake.

https://la.eater.com/2020/3/25/21194144/cheesecake-factory-rent-strike-chain-restaurant

#covid19 #coronavirus #rent #cheesecakeFactory #restaurants #economicImpacts