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sebmck's profile
Sebastian
Sebastian
Sebastian
Verified account
@sebmck

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SebastianVerified account

@sebmck

JavaScript boy and “lovely thoughtleader” ⌨️ he/him ♂️

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Joined April 2011

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    1. Sebastian‏Verified account @sebmck Mar 29
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      I didn't realize how much I hated landlords until I realized that most of the planet are paying other peoples mortgages

      26 replies 11 retweets 227 likes
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    2. Remi Rousselet‏ @remi_rousselet Mar 29
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      Replying to @sebmck

      I've seen many people complain about it. But I don't really understand. What's the problem? Having moved recently to a new country, I wouldn't be able to live without landlords Banks wouldn't accept lending money to me. And I'm not sure I want to stay here forever either.

      2 replies 0 retweets 30 likes
    3. Sebastian‏Verified account @sebmck Mar 29
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      Replying to @remi_rousselet

      I specifically mentioned landlords with mortagages. They fundamentally increase the price of housing for others. Many areas where the cost of rent matches, or exceeds that of a mortgage. Including the Bay Area.

      5 replies 1 retweet 19 likes
    4. Remi Rousselet‏ @remi_rousselet Mar 29
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      Replying to @sebmck

      But they have a mortgage to pay when you don't. They are absorbing the risk for you. If you suddenly lose your job or want to relocate, you can. But if you had a mortgage, you wouldn't be able to.

      1 reply 0 retweets 25 likes
    5. pngwn‏ @evilpingwin Mar 29
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      Replying to @remi_rousselet @sebmck

      That isn’t how it works in the UK, you don’t sign a simple rolling contract. You’re tied in for 6-12 months at minimum. Breaking those contracts can be difficult, expensive, and bad for your future renting prospects. Hardly risk free.

      3 replies 0 retweets 4 likes
    6. Remi Rousselet‏ @remi_rousselet Mar 29
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      Replying to @evilpingwin @sebmck

      I'm currently in London with a 1y contract It's still marginally better than a 20+ years mortgage when I don't even know if I'll still be in London in 5 years.

      2 replies 0 retweets 8 likes
      Sebastian‏Verified account @sebmck Mar 29
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      Replying to @remi_rousselet @evilpingwin

      A vast majority of people are not moving every year, let alone moving country or city.

      1:15 PM - 29 Mar 2020
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      1 reply 0 retweets 1 like
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        2. Remi Rousselet‏ @remi_rousselet Mar 29
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          Replying to @sebmck @evilpingwin

          But this vast majority of people can buy the house themselves And that's probably exagerrated to say "vast majority". I'm pretty sure many of the <30 years old don't know if they'll stay here forever

          1 reply 0 retweets 6 likes
        3. pngwn‏ @evilpingwin Mar 29
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          Replying to @remi_rousselet @sebmck

          Most people renting in London cannot afford to buy at all, regardless of how long they want to stay. Price inflation is a real issue.

          1 reply 0 retweets 2 likes
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