Housing prices have been skyrocketing all over the so-called “developed world”, and while various other excuses have been made, the primary problem seems to be rentier capitalism – buying something that other people need, for the sole purpose of denying access to anyone who doesn’t pay. I don’t think there’s much question that we could stand to build more housing, especially in some areas, but owning other people’s homes as a profit-generating investment is, by default, going to increase the cost of housing. Not only do landlords have an incentive to keep raising rents, they also have an incentive to keep buying up more homes, driving up the prices, and moving home ownership ever farther out of the reach of people who work for a living.
And on the subject of work, collecting rent is what’s known as “passive income” – you are paid for doing no work at all, simply because you control access to a necessity, because the government will enforce your claim. Some landlords will also do things like maintenance work, but most hire others to do that, using the money given to them by their tenants. Landlords do not work for the money tenants give them. This is an inherently exploitative business model, and yet another aspect of capitalism that can only exist because the government participates on behalf of the landlord. Absent that power, the landlord would need to take care of their own enforcement, and at that point we’re basically back to feudalism.
When we talk about corporate home ownership, and rising rents, I tend to think about cities, where a single entity can own whole blocks of flats, or one rich asshole can own dozens of multi-family houses, but the reality is that this is happening everywhere, and it seems unlikely that it will stop until nobody owns their own home anymore. Case in point, a Welsh village built in the 1500s, to house workers in a slate quarry.
Sixteen homes in a historic Welsh hamlet built for workers at a 16th century slate mine are up for grabs for £1million after the asking price was slashed by £250,000.
Estate agents have been looking to sell the historic slate mining village of Aberllefenni since 2016, but uncertainty over Brexit meant a deal has never materialised.
Having originally put it up for sale for £1.5million, the asking price dropped to £1.25million in November 2019, only to lower it once more in the hope of securing deal.
Estate agent Dafydd Hardy previously said it would be ‘an excellent investment opportunity.’
Work in the nearby slate quarries apparently stopped in 2003, and it seems like the people who live there have never actually owned their homes. There’s no question that the people whose homes this places in danger have done nothing to deserve having their lives turned upside down for someone’s “excellent investment opportunity”, but under capitalism, poverty itself is deemed worthy of punishment. If you get steamrolled by some corporation or an individual rich asshole, that’s your fault for not being rich enough to defend yourself. And yes, in case you were wondering, we have heard from one of the people affected, whose rent has been raised since the village was bought:
Sara Lewis, 55, who has a lung disease, has to use her oxygen bottle on the bench at Aberllefenni, Gwynedd.
Her rent has increased from £435 to £550 after her new landlord bought the property and 15 others in the village.
Walsh Investment Properties said the original rental amount – under a previous landlord – was “not sustainable”.
“My home is my haven,” said Ms Lewis, who has lived in the property, Glanyrafon, for 22 years.
“The furthest I’m going is the bench. If I belong anywhere, it’s Glanyrafon.
Ms Lewis receives £300 as part of her Universal Credit payment towards her monthly rent, and has recently heard that Gwynedd council will provide £100 of discretionary funding, which leaves her to find an extra £150 each month.
“I’m protesting about the [UK] government to begin with for this standard £300 a month rent, which is ridiculous, and against Gwynedd council.
“It’s so stressful. It’s just a horrible situation to be in.”
Ms Lewis, who cannot work because of her emphysema, has spent six hours each day sitting on the bench between last Monday and Friday.
She said that being out in the wind and the rain is affecting her health but she is prepared to continue next week.Walsh Investment Properties director Chris Walsh has previously said that most of the properties had been paying “a low rent for a number of years”, adding that was “not sustainable in the current economy [and] we feel it is fair and reasonable to charge a market rent”.
Fair and reasonable, because profit for the rich is more important than life for the poor.
Oh, did I say earlier that she’d done nothing wrong? I’m so sorry I lied to you about that – she committed the absolutely heinous act of being unable to work due to illness. This, of course, means that she must be turned out of her home, because only people who WORK deserve to live with dignity. You know, like the millionaire couple who bought her home and raised the rent:
Now, a report by the Daily Mail has depicted the lifestyle of the Chris and Lisa Walsh.
It claims that they enjoy a lavish life of travelling across the world, including Mrs Walsh posing for photos outside the five-star Bellagio in Las Vegas in 2019 and her Facebook cover photo backdrop being a stunning view of the Greek island of Santorini, reports NorthWalesLive.
Now, one should not trust the Daily Mail, in general, and maybe this is my bias speaking, but I’m inclined to believe them. Like I said at the top, being a landlord does not involve actual work, It’s just a way to profit off of the fact that an awful lot of us can’t afford to own our own homes, but if we don’t get shelter, we’ll probably die from exposure. To me, this story highlights the lie that anyone can get ahead under capitalism. The village was built, apparently as a sort of company town, in the 1500s, and its most recent owner was a slate company that was established in 1861. It seems unlikely that the people living in that village ever had a real opportunity to build wealth from their own labor, or own their homes. The jobs “created” by the wealthy only ever really benefit the wealthy, or those jobs wouldn’t exist. This is what it looks like when everything is built around money and those who hold the most of it- nobody has a right to live in dignity and security, unless they’re rich enough to profit off the labor and suffering of others.
If you want to help me pay rent, you can do so by signing up at patreon.com/oceanoxia. There aren’t currently a lot of benefits, beyond the feeling of joy that comes from giving me your money, but I’m working to change that, and if you can spare a dollar or two per month, you can even influence that process! How exciting!
