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this post was submitted on 09 Dec 2024
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No Stupid Questions
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No such thing. Ask away!
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Any landlord that uses a residential family home as an investment is a parasite.
If you want to invest in real estate, purchase commercial, retail, and industrial properties. Nobody needs those things to live. The reason why this is harder is that the companies who tenant these properties generally have the leverage and means to not get exploited (though some small businesses still do get exploited)
If nobody is renting out family homes, there will be no family homes to rent. Many people prefer to rent their home.
What constitutes an "investment"?
If you buy a home and have a roommate so you can afford the mortgage is that an investment?
If you buy a home and then sell it down the road for a profit, is that an investment?
I and I think many in the left would say no to both of those, especially if you lived there yourself in the second case. The abhorrent behavior is buying multiple houses and charging rent that is high enough to not just cover mortgage and maintenance but also turn a large profit, enough to where you can live entirely off of it at the expense of your tenants. And do things like raise the rent every year because "the market allows for it" even though your mortgage cost hasn't changed.
There is obviously a grey area in between that everyone will have different opinions on. But in my view it is POSSIBLE to rent a property ethically, using lower than industry rents and being generally nice about it rather than viewing it as an opportunity for exploitation
I would certainly agree with that. But those actions also perfectly describe any capitalist behavior. And it's that inconsistency in views that I've been poking at here. Some want to excuse other capital-focused actions as acceptable but then condemn real estate as though somehow that's different. To me both are essentially exploitative.
I think it's a spectrum, some are worse than others. This one is particularly incensing as it drives house prices up for average consumers. Me putting my meager retirement savings in stocks, while still arguably just as much a capitalist behavior, feels a little less negative on the working class. But maybe it is and I just don't understand economics enough for the nuance
So capitalism is "ok"... sometimes?
If investments in stocks is "just as much capitalist behavior" then what makes investments in real estate somehow worse? Because you could literally be investing in companies that, as an example, seek to privatize access to water or healthcare or other things I would consider basic human rights just as much as housing. At a minimum all companies exploit the labor of their workers in parasitic ways.
"feels a little less negative on the working class" is highly subjective. I can personally see no difference between owning real estate and renting it out vs investing in companies that exploit people in other ways. Many capitalist activities that you could invest in have extremely far-reaching and long-term adverse effects, some very direct, such as use of fossil fuels.
So quite literally it feels like many complain about landlords as a kind of bogey man while the chemical plant down the road is giving their kids brain damage and another is denying them basic health care.
No landlords are "parasites". Rental property owners provide a valuable service.
Thanks for your honesty about which side you've chosen, saves a lot of trouble
The only thing worse than parasites are the lifeforms that feed on their droppings. At least the parasites have enough self respect to merely suck blood.
By parasites, you mean people who don't pay their rent causing an increase in costs for others.
Lol, parasite cope.
No definitely not. You're adding nothing to the conversation so I'm blocking you.