773
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
773 points (100.0% liked)
Personal Finance
3819 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
People require to land to live on, it is a basic necessity, and basic necessities absolutely should not be considered an investment.
Literally any other type of business.
People should still be able to own land for their own personal use. Land used to extract wealth on the other hand should be more tightly controlled. We should ideally implement georgism to free up the land that the rich own and to increase land use efficiency. After that ownership should look pretty much identical.
If the "safest most attainable way" to get wealth requires others to be homeless or unable to afford a basic necessity then it isn't not worth it.
And it arguably isn't the most attainable way, because so many people are being priced out of owning a home because of the current system's failures.
To use it for a business or enjoyment. I'm not sure where you are going with this.
Yup. I'm ok with some kinds, just not the kind that fucks over the creation/distribution of basic necessities.
Yeah that's bullshit too and shouldn't be allowed. Even for personal use/enjoyment there should be a hard limit.
That's bullshit too.
Anything not needed for human survival.
This is just a whataboutism fallacy.
Landlords do no more to provide housing than ticket scalpers do to provide concert tickets.
Landlords don't work hard. Owning is not a job that provides for society.
I sure am aware. And I'm always aware that the people who do those things aren't landlords. They're construction workers and maintenance workers.
The landlords take no such risk because the demand for housing is so high that any vacancies can be filled as quick as they like.
Funny how "what the market can bare" equates to entire generations being priced out of owning a home.
That's not true because housing is not the only form of wealth.
And did I say I approve of that? No. That's why it is a whataboutism fallacy. The topic is housing. Pointing out other horrible ways to use land doesn't change the fact that the current housing situation is bullshit.
More people could afford to own their house if not for landlords hoarding the supply.
Those cases are rare.
https://ipropertymanagement.com/research/landlord-statistics
This is again a rare case.
It's all of the above. Landlords are a part of the problem, and I never once said they are the sole problem.
When what you're selling is a limited resource necessary for survival, "what the market will bear" easily becomes "all the money you make". Otherwise you end up homeless and won't be making any money.
And? Should we be trying to help people earn income for doing dick all?
It can take 30 years for the tenants to pay it off. Landlords aren't paying for that out of the goodness of their hearts. It's instead ultimately the tenants.
They hire people to do that, they don't do it themselves.
You getting exploited for free labor by your landlord grandparents only further proves my point that landlords don't actually do any work.
You've missed my point.
What do you think "passive" means in the term "passive income"? I don't care if it becomes harder to earn "passive income", especially if it's coming from people just doing what is necessary to survive.