this post was submitted on 09 Dec 2024
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No Stupid Questions

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Reason I'm asking is because I have an aunt that owns like maybe 3 - 5 (not sure the exact amount) small townhouses around the city (well, when I say "city" think of like the areas around a city where theres no tall buildings, but only small 2-3 stories single family homes in the neighborhood) and have these houses up for rent, and honestly, my aunt and her husband doesn't seem like a terrible people. They still work a normal job, and have to pay taxes like everyone else have to. They still have their own debts to pay. I'm not sure exactly how, but my parents say they did a combination of saving up money and taking loans from banks to be able to buy these properties, fix them, then put them up for rent. They don't overcharge, and usually charge slightly below the market to retain tenants, and fix things (or hire people to fix things) when their tenants request them.

I mean, they are just trying to survive in this capitalistic world. They wanna save up for retirement, and fund their kids to college, and leave something for their kids, so they have less of stress in life. I don't see them as bad people. I mean, its not like they own multiple apartment buildings, or doing excessive wealth hoarding.

Do leftists mean people like my aunt too? Or are they an exception to the "landlords are bad" sentinment?

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[–] [email protected] 21 points 1 month ago (7 children)

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)

[–] [email protected] -1 points 1 month ago

If nobody is renting out family homes, there will be no family homes to rent. Many people prefer to rent their home.

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[–] [email protected] 15 points 1 month ago (5 children)

I rent out my upstairs. Should I kick them out? All of my tenants have loved me, I rarely raise rent, and include Internet and utilities. Nuance.

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[–] [email protected] -3 points 1 month ago (3 children)

They mean everyone. It's inconceivable that anyone would keep any wealth for themselves or their children. To .ml leftists your aunt is the same as T swift and there is no tasteful away to ever possibly have a better situation than they have.

But.

Fuckem :)

Bring me your downvotes.

Nobody needs to be a billionaire, but that's a tax and government problem. Nobody needs to starve, see above. ALSO, stupid people and smart people exist, and sometimes it's YOUR FAULT for being on the dumb end of the stick.

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[–] [email protected] -1 points 1 month ago

"Leftists"

Hmmm....

[–] [email protected] 41 points 1 month ago* (last edited 1 month ago) (26 children)

Unless your aunt is transferring equity in those homes to the tenants based on the amount they pay in rent, then yes, she's a leech. "Providing shelter" isn't the service your aunt is providing; she's just preventing someone else from owning a home.

And before anyone says "but renting is all some people can afford, they can't save up enough to make a down payment" - yes, sure, that's true. But that's a symptom of the shitty housing market (really the shitty state of the middle class in general*), and landlords aren't making it any better by hoarding property, even if it's "just" 3 to 5 townhomes.

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[–] [email protected] 16 points 1 month ago

As a leftist landlord, we mean all of them.

[–] [email protected] 30 points 1 month ago (1 children)
[–] [email protected] 60 points 1 month ago* (last edited 1 month ago) (5 children)

It's all.

Buying a house as an "investment" is what we call "scalping" in other businesses. Not to mention the fact that this type of buying worsens housing prices and increases homelessness for personal gain, even on a small scale.

The only exception I can give is people who rent out part of their own home, as this situation actually creates available housing.

[–] [email protected] 8 points 1 month ago

Exactly. Housing is finite and other people live here too.

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[–] [email protected] 22 points 1 month ago

When we say landlords are bad, it's not really about the individual people so much as it's about the system as a whole. Ideally, the human right to housing should be guaranteed for everyone, along with the right to be cared for in retirement. How many elderly people don't own their own homes, and have rent to pay as an additional expense making it harder for them to retire? Sure, landlordism can provide a source of income for people who can't work, but for every case of that, there's another case of someone who can't work who doesn't have the privilege of owning a home, such that the existing system makes them even more desperate. So logically, it doesn't really make sense as a justification.

Cases like this should be considered when we're looking at how best to implement our ideals, but not for determining our ideals in the first place. The just thing is that everyone should have a secure place to live. That's the ideal. In implementing that ideal, we should consider that houses currently are used as a form of investment and many people simply use them that way without a second thought, because of social norms. If we simply seized and redistributed everyone's properties tomorrow, some people like your aunt would be disproportionately affected, compared to if they had invested in stocks that can be just as unethical. It would probably still be better for most people than doing nothing, but we ought to craft policy in such a way that we're not trolley probleming it (except regarding the people at the very top, for whom it's unavoidable), but rather such that it provides benefits while harming as few people as possible.

When society is organized justly and the wealth of the people on the top is redistributed, there will be enough to go around that everyone ought to be able to benefit from it. Therefore, it shouldn't be a problem to compensate small landlords for their properties and ensure that they aren't harmed by any changes in policy.

[–] [email protected] 0 points 1 month ago (2 children)

My landlord sends me a legal 14-day notice to pay or leave the day after my graceperiod(first of the month to the fifth) before my first paycheck of the month. This is en lieu of a simple email or phonecall. They communicate with legal threats even though I clue them in on months that would be difficult. The valuation went up on the property recently and I am halfway though a one year lease. They want to increase the rent again but can't do it without improvements and a new tenant.

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[–] [email protected] 22 points 1 month ago (1 children)

As a guy who rented out one house for a very fair price i can tell you I'm the devil.

[–] [email protected] 4 points 1 month ago
[–] [email protected] 7 points 1 month ago* (last edited 1 month ago)

The problem in Ireland is when big American moguls go and buy up properties in Dublin to rent out en masse, effectively just sucking money out of the country. We always need people to lend out property on rent free cheaper than a mortgage. Landlords are vital for those who cannot afford a mortgage. But these landlords are the smaller ones - like your aunt.

Ideally as well economically, the tenants should be people who are starting off or not intending to live permanently - like holidaymakers or students

[–] [email protected] 13 points 1 month ago (2 children)

Making money on the back of someone else with little to no work of yours is parasitic. Having enough money at one point in life to become a parasite doesn't change anything.

[–] [email protected] 0 points 1 month ago (2 children)

Rental property owners do not "make money off the backs" of anyone. It's about trading money for a service.

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[–] [email protected] 2 points 1 month ago (1 children)

Have you considered, on the other side of that coin, if you don't have that money to be a parasite for doing little to no work at some point in your life, you're a parasite because you have nothing to contribute that anybody wants?

Nobody needs to go without a place to live or be hungry and we can ALL fight to make sure that's the case, but don't be an entitled fucker in the crab bucket because you kinda suck at decision making.

EVERYONE deserves a place to live, something to eat, medical care, clothes to wear, etc etc, but let's not be delusional: some people are taking shit they in no way shape or form contributed to receiving. So maybe don't be we don't toss around words like "parasite" when you need a handout, yeah?

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