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Who got that landlord money?
(lemmy.ca)
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Laittakaa meemejä tänne.
I mean I guess if it takes you most of your life saving up to buy a house to rent out, but thats not really what we have now we have all these equity firms and stuff
This is the real problem. People on Lemmy like to lump “landlords” into this one big group. If someone buys a second house as an investment property and rents it out to cover the mortgage and if fair and responsible to the tenants, I don’t see why that’s a problem. They could have put the money in a brokerage account in stocks. Then some equity firm buys the house instead. The renter rents either way. But in the first scenario the property still belongs to members of the working class. In the second scenario it belongs to the equity firm, slowly eroding middle class residential ownership, and if that continues soon all property will belong to corporations rather than individuals.
Also no one person owns a large scale apartment complex. Pretty sure those are all owned by corporations.
And that’s really why people should be upset. Not uncle Bob renting out his in-law unit so he can make a few extra bucks. (What’s he supposed to do, let it sit unoccupied when that’s housing someone could use?)
If you're making passive income from someone else's labor by leveraging the fact you own the basic necessities of survival, you're not in the working class. "Lemmy" lumps landlords into one big group because there's literally zero difference in the fundamental relationship. Mom and Pop landlords aren't better than small business tyrants and the exact same bullshit is spread around defending them.
spoiler
Tell me you expect to inherit your parent's house without telling meJustifying rent seeking just encourages buy in to the very system he's complaining about. Confusing assets with value production. It's like a form of corruption that seems normal because it's how Western society operates.