phindex

I’m trying to help you understand. You want to insult me, and make moral arguments outside the scope of basic economics.

wtf. You people are nuts.

The only reason why he doesn’t have enough is because people like you have too much.

This should be satire.

Of course it is. If it wasn’t, I wouldn’t be able to sell it, take the money and invest in something else.

Oh, a utopia. Where everyone works for free.

If you start treating everyone who’s making a profit by owning a property and renting it out, as a piece of shit, soon you’ll have everyone avoiding renting property altogether, and simply selling, and investing their capital in something that returns a profit. You know the stock market, Bitcoin. The bottom line is a rental property is just a business like anything else

Yea, and if he had just sold the property in the first place there wouldn’t have been a house to rent at all.

The renting part isn’t even that bad, the owning part and selling for profit is the problem.

What are you talking about? I buy a house for $200k in 2012, real estate market goes crazy and now my house is worth $500, selling it for market value iis… wrong?

This is like saying that in order for business owners to exist there have to be people who want the products that that business provides. So what?

actual landlords, which are mostly large corporations that simply own property and collect income.

You can think of a landlord, whether it’s a giant corporation or a family that owns two homes and rents one out, as an investor. They choose to keep their money in a property which they rent to someone else for a profit. But they do this rather than selling the property and investing in a restaurant, a local shop, the stock market, or just blowing the it.

Yeah, it turns out that a system that rewards people for simply having possession of something leads to behaviors that are harmful for society.

That’s not what renting a property is. Have you noticed when the water heater goes out in your apartment, you don’t pay for it? People who own properties that rent them out, absorb the risk of damage to the property that both the tenant will do directly, as well as regular wear and tear. This doesn’t even get into breach of contract from a tenant that simply stops paying rent, can’t be evicted, won’t leave… etc. Or one who simply moves out without telling the landlord, leaving the landlord to try to scramble and figure out how to get it back on the market so that they can cover their expenses.

When rent in an area makes renting the property more attractive than selling the property, rent in that area will go down because of an increase in availability.

So let’s say I’ve saved $100k over the course of 20 years of work. Investing in my friend’s bakery startup (making me a silent partner)… should be abolished??