The only reason why he doesn’t have enough is because people like you have too much.
This should be satire.
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.
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.
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??
This is like saying that if everyone had a small business it would destroy the economy. If you think a rental damages the economy, you have no idea what the economy is, or how it works.
Of course they do. Imagine that all of the landlords decide to start removing rental properties from the market if their tenants move out. What do you think that does to housing availability over the next 10 years?
The product/service is the use of the property for the specified time.
How is this any different from renting a SeeDo for an hour?
And if everyone did this when they were able to, rents across the board would be dirt cheap.
I’m trying to help you understand. You want to insult me, and make moral arguments outside the scope of basic economics.