I joined reddit on the tailwind, so it was all echo chamber, we hate newcomers, gatekeeping, automod frenzy, too many rulebreakers, too many rules, etc I could be wrong, but thats what I imagine it used to be like.
I joined reddit on the tailwind, so it was all echo chamber, we hate newcomers, gatekeeping, automod frenzy, too many rulebreakers, too many rules, etc I could be wrong, but thats what I imagine it used to be like.
It’s shit like this. I’m just a normal guy, I have a job, kids, hobbies. I believe in less military spending, national healthcare, social programs, and support for our vulnerable population. I got into real estate because it seemed like a good investment. People on here make it seem like anything that doesn’t fit their idea of “left” or"socialism" just be part of the conservative machine. Jesus, my investment decisions are not politically motivated. I made the mistake of trying to be part of a discussion and ended up with someone telling me I’m garbage and that I should give my investments to the tenants. Lol.
Being a landlord is a deliberate choice to make money through other people’s work.
It’s welfare for the rich.
That’s not to say you, or any specific landlord, is evil. It’s just an evil thing to do. If you don’t live in the house, you have no business owning it.
Unfortunately the same could be said of the stock market. When it comes to financial planning for retirement or longer financial stability, one can choose between real estate or the stock market (among other choices).
I think the real issue with property ownership is having some reasonable limits and regulations. 1) no foreign investments in certain home types, 2) a cap/limit on the properties owned by any individuals (or LLCs they are associated with), and most importantly a complete ban on corporations owning residential properties.
Sure we could transition into removing real estate as an investment vehicle, but unfortunately I really can’t see a realistic path to this.
You seem to think I wouldn’t agree there, too. Yes, the same could and is rightfully said about the stock market.
And that is an indicator of a poorly planned economy.
I mostly agree, but I’d go even further. A single law:
TL;DR abolish private property.
Right above! You may call that unrealistic, but the only wrinkles are rich bastards being upset they can no longer leech. I don’t believe that worthy of consideration.
And honestly, today I agree with you (although I think there is some merit in a rental system as some people prefer to rent). I haven’t bought a property for 15 years and I see what the younger generation is going through. If I knew then what I know now, I would not have purchased rentals. But at the time the real estate market was much different. Hell there were decent properties for sale for 70k back then.
Utter bullshit. The only reason people rent instead of buying is because prices are too damn high.
And prices are too damn high because of landlords. If you are both problem and solution, your job needn’t exist.
It was exactly the same, only cheaper. And it was the flood of landlords buying when it was cheap that led to prices getting higher.
People like you are the reason this problem exists.
You at least deserve credit for admitting this.
There are many European families that I know in Canada that are financially able to buy but choose to rent.
Then you know many fools.
Some people like the flexibility, some may not be in the area long term, some may believe the stock market has better potential. In our free market type society, that is their choice. You can rail against the status quo, but whether you like it or not, it’s the current reality. As shitty as it is.
Such a pointless statement. Also, “it’s their choice” is massively overselling it.