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Is second/third home ownership ethical in this economy? (links.hackliberty.org)

submitted 4 months ago by [email protected] to c/asklemmy

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Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation "Hmm there aren't enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental." does this make said person a POS?

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[–] I_Fart_Glitter 7 points 4 months ago

A lot places are making zoning laws against short term rentals, or making the permits prohibitively expensive. Where I live, there is an often repeated narrative about a "housing shortage" but the reality is the population is going down every year and apartment complexes and housing developments are spreading like rashes. Corporations are buying them up in order to control the market.

A family renting out their mom's house that they inherited after she died because they already bought a house and don't want to live in hers? Are they assholes for not just selling the place (likely to a corp) and investing that money in other ways? No.. I don't think so..?