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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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[–] [email protected] 4 points 4 months ago

I don't think so. People need homes, but not all people can buy homes. If you can afford to maintain the property to a reasonable level without completely gouging your tenants, I think you're providing a valuable service to your fellow citizens.

We don't get along, but my landlord is an old lady who bought 2-3 blocks of apartments after her husband left her a bunch of oil money. She keeps up the grounds (for the most part) and my rent has been pegged to inflation since I moved in. If people like her didn't exist, people like me would be stuck renting from a big property company.