this post was submitted on 16 Aug 2024
46 points (77.4% liked)

No Stupid Questions

36047 readers
2946 users here now

No such thing. Ask away!

!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)


Rule 1- All posts must be legitimate questions. All post titles must include a question.

All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.



Rule 2- Your question subject cannot be illegal or NSFW material.

Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts and joke questions.

Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.

On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.

If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.



Rule 7- You can't intentionally annoy, mock, or harass other members.

If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



Rule 10- Majority of bots aren't allowed to participate here.



Credits

Our breathtaking icon was bestowed upon us by @Cevilia!

The greatest banner of all time: by @TheOneWithTheHair!

founded 2 years ago
MODERATORS
 

I'm someone who believes landlording (and investing in property outside of just the one you live in) is immoral, because it makes it harder for other people to afford a home, and takes what should be a human right, and turns it into an investment.

At the same time, It's highly unlikely that I'll ever be able to own a home without investing my money.

And just investing in stocks means I won't have a diversified portfolio that could resist a financial crash as much as real estate can.

If I were to invest fractionally in real estate, say, through REITs, would it not be as immoral as landlording if I were to later sell all my shares of the REIT in order to buy my own home?

I personally think investing in general is usually immoral to some degree, since it relies on the exploitation of other's labour, but at the same time, it feels more like I'm buying back my own lost labour value, rather than solely exploiting others.

I'm curious how any of you might see this as it applies to real estate, so feel free to discuss :)

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 3 months ago* (last edited 3 months ago) (2 children)

IMO there's nothing wrong with a landlord that charges fair rent (mortgage + well reasoned maintenance costs + a reasonable profit, they do need to live themselves after all) and keeps up with maintenance in a good manner. Remember that not everyone is able to get a mortgage but is able to afford the same amount in rent.

[–] Delphia 2 points 3 months ago

IMO owning property for investment only becomes unethical once you are profiting beyond a "good living"

Property is the safest and largest growth investment that real people can make and the most likely to create generational wealth. Demonising that only advantages the multi-billion dollar conglomerates who have absolutely no ethics.

[–] XeroxCool 2 points 3 months ago (1 children)

This is close to my belief. Someone has to own the home and they're worth hundreds of thousands of dollars (I'm not getting into the overblown values right now, one step at a time). Since most people don't have $300k+ in cash (US non-metro), then they're not buying it outright. What's the difference between paying rent to a landlord or mortgage to a bank? Both are making a profit and both can kick you out for non-payment (again, one problem at a time). So, given the current state of housing, you can legitimately provide housing at a reasonable price that doesn't require a 50k+ down payment first. I am not a landlord sympathizer, I am not a landlord. I'm just someone still putting 60% of my monthly mortgage payment into the interest accrued just in the last 30 days (read: new homeowner).

Don't be a dick corpo fuck that buys blocks of houses and let's them sit vacant to drive up scarcity. Don't be a flipper that does a cheap reno to turn $30k of improvements into a $150k upsell. Don't do the cheapest repairs to meet code for your tenants.

[–] [email protected] 1 points 3 months ago

Someone has to own the home and they're worth hundreds of thousands of dollars

Public housing. Look at what Finland has done with regards to this topic, and how much it has benefited them.

I look forward to the comments explaining to me why this is impossible in America as if Finland is some magical alternate universe where a mixed-economy works incredibly well.