this post was submitted on 11 Jan 2024
1116 points (93.2% liked)

memes

13180 readers
6991 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to [email protected]

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

5. No Spam/AdsNo advertisements or spam. This is an instance rule and the only way to live.

A collection of some classic Lemmy memes for your enjoyment

Sister communities

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 year ago (2 children)

Probably because they don't have the capital necessary to become a landlord in the first place. If you have enough money, being a landlord requires literally no work at all.

[–] [email protected] 3 points 1 year ago (1 children)

I guess getting that initial capital required no work at all either.

Why don't they just get that initial capital if it's so easy.

Unless someone was born with money, the argument against non-corporate landlords (97.5% of single family homes are owned by non-institutional investors) is nonsensical, because those owners had to work for the initial capital.

[–] [email protected] 1 points 1 year ago

At the end of the day they're still using that capital to exploit people by being landlords. Even if they earned that initial capital through hard work, the moment they invest some of it into a down payment on a house and begin to extract profit/equity via someone else's labor, it becomes exploitation.

[–] sharkaccident 1 points 1 year ago

For single family homes, I disagree. Property management is around 10% and you're not going to build wealth quickly by giving that much off the top if you only operate a couple rentals.