this post was submitted on 01 Apr 2024
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If you are owning houses just to use them as AIRBNBs, yes. Profiting off of artificial scarcity and already having money is bad. Being wealthy doesn't mean you deserve to be more wealthy.
Landlords aren't profiting off of scarcity. They're profiting off of having the means to do something that renters won't: Buy a house with a 30yr mortgage, and leverage that money for something useful.
You too can buy a house. But everyone who shits on landlords, always spits out excuses why buying a house isn't "feasible" or would "lock them down too much", etc etc.
If you can buy 30k worth of tractor equipment, you can run it and make the money back you spent on it. That's all landlords are doing - they're buying when you won't (not can't...won't) and then selling it back to you in trade for your "economic freedom" to move every 1-2 years and bitch about it.
Then we have the whole "fuckcars" movement, who wants everyone crammed into a shared-wall sardine can and nobody to own a house of their own ever; for the sake of population density so they can bike everywhere.
Not everyone can buy a house, because of greedy people using housing as a driver of profits. There are a growing mass of people out there that will simply never make enough to own a property where they live. For some people, renting is not a choice - its the only option.
Also: you are completely and utterly missing the entire point of c/fuckcars.
Ya, seriously, their take is crazy. I'm a two income household, both software engineers, and to save enough money to afford the loan to buy the home would take us years. The cost of a mortgage right now is higher than my rent by a huge percentage and that still requires 20-30k of down payment.
Could we downsize to a 1 bedroom apartment, eat PBJs every night, and stick to cheap hobbies such that we could afford to start the loan in two years or something - yes. But why am I required to trade my youth for the ability to pay the bank the better part of a million dollars over the next 20 years of my life just so I can install a nice bathroom and AC and maintain the flat properly.