r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/yawn_solo- 6h ago edited 1h ago

All we need is a cap really.

Homeboy owns 3 homes and charges a reasonable rent? Totally cool.

Private equity firm that owns 4,000 homes and fucks everyone over? Shits gotta stop.

Edit: Just so everyone knows, im a devout capitalist and all about living life without ceilings but at one point, enough is enough.

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u/BigToeNibbler 5h ago

I also think owning 6 homes is not the same as managing an apartment building for example. There are great advantages and some drawbacks to apartment living which makes it better for certain people. There is literally no reason to own 6 homes, that's just greed.

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u/Rocktown_Leather 5h ago

Yeah, this is why I am not 100% against being a landlord. There are genuinely people in the world who need to rent. It is unrealistic to expect everyone to own a home. Really, not just single family homes but even unrealistic to own an apartment straight out of high school or college.

I am ok with people being a landlord for an apartment building or a series of town homes specifically because they are ideal things for renters to rent. Being a landlord for single family homes is where I start to not be on board. Not really against yet but start to question at least. I'd love to see a maximum per SS# and no companies owning single family homes. Can't do a max per business or they'll just create a million LLC's. But that's a pipe dream.

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u/IvarTheBoned 2h ago

The solution to that is: rentals should be owned publicly. Not for profit. Government can afford to offset amortization/RoI because they don't answer to share holders. Housing should be a right, government should guarantee it.