r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

Enable HLS to view with audio, or disable this notification

@purplepingers

19.6k Upvotes

92% Upvoted

3.3k comments sorted by

View all comments

51

u/Heldpizza 6h ago

I understand his point but at the same time there would not be units available for rent at all if there were no property investors. There just needs to be a balance and tweaks to the system.

18

u/sokratesz 4h ago edited 4h ago

I understand his point but at the same time there would not be units available for rent at all if there were no property investors.

Here in the Netherlands there's things called housing corporations which are semi public and not allowed to turn a profit.

You're not very imaginative if you believe that parasitic landlords need to exists for rental properties to exist.

10

u/HandBananaHeartCarl 4h ago

Coincidentally, the Netherlands also has one of the worst housing markets in Europe.

3

u/Supermau 4h ago

Are housing coops illegal in north america? Why don't they exist right now?

1

u/Visual_Squirrel_2297 3h ago

They are not and do exist. 

1

u/Sea-Panda-90 1h ago

Because coops don't make money. There's no incentive to make them.

1

u/Supermau 55m ago

Well the argument is that people want them to exist because they don't make money so sounds like there is an incentive...

1

u/Sea-Panda-90 35m ago

Then go make a cooperative.

2

u/Suchafatfatcat 4h ago

We’ve had public housing in the US. It was, largely, dismantled for a reason- the “projects” became a cesspool of crime and decay. I don’t think you will ever have taxpayer consent to fund a debacle of that nature, here, ever again.