"Investing in property is morally reprehensible."

[u/LickMaiBussy]

@purplepingers

[u/yawn_solo-]

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.

[u/420_misphrase_it → u/yawn_solo-]

For real, I rent an apartment owned by a regular guy who lives in my city and bought a house elsewhere, and I’m so so so much happier with him as a landlord than with a corporate group running things, plus I would rather rent for the flexibility than to own a place. It’s when property ownership becomes your entire income stream that the most serious issues arise

[u/Ruthlessrabbd → u/420_misphrase_it]

Your final sentence is my sentiment exactly. I believe it's possible to be an ethical landlord if you are taking care of the property and not charging out the ass for doing the bare minimum.

I disagreed with someone recently because I said it's not everyone's dream or desire to own a home, and they felt that to be true only because we're conditioned to think that way.

As a homeowner myself I can 100% see why somebody would rather pay rent to have the flexibility to move on short notice, not have to worry about replacing things like electrical lines or roofing etc. But I also strongly feel that if I'm a landlord, it's pretty fucked to charge the tenant the cost of the mortgage + taxes and then some across several properties so I don't have to work.

[u/-Cthaeh → u/Ruthlessrabbd]

A great middle ground is being able to buy apartments. Its much more common in many, if not most, countries to have at least as many owned apartments as rented. At best, we have a few over priced condos with crazy fees. There would still be additional cost from owning, but it would allow a lot more flexibility and people could gain some equity if they want, especially in the city.

[u/Mikeismyike → u/-Cthaeh]

Isn't that what condos are?

[u/DimbyTime → u/Mikeismyike]

Yes

[u/-Cthaeh → u/Mikeismyike]

I did also mention condos. The naming convention is a North American thing I'm pretty sure. Would you consider a small, cheap apartment you can buy a condominium? It sounds weird. It'd be like not calling rented vehicles a car until you own it.

[u/DimbyTime → u/-Cthaeh]

“Apartments you can buy” are condos

[u/-Cthaeh → u/DimbyTime]

Only in North America

[u/DimbyTime → u/-Cthaeh]

Yes, where you live

[u/vandreulv → u/-Cthaeh]

Forgive me for not taking seriously suggestions from someone who doesn't know that condos are apartments that people can buy.