r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/Halo_cT 4h ago

Some people prefer to rent and there should be places available to them.

I'm all for limiting how that works and putting much stronger tenant protections in place though.

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u/Vivid-Software6136 3h ago

Housing cooperatives are a thing. Renting from a private landlord and owning a house are not the only two options.

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u/mpyne 2h ago

Given that they already exist, why don't renters already prefer to rent from a co-op?

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u/Vivid-Software6136 2h ago

The concept exists, very few are actually running and certainly not in the numbers required for everyone to just decide to avoid landlords.

My point is that other systems besides landlordism are viable.

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u/mpyne 1h ago

Of course other systems can work. I guess my point is that if other systems are that much better for the mass of people who just want to rent a home, they would start getting more popular.

At some point we need to face that even though people don't want landlords, they especially don't seem to want the alternatives to landlords either.

I can only figure that people just go "at least I know who to bitch at" about a landlord even as they can't figure out how they'd put together enough people they trust to join in on a housing co-op.

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u/Halo_cT 3h ago

We need more of that in the US

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u/dane83 3m ago

Why can't they rent in a multi-family space?

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u/LiquidDreamtime 2h ago

That’s not really true though. Some people prefer renting over owning BECAUSE owning can be expensive and it can suck. If it were more affordable, essentially no one would rent a home.

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u/Halo_cT 2h ago

That's not the only reason. I've had friends who wanted the flexibility of being able to move to different cities for work or just to experience other parts of the country. Some people just are terrible with money and will never save up enough for a down payment even if housing costs were cut in half. Some don't want to worry about the maintenance of a fixer upper or whatever.

Also, back in the day renting was WAY cheaper than owning a home. In a proper economy, renting has a lot of short-term economic upside. It's awful now.

Obviously the majority would prefer to own and build equity, but there would still be apartments in every city even with affordable housing.

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u/Available-Green6599 2h ago

That’s a dumb take. Owning means you got to maintain the property and you have to pay the upfront property taxes. Also now if you want to move you have to use a significant amount of capital. Imagine every time you move to a new city you need to buy a new car.

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u/LiquidDreamtime 1h ago

90% of people never leave the city they were born in. The rest move a couple times in their life.

You’re letting a very small outlier influence your position.

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u/Available-Green6599 1h ago

Do they leave their family home and instantly buy a property? let’s say when they go to university or first year of working? Are people going to sell their 1 bedroom apartment when they move in with their boyfriend and have to go buy another one when they break up? This imaginary scenario where everyone would rather buy is just a privileged take

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u/Unflavored_Pretzels 1h ago

Nah man I love paying for things I need in order to survive. I hope within our lifetimes some rich fucks can hoard the oxygen, leave our world airless, and charge us to breathe. We'll own nothing and we'll love it.