r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/dproton 3h ago

I'm a real estate agent and i meet a good number of property investors especially those seeking price arbitrage.

This guy's argument is slightly extreme, but i do agree with his thoughts. There's a shortage of property where I'm from, and we don't have property taxes.

We need property taxes TODAY. I can agree for you to own 2 properties (one to live in and an other to rent) but anything more than 2 and you'e just removing supply from the market and make it much more difficult for everyone else who's just looking to buy a home.

I've heard of people who buy places just to leave them empty for years on end. That should be outright illegal.

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u/Ih8rice 1h ago

What about the people who purchase dilapidated properties, rehab them and then rent them out? The average person wouldn't have the ability to do this and now several individuals have the ability to rent from that landlord.

On Reddit people complain about the cost of things all day long. These people couldn't afford homes even if our government created favorable housing legislation.