THREAD: Let's talk about morality and the "job" of being a landlord. There's been a lot of talk during this COVID-19 situation about rent freezes. As a result, a lot of landlords have cried fowl since collecting rent on their properties constitutes all or most of their...
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...income. Their argument is that being a landlord is their job. No, being a landlord is not a job. It's laughable to consider owning someone else's home a career. There are jobs that can exist under landlords such as maintenance staff or bookkeepers but at the end of the...
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...day, owning someone else's home is not a job. Arguments that you're paying the property taxes and shouldering the burden of maintenance don't change that because those are aspects of owning a property regardless of whether or not you're renting it out.
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If I don't get to claim owning the home I live in is a career then you don't get to claim it for owning a home someone else lives in. A job/career involves getting paid for the investment of your time and talents. Having a thing and making someone pay you to use that...
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...thing does not in-and-of-itself constitute a job. But there's a uniquely amoral aspect of being a landlord that's absent from any other kind of rental business. As an example, let's compare being a landlord to renting out moving vans. When I rent out a van to someone, I'm...
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...giving them temporary access to something they will only need for a short period of time. This is also true of rental cars, Blue-Ray disks, skis at a ski lodge, etc. The need is temporary, thus it is in the best interest of the consumer to rent instead of buy.
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By contrast, no human being will ever go a day in their life not needing shelter. At no point do you not need a place to live. The need for shelter in a specific area may be temporary, as in the case with hotels, but we always have to have somewhere to call home.
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Yeah but most human beings don't live in the same place for long enough to justify the cost of a home - the fact that very few of us can even actually afford the price of a home is why the mortgage market exists and is so central to our society
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Replying to @arthur_affect
And the vast majority of people who do buy a home sell it before they've paid off the mortgage, and do so at a financial loss once the middlemen are paid (a loss disguised by the fact that much of the apparent appreciation of real estate is just keeping up with inflation)
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