...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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Another distinction comes in the value of the thing being rented. When I get my rental truck back from the customer, it is worth less than it was when it went out no matter what I do to it. As the truck is used more and more, it's value continues to drop. There inevitably...
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...comes a point where I must either scrap the truck or sell it for far below what I bought it for. Homes, however, hold the potential to not only maintain their value but see it grow. When I rent a truck, I'm essentially paying for the part of the value that I'm using up.
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When I rent a home, no value is being depleted by my usage of it. There is no actual exchange taking place because the landlord is not losing anything by my occupying a space they weren't themselves occupying. To the landlord, it's essentially a magic money machine: they...
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Replying to @RoseOfWindsong
I'm going to quibble here and say that *land* appreciates - a lot of the time, anyway, if not as reliably as the real estate industry wants you to think - but houses and apartments, themselves, do not, they very much depreciate
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Replying to @arthur_affect
And taking depreciation on them every year on your taxes is one of the supposed perks of being a landlord they try to sell you on
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Anyway this means arguably the most abusive form of landlording is owning a trailer park, where the tenant pays for and owns the actual dwelling and you just charge them for the land, which offloads almost all of the expense and risk onto someone else
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