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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Replying to @RoseOfWindsong
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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Replying to @CleverSubtle
Appreciation in the real estate market as a whole, over time, basically matches inflation (i.e. is zero in real terms)
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Replying to @CleverSubtle
Buying a house is an expense too, it's not really that different from buying a car vs renting a car The idea that when you put money into a house you can pull all that money right back out again is false, often disastrously so
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Look it may be a tangent to the wider point of whether landlords are good or bad for society but I am not a fan of the American Dream of home ownership and the many extremely damaging false promises made to Americans that owning a home means financial security
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Replying to @arthur_affect
That's an industry that has as many rent seeking parasites as landlords - realtors, mortgage lenders, etc - which is all down to the fact that a house is a really big and expensive thing to own and a massive costly commitment
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