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Owner occupation of property vs rent seeking ownership are 2 very different paradigms. The former results in community, and investment and a large number of be

Owner occupation of property vs rent seeking ownership are 2 very different paradigms. The former results in community, and investment and a large number of beneficial economic effects. The later is simply an economic parasite Only have to look to the past to see what happened with farming. Substance farming and feudaliam was inefficient and disincentified investment.(why improve land you don't own and someone else reaps the benefits of what you sow?)

klodolph 5y ago
Subsistence farming? That just means that most of what you farm is used to feed yourself and your family. It's not really that subsistence farming is inefficient, it's just that subsistence farmers (by definition) are not selling food on the market.
- tejtm 5y ago
  tenant farmer. share cropping; where the "farmer" is guaranteed to be left with nothing above subsistence if that.
  - klodolph 5y ago
    That’s not subsistence farming. Subsistence farming is where you are only growing what you need, plus maybe a little extra. What you’re describing is something else entirely.
brobdingnagians 5y ago
Reminds me of Three Acres and a Cow [1]. I do find it an interesting concept; but I think the general principle I would agree with is more of decentralizing production by making people more free so that they can buy their own land or means of production and use it; rather than coercive legislation against acquisition of property. [1] https://en.wikipedia.org/wiki/Three_acres_and_a_cow https://en.wikipedia.org/wiki/Three_acres_and_a_cow
inglor_cz 5y ago
I rented out my small apartment for 6 years when I had no use for it (living elsewhere), and I never felt like an economic parasite. It is a service that comes with plenty of duties and risks, at least if you want to have a reasonable reputation. It probably depends on local market. I can imagine that in Silicon Valley, bad landlords can get away with almost anything, because the demand is so strong. Outside such economic hubs, the market situation is much more balanced and getting a good tenant who won't smoke in the house and destroy furniture is not trivial. A friend of mine rented out a small apartment inherited from his grandma (nothing expensive, a rust-belt city in Eastern Europe that just keeps itself alive) and found out that the tenants turned it into a meth factory, when police came knocking on his door to ask unpleasant questions.
- shard972 5y ago
  > I rented out my small apartment for 6 years when I had no use for it (living elsewhere), and I never felt like an economic parasite. He said rent seeking, one apartment is a bit different then people who walk around with dozens in a portfolio before 30.
- maxmamis 5y ago
  nobody generally feels like an economic parasite.
- effie 5y ago
  It depends on who you are profiting from. You never felt like an economic parasite. Maybe your tenants were okay financally and you didn't squeeze or kick them out. But some renters do squeeze or kick out poor people. That's where the parasite part comes in.
Ekaros 5y ago
Owner occupation also has negative effects on economies. It limits mobility of labour. For example in many places you can't sell your property or it is exceedingly hard. Thus you are stuck with it. On other hand with renting mobility is simpler.
- effie 5y ago
  > in many places you can't sell your property This is very hard to understand. Why does this happen? Do you really own your property if you can't sell it? Or do you just have a permit to use it?
  - Ekaros 5y ago
    No one is willing to buy it. Think of Detroit, old towns build on single factory, mining towns. In quite many places like those there is minimal demand.

klodolph 5y ago

Subsistence farming? That just means that most of what you farm is used to feed yourself and your family. It's not really that subsistence farming is inefficient, it's just that subsistence farmers (by definition) are not selling food on the market.

tejtm 5y ago
tenant farmer. share cropping; where the "farmer" is guaranteed to be left with nothing above subsistence if that.
- klodolph 5y ago
  That’s not subsistence farming. Subsistence farming is where you are only growing what you need, plus maybe a little extra. What you’re describing is something else entirely.

brobdingnagians 5y ago

Reminds me of Three Acres and a Cow [1]. I do find it an interesting concept; but I think the general principle I would agree with is more of decentralizing production by making people more free so that they can buy their own land or means of production and use it; rather than coercive legislation against acquisition of property. [1] https://en.wikipedia.org/wiki/Three_acres_and_a_cow https://en.wikipedia.org/wiki/Three_acres_and_a_cow

inglor_cz 5y ago

I rented out my small apartment for 6 years when I had no use for it (living elsewhere), and I never felt like an economic parasite. It is a service that comes with plenty of duties and risks, at least if you want to have a reasonable reputation. It probably depends on local market. I can imagine that in Silicon Valley, bad landlords can get away with almost anything, because the demand is so strong. Outside such economic hubs, the market situation is much more balanced and getting a good tenant who won't smoke in the house and destroy furniture is not trivial. A friend of mine rented out a small apartment inherited from his grandma (nothing expensive, a rust-belt city in Eastern Europe that just keeps itself alive) and found out that the tenants turned it into a meth factory, when police came knocking on his door to ask unpleasant questions.

shard972 5y ago
> I rented out my small apartment for 6 years when I had no use for it (living elsewhere), and I never felt like an economic parasite. He said rent seeking, one apartment is a bit different then people who walk around with dozens in a portfolio before 30.
maxmamis 5y ago
nobody generally feels like an economic parasite.
effie 5y ago
It depends on who you are profiting from. You never felt like an economic parasite. Maybe your tenants were okay financally and you didn't squeeze or kick them out. But some renters do squeeze or kick out poor people. That's where the parasite part comes in.

Ekaros 5y ago

Owner occupation also has negative effects on economies. It limits mobility of labour. For example in many places you can't sell your property or it is exceedingly hard. Thus you are stuck with it. On other hand with renting mobility is simpler.

effie 5y ago
> in many places you can't sell your property This is very hard to understand. Why does this happen? Do you really own your property if you can't sell it? Or do you just have a permit to use it?
- Ekaros 5y ago
  No one is willing to buy it. Think of Detroit, old towns build on single factory, mining towns. In quite many places like those there is minimal demand.