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> > To deconstruct the social relation as such, one would need to catalog federal, state, and local code to identify which clauses establish houses, apartments,
by ilyt 4y ago
> > To deconstruct the social relation as such, one would need to catalog federal, state, and local code to identify which clauses establish houses, apartments, condos, etc as private property and remove them
> So if I purchased or built a house with my work, then it is not longer mine?
Well, the criterium to become landlord is not "purchased your own home" but "convince bank to give you mortgage" then just charge more than mortgage costs you. It is essentially passive income with little to no effort put once you get above certain level of wealth
- chii 4y ago> once you get above certain level of wealth which took effort to obtain - either by sacrificing consumption, or by working more or doing more valuable work. The banks' mortgage is the fact that there's evidence that you have the productivity to service said mortgage. If you cannot show evidence that such a mortgage can be serviced, the bank will not lend you money. Lending isn't free - there's risk involved. Calling it passive income with little to no effort is just hiding the work that went on previously. You only see the results, and not the work that went into achieving it.