3 ms·

This was literally the reason I became a landlord. All the houses on my street were being rented. Why work when I can get a management company that will give me

This was literally the reason I became a landlord. All the houses on my street were being rented. Why work when I can get a management company that will give me 2.5x my mortgage each month so I can rent in a big city.

satvikpendem 3y ago
Well you know what they say, better to be capital than the opposite.
caditinpiscinam 3y ago
How do you feel about that choice, ethically?
- cycrutchfield 3y ago
  Why would it feel any different than renting out any other piece of property, ethically? If I rent my car to somebody, is that unethical?
  - caditinpiscinam 3y ago
    I'm talking about the "not working while living off the income of other people" aspect. Because when poor people do that they're called freeloaders and welfare queens.
    - worik 3y ago
      It all depends on what you think about capitalism, which is the social theory that the key determinant of what happens to resources is who owns them If you are OK with that then living off rent is a natural conclusion Me, I am not "anti capitalist" (a silly identity many of my comrades have adopted) but I believe capitalism should be an economic theory that society restricts to where it is useful and away from where it is harmful
    - cycrutchfield 3y ago
      So any passive income is unethical? Receiving interest from your bank deposits is something to be ashamed of?
      - deleted 3y ago
        [deleted]
      - satvikpendem 3y ago
        Indeed, by this logic no one should be able to retire, as the primary means of doing so, using accumulated investments, exists due to others' continued work. Even social security payments are simply the current tax base funding retirees' spending.
  - worik 3y ago
    > If I rent my car to somebody, is that unethical? Possibly If you find a car dependant market where you can rent clapped out bangers at high prices I do not know what sort of land lord you are, but there are plenty that do exactly that
jjav 3y ago
> Why work when I can get a management company that will give me 2.5x my mortgage each month I don't believe this. What city and neighborhood? It is very difficult to find a rental property you can buy and be slightly profitable, let alone 2.5x. Where?

satvikpendem 3y ago

Well you know what they say, better to be capital than the opposite.

caditinpiscinam 3y ago

How do you feel about that choice, ethically?

cycrutchfield 3y ago
Why would it feel any different than renting out any other piece of property, ethically? If I rent my car to somebody, is that unethical?
- caditinpiscinam 3y ago
  I'm talking about the "not working while living off the income of other people" aspect. Because when poor people do that they're called freeloaders and welfare queens.
  - worik 3y ago
    It all depends on what you think about capitalism, which is the social theory that the key determinant of what happens to resources is who owns them If you are OK with that then living off rent is a natural conclusion Me, I am not "anti capitalist" (a silly identity many of my comrades have adopted) but I believe capitalism should be an economic theory that society restricts to where it is useful and away from where it is harmful
  - cycrutchfield 3y ago
    So any passive income is unethical? Receiving interest from your bank deposits is something to be ashamed of?
    - deleted 3y ago
      [deleted]
    - satvikpendem 3y ago
      Indeed, by this logic no one should be able to retire, as the primary means of doing so, using accumulated investments, exists due to others' continued work. Even social security payments are simply the current tax base funding retirees' spending.
- worik 3y ago
  > If I rent my car to somebody, is that unethical? Possibly If you find a car dependant market where you can rent clapped out bangers at high prices I do not know what sort of land lord you are, but there are plenty that do exactly that

jjav 3y ago

> Why work when I can get a management company that will give me 2.5x my mortgage each month I don't believe this. What city and neighborhood? It is very difficult to find a rental property you can buy and be slightly profitable, let alone 2.5x. Where?