4 ms·
Don't misunderstand me, I think squatting is a bad thing. But its worth understanding why it happens, and a major factor is that home costs, to buy or rent, ar
by petsfed 2y ago
Don't misunderstand me, I think squatting is a bad thing.
But its worth understanding why it happens, and a major factor is that home costs, to buy or rent, are out of control, which lowers the perceived ethical barrier to doing so.
There will always be that weird self-interested-self-described-"anarchist" who has convinced themselves that "property is oppression" because they don't want to pay for stuff. I'm not proposing anything to address that guy. I'm saying we should do what we can to prevent people from agreeing with that guy in the first place.
And one of the ways to dissuade people from agreeing with the professional squatter is by discouraging the PE-driven fix-and-flip (which is distinct from the small-time fix-and-flip, but only early in the development of that business. Eventually, you're successful enough that it makes more sense to buy cheap, in cash and without financing, hire others to fix at your leisure, and rent. That's the transition from labor-class to capital-holding class).