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Exactly. Nobody wants to hear this, because we're all Temporarily Embarrassed Landlords, but if a corporation buying 100 houses to sit on and extract rent is ba
by ryandrake 10mo ago
Exactly. Nobody wants to hear this, because we're all Temporarily Embarrassed Landlords, but if a corporation buying 100 houses to sit on and extract rent is bad (or good), then 100 individuals each buying 1 house to sit on and extract rent must be equally bad (or good).
- FarmerPotato 10mo agoThe complaint, real or imagined, is that young individuals aren’t building up capital. Home ownership was the bedrock of middle class assets.
- LPisGood 10mo agoI disagree with this logic. To take it to an extreme, if one person earning a million dollars per minute has moral value X, then a million people earning one dollar per minute has moral value X. I disagree on principle.
- hn_acc1 10mo agoGuaranteed those 100 individuals won't all raise their rent 10% (or whatever) on the same day, every n months.
- markdown 10mo agoJust allow people and corporations to own any homes they build. That way we can all still hope to be landlords with a hundred homes. So long as landlords grow their business by increasing the total stock of housing, no harm is done.