Reason I’m asking is because I have an aunt that owns like maybe 3 - 5 (not sure the exact amount) small townhouses around the city (well, when I say “city” think of like the areas around a city where theres no tall buildings, but only small 2-3 stories single family homes in the neighborhood) and have these houses up for rent, and honestly, my aunt and her husband doesn’t seem like a terrible people. They still work a normal job, and have to pay taxes like everyone else have to. They still have their own debts to pay. I’m not sure exactly how, but my parents say they did a combination of saving up money and taking loans from banks to be able to buy these properties, fix them, then put them up for rent. They don’t overcharge, and usually charge slightly below the market to retain tenants, and fix things (or hire people to fix things) when their tenants request them.
I mean, they are just trying to survive in this capitalistic world. They wanna save up for retirement, and fund their kids to college, and leave something for their kids, so they have less of stress in life. I don’t see them as bad people. I mean, its not like they own multiple apartment buildings, or doing excessive wealth hoarding.
Do leftists mean people like my aunt too? Or are they an exception to the “landlords are bad” sentinment?
A bit of a hyperbole, but for the sake of this discussion, let’s say there is a house and no one can afford it but me. If I don’t buy it and rent it, no one can live in it. What would be the right thing to do?
I take umbrage with the hypothetical itself. Do you believe that buying the property and renting it out is the only possible solution here?
The “right thing” would be to not have a situation like that in the first place where only one person (or one small group of people) can afford to own the roof over their head.
But, obviously, an option you’re neglecting here, is letting people live in the property without paying rent. Nobody is forcing you to make a profit off people’s basic needs for survival.
Nobody is forcing you
No, but if they don’t, someone else will.
This is supposed to be where the law/govt steps in so nobody CAN profit off of basic needs like this. Just like Healthcare, we can have a mountain of limp CEOs and still nothing will have changed until the law changes.
But maybe I’m wrong, maybe we should let The Adjuster do his job and see what happens. I hope property management CEOs realize they’re the #2 spot underneath health insurance.
Bro, who here is talking about CEOs and “The Adjuster” (cringe)?
No, but if they don’t, someone else will.
Not really… In the hypothetical (and in real life), nothing is stopping anyone from buying the property and allowing people to stay free of charge.
Reduce the price of the house
If you didnt buy it in this scenario, then market pressure eventually pushes the proce down until someone is willing (and able) to buy it.
The market determines the price. If no one can afford it the price is too high.