When I bought my current home, I rented out my previous home to friends of friends. They covered the payments on that house until they were in a situation where they could get a loan to buy it from me. There were no yachts or caviar for me during those years.
Renting out one or two homes doesn’t make someone “owner class”.
I think the line is when the primary bread winner is your tenant. Covering costs of mortgage only is a nice thing to do, profiting off of them beyond the mortgage is exploitation. That’s the difference, your assertion at the end is highly dependent on how they choose the rates for said houses and whether they profit off the work of others in that transaction.
Rhynoplaz@lemmy.world 4 months ago
When I bought my current home, I rented out my previous home to friends of friends. They covered the payments on that house until they were in a situation where they could get a loan to buy it from me. There were no yachts or caviar for me during those years.
Renting out one or two homes doesn’t make someone “owner class”.
A_Union_of_Kobolds@lemmy.world 4 months ago
“My uncle Greg is one of the good ones” yeah yeah I’ve heard it before, go read some theory
Rhynoplaz@lemmy.world 4 months ago
You must be right, because generalizations are always 100% accurate.
blarghly@lemmy.world 4 months ago
Theory and practice are the same in theory, but in practice, they are different.
SkyezOpen@lemmy.world 4 months ago
You had them cover your other mortgage. These people can coast off of rent money. You are not the same.
Lasherz12@lemmy.world 4 months ago
I think the line is when the primary bread winner is your tenant. Covering costs of mortgage only is a nice thing to do, profiting off of them beyond the mortgage is exploitation. That’s the difference, your assertion at the end is highly dependent on how they choose the rates for said houses and whether they profit off the work of others in that transaction.