Comment on Confiscate properties from rogue landlords, says senior Labour MP
hellothere@sh.itjust.works 7 months agoYou’re clearly American, why are you commenting on a thread about UK landlords, and UK company law, using examples not from the UK?
Maalus@lemmy.world 7 months ago
I’m European. Stop assuming shit about people.
hellothere@sh.itjust.works 7 months ago
My apologies, but same question.
Maalus@lemmy.world 7 months ago
Because hating landlords is present on lemmy everywhere with people using completely irrellevant arguments. You also voiced an opinion that’s completely bullcrap - where losing “all the money you can spare” is somehow equal to losing nothing, when one could have worked for that for years.
Primarily0617@kbin.social 7 months ago
this seems like a circular argument
most of the value you seem to be proposing could be lost comes from the fact you can rent out a house for profit
hellothere@sh.itjust.works 7 months ago
I never said it was the same as losing nothing. It’s clearly not the same. I said the cost of losing is £1, if you have structured your business properly. If you then choose to put extra money in, well, you should only invest money you can afford to lose.
If you can’t afford to lose it, you shouldn’t be spending the money in that way. Money you can afford to lose has considerably less risk than money you cannot afford to lose. By definition, if you can afford to lose it, then harm to you is insignificant.
For example, I don’t go to the pub and complain about the risk of buying liquid commodities I intend to drink and make no return on. I can afford to lose my money in that way, if you can’t, then don’t go out drinking. The same thing applies here.
If you can’t own a property without someone else paying the mortgage for you, then don’t.