Comment on When leftists say "landlord are parasites" or similar dislike of landlords, do they also mean the people that own like a couple of houses as an investment, or only the big landlords?

• Fondots@lemmy.world ⁨1⁩ ⁨week⁩ ago

  People need a place to live, they don’t need stocks to live. By owning more properties than you need you are contributing to a scarcity and inflated pricing for a basic necessity.

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  • XeroxCool@lemmy.world ⁨1⁩ ⁨week⁩ ago

    If we lived in a dream where housing was somehow always provided, sure. But we don’t. So what to all the people who don’t have savings for a down payment do if the only option is to buy? Not live anywhere?

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• ProdigalFrog@slrpnk.net ⁨1⁩ ⁨week⁩ ago

  Your stocks do not deprive anyone else of an essential human need, while owning and renting out a house you do not personally use artificially deprives another of buying that house, which further raises housing prices, making an essential human need an investment vehicle.

  Using a different analogy, if you lived in an area with scarce water resources, but happened to purchase land with a particularly abundant spring, you could then profit handsomely by selling that water to the thirsty at an extremely high rate, exploiting the human need for water in for your individual profit.

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• TranquilTurbulence@lemmy.zip ⁨1⁩ ⁨week⁩ ago

  If you buy stocks, you’re essentially just hoping to find something who is willing to pay more for the same thing. If you own property and rent it out, you’re providing a service to someone who needs it. In the latter case, you’re creating value.

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  • elephantium@lemmy.world ⁨1⁩ ⁨week⁩ ago

    As noted above, this isn’t completely true. You can also buy stocks for dividends.

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