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?

RunawayFixer@lemmy.world ⁨1⁩ ⁨week⁩ ago

Owning your place to live should be a right. Anyone who holds more housing stock than they personally need and who will only let it out if there’s profit on their investment (because if it’s an investment, then there is an expectation that the line must always go up, which is also very inflationary), tightens the market and makes it harder for other people to become a home owner.

The big difference between renting and paying of a mortgage, is that by paying off the mortgage, the home owner has build up equity and secured a financially more secure future. But if someone is too poor to get a mortgage to afford the inflated house prices (inflated because other people treat it like an investment), then in the current system they pay rent to pay off the mortgage/debt of their landlord and after the renter has paid off their landlord’s mortgage, they’ll still be poor and without any equity themselves.

It’s a very antisocial system. And with landlords building up more and more equity on the backs of people who are unable to build up equity themselves, there’s a good reason why landlords are often said to be parasitic.

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