lunatic_lobster

@lunatic_lobster@lemmy.world

• ⁨Comment⁩ on ⁨If you argue for a cause like affordable housing for everyone, is it necessarily hypocritical if you also own investment properties?⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  I would make the argument that it could actually be a means to align with affordable housing (although that would likely be very difficult in this current housing market). Managing a property is a service, you have to manage vacancies, repairs, rent collection, etc.

  If you don’t offload this to a management company and do it all yourself it is technically feasible to make a profit from the labor of managing the property even when charging below market rate for the property (difficult to do right now, but after owning the property for a period of time definitely possible).

  If you were to do this you would be directly combatting the affordable housing problem by introducing competition at a lower price (it would be a drop in the ocean, but it would be fighting for affordable housing).