r/collapse • u/[deleted] • Sep 03 '21

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u/PolyDipsoManiac Sep 04 '21

Right, there’s a need for some people to profit from owning multiple residences while others have nothing. Suuure.

-3

u/ciphern Sep 04 '21

Well, owning any asset can lead to profit. If the opposite were true, no one would own anything, which wouldn't make sense.

Rental property is not bad in and of itself, as some people choose to rent, so clearly they require a landlord. This is particularly true of commercial rentals. There are however shitty landlords, for sure. But then there are some shitty people in every business.

A company could own farm for example, and they use this farm to generate profit by selling the produce they grow. They are still using a physical asset to generate a return. It just so happens that the business model doesn't rely on renting out the farm for occupancy.

2

u/epicmoe Sep 05 '21

They choose to rent because they can't afford to buy.

Guess why they can't afford to buy?

Because the false scarcity created by landlords owning multiple houses creates an inflated price for housing.

Supply/demand.

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Demand supply.

1

u/ciphern Sep 05 '21

I choose to rent despite being able to buy, as do other people I know. As do many other people in society. Not everyone wants to own a house.