this post was submitted on 01 Apr 2024
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If you are making money on a place where someone lives then it all counts.
Airbnb is worse than traditional landlords because they remove supply for people to live (excluding shared spaces).
What if you also live there?
I struggled with this a lot when I got a roommate last year that’s paying rent.
I’ve come to terms with it recognizing that we are supporting each other. I’m supporting them by providing them a stable and affordable place to live, and they’re supporting me by helping me make ends meet, especially in a time when I’m unemployed. I’m not profiting off of them or taking a living space from another family. I also plan to calculate the portion of equity they contribute to the mortgage and give it to them whenever I wind up selling.
You bastard, you're basically Trump senior! /s
What if you need to move interstate for work for a year. Are you meant to sell your house? And incur all the selling and buying costs? Are you meant to leave it vacant for a year? Or are you meant to let people stay in it for free?
It makes sense to rent it out for the year, and rent yourself in the other state.
The long term solution to this is high quality public housing allowing people to move when needed. It's a bit of a pipe dream in our current world, but if we are talking edge cases, I can be idealistic.
Ownership isn't for everyone, that's okay, but profiting from a basic need for another human, shelter, is immortal. We should be a society that provides basic needs to people without allowing others to exploit them for profit.
I am not saying everyone must own, and you can't rent, but it's the profiteering I have a problem with, not the need for someone to live or move.
You're right; lots of shitty edge cases exist. If you are trading 1 for 1 it's not the core issue.
Be careful with this dangerous logic. You’ll get pitchforked.
This is the internet, absolutes or gtfo!