this post was submitted on 22 Sep 2023
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That's true of literally any transactional relationship. Everyone is trying to get as much as they can for as little as possible. Including employees trying to get as much pay for as little work. It's normal.
Yeah. It also pretends like a landlords income isn't related to their wellbeing. In some cases it might not be, but for most mom and pop landlords it directly is.
Also: I'm a renter with zero interest in owning real estate. I know many people with rental properties (who are therefore landlords) that I am significantly wealthier than. A lot of people are struggling to pay rent and I get that, but believe it or not so are a lot of these land owners. So there's just a lot of unbridled rage towards against anyone they have to pay rent to, especially around here.
I think its clear that what we are seeing is the result of decades of exponential growth. No shit houses have quadrupled in price in the last generation or so, what do you think is going to happen with 10% ROI per year? That's just how it works. Not the landlords fault at all. Idk who to blame or how to fix it but, well, uh, there it is.
There are a lot of leftists here. The focus is usually on exploitation, not on wealth (though, these are often correlated). A shitty small farmer may not be very wealthy, but him making a meager living off the labor of underpaid migrant workers and having them live in unsafe shacks is still exploitation.
Why should real estate have any ROI? Why should people be able to own and make money off property that they don't use, but other people literally need to survive?
I, personally, don't hate single-property landlords or whatever, I just hate the system. I do kinda hate larger companies because they are just machines to generate more wealth for the already wealthy, with no regard for anything or anybody else.
Because it's an asset like any other and prices reflect the same fundamentals that drive everything else in the world. And when I mention 10%/yr ROI I'm citing the average annual return on equity, not even RE specifically. But since RE has a strong positive correlation with stocks and commodities there's no wonder prices have increased exponentially along with everything else.
That's a useless observation. Think further.
Real nice constructive comment in good faith to encourage discourse. Keep it classy Lemmy, never change 🙄
What discourse? The user is promoting some thought-terminating capitalist ideology cliche of "rational individual man" and "every man for himself".
All it does is decreases solidarity while the use there thinks of himself as some smarmy economist intellectual who knows all about human nature.
Yeah fuck rational logic, really overrated.
Just because someone declares it rational, it doesn't mean that it is rational.
That's literally as rational as it gets.
Thanks for being yet another total fucking asshole on Lemmy. This place is by far the most toxic shithole I've ever been on the internet. You're like the tenth person I'm blocking now. Incredible.
It's not rational, bud, it's short-term interest. In the long-term we're fucked because of it.
Toxic shithole? You're the one promoting sociopathy.