this post was submitted on 04 Sep 2023
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You said that you rent the property you bought because that is the only way you could do it. That is litteraly your first sentence.
Someone else is paying your mortgage right now so that you can move in later.
I am not sure what else can be said.
Same not sure how I can explain myself better so let's just disagree and move on
This really goes to show that being a landlord requires no intelligence whatsoever.
No one is paying for his mortgage. Someone is paying for a rent. If you think this is bad, then rent should be outlawed.
The rent that pays the mortgage he couldn't afford to pay. All rent is is paying someone else's mortgage.
Let's say the mortgage is payed. Then the rent pays whatever the landlord decides to do with that money. Like literally any other transaction.
Owning multiple homes for profit is a large part of the current crisis. People shouldn't be able to withhold homes and hold them ransom.
I agree, but limiting rights is not a good way to approach the issue. Raising taxation on 2+ properties is much better. And perhaps there are even better approaches, but an not an economist.
No one has a right to own multiple properties
What about multiple of anything? How about 2 cars? After all, each car takes limited parking space and adds to traffic problems. How about eating more calories than one needs to live? Should we review all existing items that one can buy?
One problem at time. Using the overwhelming tactic is just that, a tactic. Just because there are other issues we face, doesn't mean we shouldn't fight this battle. But at the end of the day the answer is yes- we should review all existing items that one can buy. Have you seen the state of the environment lately?