this post was submitted on 09 Dec 2024
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No Stupid Questions

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Reason I'm asking is because I have an aunt that owns like maybe 3 - 5 (not sure the exact amount) small townhouses around the city (well, when I say "city" think of like the areas around a city where theres no tall buildings, but only small 2-3 stories single family homes in the neighborhood) and have these houses up for rent, and honestly, my aunt and her husband doesn't seem like a terrible people. They still work a normal job, and have to pay taxes like everyone else have to. They still have their own debts to pay. I'm not sure exactly how, but my parents say they did a combination of saving up money and taking loans from banks to be able to buy these properties, fix them, then put them up for rent. They don't overcharge, and usually charge slightly below the market to retain tenants, and fix things (or hire people to fix things) when their tenants request them.

I mean, they are just trying to survive in this capitalistic world. They wanna save up for retirement, and fund their kids to college, and leave something for their kids, so they have less of stress in life. I don't see them as bad people. I mean, its not like they own multiple apartment buildings, or doing excessive wealth hoarding.

Do leftists mean people like my aunt too? Or are they an exception to the "landlords are bad" sentinment?

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[โ€“] aeshna_cyanea@lemm.ee 3 points 1 week ago* (last edited 1 week ago) (1 children)

No, not all investment is the same. look up the difference between rent and profit.

[โ€“] enbyecho@lemmy.world -3 points 1 week ago* (last edited 1 week ago)

Ok, so do you have a 401k? Any kind of retirement savings? A bank account that earns interest?

If so, how is that different, or at least acceptable for you than any investment?

You might think I'm trying to be sneaky here or trap you in some way. I'm genuinely not - just trying to understand your perspective and thinking about how folks such as yourself might choose to function given our inability to effect wholesale change in our capitalist system.

Edit: For you downvoting sheep out there, see my comment above for context on why I ask these questions.