If your goal was to house people then you could just charge the amount of property tax since your mortgage is $0. So, oof, yeah I do totally got you. Your investment is paid off, since the house is paid off. The only thing left is just wanting people to pay you for nothing.
Embrace what you are. Stop trying to abstract it behind being a saint or appeals to the market.
If you provided them at a reasonable price you wouldn’t make any money. Kinda telling on yourself there. The only way your business works is if you charge more than your mortgage. The bank is charging you for borrowing money so even they’re marking it up. The reasonable price would be the price without the bank’s markup and yours.
But hey you’re the Donald Trump of lemm.ee, so don’t let anyone ever tell you how da business goes. You grab your copy of Rich Dad Poor Dad and you solve the housing crisis by doing credit checks and marking up rents.
Wait, just so we’re clear on the timeline of human development. There were tribes and no society. Then there was the industrial revolution, English Common law, and then now?
You really, really, need to study history. You’re missing a few thousand years there. That’s probably why you’re confused. You really do think humans were savage tribes before 1492.
Go get those lumberjacks to cut down that forest… wait a minute… they won’t do it unless someone pays them??? Really?
Humans are a productive species and have produced many things necessary for survival long before capitalism or English property rights ever existed. You’re doing that thing again where you don’t know anything about history but you feel very strongly about defining the boundaries of human nature to be 17th century commerce. People don’t need money to produce things.
People also have shared responsibilities and duties. Nobody learns every single aspect of everything else. Some people are farmers, some are not. Some people build houses, some don’t.
Also paying for things is not unique to capitalism. Commerce has existed long before capitalism. It’s not like before 1800 everyone just traded chickens for everything.
You do, in fact, think people are slaves. You think they should work for a fraction of the value they create and then come home to pay you 2x the amount in rent. That way you get to pay off your mortgage and then keep collecting rent once your original investment is paid off. I guess that part is different from providing a necessary service, right? You just want to provide homes and get a huge return on investment. How pure are your motives?
I’m sure you’re clever enough to buy a farm and rent the fields to the workers and then rent them housing too. They give you a portion of their grain, it’s a fair trade after all, you own the farm. They should pay you for the privilege of working to keep you fed and housed. You should just chill and collect a check and bushel of grain every fall because you worked really hard to own that property. Totally not slavery.
Why does it matter if I personally hammered the nail or paid someone else for the house that he hammered the nail into?
Because that’s the definition of building it yourself.
helping myself does not harm anyone else.
Stating a thing does not make it so. Just stating you’re doing no harm doesn’t make it true. I can explain why you’re doing harm but you can’t explain why you’re not. Explanatory might makes right. We’re talking about the science of society, not vibes.
How do you even begin to think something is owned by the workers when they are not the ones paying for any of it.
Value comes from labor. A forest is nothing without the lumberjacks. A pile a logs is nothing without the workers of the saw mill. A pile of lumber is nothing without framers. A frame is nothing without drywallers, roofers, plumbers, electricians. The ownership you claim is just a piece of paper given by the state based on historical premises of property rights. It’s not a default state of nature nor a universal truth.
Wages are specifically designed to not pay them the full value of their labor. If you own a horseshoe factory that produces each horseshoe for $1, then you can’t pay a person $100 an hour to make 100 horseshoes in that hour. You wouldn’t make any money as the factory owner. So you must pay them less than the value they’re producing. It’s how businesses work. Likewise you can’t rent a house for profit without charging more than its worth. You can’t afford to build all those investment properties unless you pay the people who actually built them a fraction of what the house is worth. You exploited the people who built the house so you can sit on your ass and exploit workers who need a place to live. It’s quite simple.
Oh that’s funny because somehow I did manage to do just that… and I didn’t come from money or any special background. I applied for the scholarships, the loans, put in the work, forgo eating out for decades, looked for opportunities, leveraged my meager earnings into extra payments until I finally paid off my first house. Made sure I didn’t make a baby or get into massive credit card debt etc. I went and lived in the low cost areas no one cares to go to. I made the required sacrifices to eventually get to a better position.
There’s two ways to build wealth under capitalism. One is to get a bunch of people to work for you and pay them less than their labor is actually worth. The other is to leverage your capital, buy property and then become a rent-seeker and/or lender. That’s what you did. You were fortunate enough to be able to get loans and leverage your debt and get scholarships. Most people don’t get all that. The people you rent to don’t get that.
I said a bunch of arguments against yours. You can’t demand an argument from everyone and then when someone gives you wave it off as mere rhetoric. Yes it’s rhetoric. That’s what the word means. I think you’re just saying stuff based on vibes. You don’t actually know what words mean or have any real sense of your own position. You just know that you feel a certain way and want that to be as valid as my rational argument. Sorry, it doesn’t work that way.
It’s also funny how you think not eating fast food and living in a place nobody wants to go is some grand sacrifice and the reason for what you have. Dude millions of people live without McDonald’s or a suburban home in the nice part of town. They also don’t get loans and scholarships. Their prostrations before capital go unnoticed.
Rather than demanding we disprove your views maybe you should spend some time thinking about why you believe them beyond “I’m a hard worker.” Like do you really think you’re the only person who has ever worked hard? Do you think that the reason why most people don’t have rental properties is because they’re not hard working? Imagine the hubris to think something like that.
where are you expecting people to live?
Houses and apartments. Like they do now.
These homes are owned by someone- they worked/paid/built them themselves.
Nope. Not worked/paid/built themselves. The vast majority of homes are made by people paying others to build homes for them. Labor is the source of value, not investors. This is like billionaires claiming to be job creators. You’re extracting the value of their labor to make your investment property. You’re paying them a fraction of what it is worth to you because you happen to live in a society where that is normal. Your lack of imagination beyond your current circumstances is not my problem.
Oh yeah, and even if you happen to build the house with your own hands, it is owned by someone, the bank where you got your construction loan.
Why do you think these people who have toiled for 40+years should just give you there invested money/work for free?
Why do you think people who work and toil away should pay your mortgage on an investment property and then some?
Why are they evil for using something they have worked for to help themselves?
Because helping themselves comes at the cost of someone else, and everyone else.
Inevitably someone like you comes along and just shitposts this same rhetoric you just did with no logical backing behind it other than “evil landlords must die and be redistributed”
You can say what you want about the rest of Hexbear but I can actually explain myself. Yeah, I’m one of those who have actually thought about stuff. In fact, I know more about real estate investing than you do.
How is a house different from a farm? Or a rail system? Or a insert anything created by someone and used for personal gain?
It’s not. They all belong to those who actually made them, the workers.
Why don’t you go build your own house? Why aren’t you giving these unfortunate souls your own place?
I can’t. Investors have inflated the cost of construction and increased the barrier to entry. They snuff out competition. Capitalism is built on lies. They don’t actually like competition. The whole idea is to consolidate and monopolize. If I did try to build low income housing I’d be ran off by all the investors who own everything. Housing poor people next to their investments lowers the value. This is multi-family 101 kiddo. Read a book.
To cap it all- you follow each other around in groups and rather than actually discussing you strawman, point people to communist propaganda, and generally troll anyone who disagrees with you. No one wants to join your club, no one wants to read your Marxism books etc. If you have a point- state it. Don’t point elsewhere and act like you won because we arent interested in your echochamber
The arrow of history disagrees. You probably should study the past sometime. Capitalism creates the conditions that make people want to join our club. It’s pretty much a law of human society.
Did you know that the US once tried to import hippos as a source of meat, as an alternative to cows?