So fucking based. Alakazam is now my gender
My pronouns are abra/kadabra
The term is rent seeking and in economics it’s essentially parasite behavior.
“Income Property” should be straight up illegal.
Owning land with a livable structure on it, and keeping it to the standards of living in is a job.
Maintaining the structure is a job, sure, but most landlords don’t do that, they just pay others to do it out of the money they leeched from tenants. Being a middle man leech isn’t a job either.
Well I have a few rich friends and they said it’s incredibly profitable and you don’t actually have to do anything since you can just hire someone that does it for you. It also barely needs maintenance since the people living there are responsible for cleaning their house.
Unlike a hotel, it barely needs staff.
That’s not what Alakazam is talking about here though. Just by owning land, it generates money, magically, from “nothing”. And then the vast majority of landowners use that as excuse to entrench their wealth and then you get… Waves hands at hyperinflated rent crisis what we’re all stuck in now.
Whether someone wants to be one of the “good land owners” or not doesn’t change the fact that the system is set up for the ones that want to exploit it
I’d say renting out property you own is not a job, owning land and keeping it nice and clean or dare I say it growing some vegetables is very much a job.
You hear that, farmers?
A farmers job is farming. Most farmers in history didn’t even own the land they worked on tbh.
i love old chunky pikachu i had a plushy of it
Based
correct
Technically you’re right, it’s an investment.
Unless you’re a farmer/rancher. Then it’s a way of life.
No, that’s a job. Especially since you could lease the land or work for someone else.
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