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Parasitic
(lemmy.ml)
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this post was submitted on 13 Sep 2023
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How the mechanisms of Capitalism encourages one to buy up resources they did nothing to create, and profit off of the labor of others while contributing nothing to improve our society.
Ding ding ding
So, a landlord that purchased land, had a home built and maintains said home, while paying insurance and the mortgage on the property isn't improving our society by providing housing to those who don't have the means to do all of this?
Lolololol
If you think the majority of landlords built homes with the kindly intention to rent them I have a bridge to sell you. Most independent landlords are renting out old, half decrepit houses they bought on auction and "refurbished" (poorly, with substandard materials and usually by themselves, not using skilled contractors), and many landlord companies are owned by non-native entities that siphon money from our economy to their own countries while jacking up rents and keeping the working class as poor as possible.
Yes. The only reason they are able to do that is because they have money. They arent building homes though, they are buying up existing starter homes and renting them at twice the mortgage rate and building a portfolio of houses they rent, taking thoze homes out of the market for potential homebuyers indefinitely. Literally being leeches and freeloaders off of the labor and wages of folks they priced out of home ownership, by making it harder to buy a home.