this post was submitted on 11 Apr 2024
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Doing a multi billion dollar realestate fraud, in a semi-communist "Socialist Oriented Market Economy"....
...yeah the penalty is gonna be on the steep side. Landlords, rent seekers, and fraudsters aren't looked upon nicely anywhere, but particularly so in a country with that relationship to communism.
Landlords aren't generally considered communal minded. Fraud isn't good for the community, it's not done for the collective good.
The immune system of the masses has weeded out the what was going on here, and will deal with it via putting the perpetrator to death. Making sure this outrageous and damaging conduct will not continue or be encouraged.
It's a tough call, and they're making it.
One landlord may be more or less "ethical and community minded" than another, but being a landlord is 100% about profiting from somebody else's precariousness. The best you can say is, "Don't hate the player, hate the game." I appreciate a landlord who fixes the broken pipes and doesn't totally gouge me... but that always feels like Stockholm Syndrome.
I don't see what difference that would make. They still get to set the price, and you can either take it or leave it.
I suspect that this number is extremely low.
Easily with far (far far far) fewer landlords.
It's genuinely ridiculous to paint "rental homes" as some boutique service offered as a choice to home-owners who have money for a house but just don't want the "commitment" (?!?!?!?!?) of not throwing a huge portion of your money away every month. Absurd.
I don't hate small landlords. We all have to betray humanity to avoid being homeless. We work at unscrupulous companies, because what other kind of companies are usually hiring? But we don't have to contort ourselves to the point of breaking every single bone in our bodies to morally justify profiting from the unfair precariousness of people terrified of homelessness.
Yeah, the short of it is if you are a landlord and you're not undermining your own industry by encouraging tenants to become owners of their own personal property, then you're not community minded in the socialist (own the means of production) sense. There are exceptions, like one case where a rapper bought a poor neighborhood but did so to keep rent hikes and evictions from happening, arguably giving those families more stability so they have a chance to build family wealth.