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To everyone who hates the concepts of landlords and rent, what counts as being a landlord? (sopuli.xyz)

submitted 8 months ago by [email protected] to c/[email protected]

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Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

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[–] [email protected] 2 points 8 months ago* (last edited 8 months ago) (2 children)

You misunderstand. The comparison I'm trying to make is this:

Scenario 1: You own a home mortgage-free. You pay maintenance costs and taxes on that property.
Scenario 2: You own the value of the same home in cash. You rent a home to live in.

How high does rent need to be before it becomes a better financial choice to choose scenario 1 over scenario 2? The break-even point is around the price where you would end up paying off the entire value of the home over ten years.

[–] [email protected] 1 points 8 months ago

There are some interesting scenarios I've seen contracted out that you might be interested in.

Scenario: Co-op housing, you lease a lot with housing (based on your desired price point) with a 100-year lease. You may "purchase" a portion of the capital that the co-op housing has on your leased property (lets say 100k value property). The invested money can be used for loans or other means (like how capital can be used for leverage) through the co-op (think State-employee-credit-unions which are co-ops themselves). Any interest or value accrued while maintaining that lease is passed onto the signer of that lease. Aka, 100k property sold 20 years later for 200k you receive a 100k "buyout" from the co-op if you're leaving.

Heavily regulated with plenty of stipulations of course so nefarious actors and "flippers" don't buy. The co-op retains the property for future housing even if you die at 118. Have seem family clauses so it can be passed down as well. There's just so many versatile and victimless situations that can be created which have the community and the individual in mind for fairness.

[–] kakes 0 points 8 months ago

Ahh, gotcha. That's fair, then.