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Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by toomuchtodo on Thursday October 08, 2015 @03:05PM (#10355241)
> when being a landlord became such a terrible evil.

It's not being evil per se, but being an economic leech of sorts. The only reason people need to rent is because of the requirements to own (down payments, emergency funds to cover your mortgage in tough times so you don't lose your equity). Its an arbitrage between someone on financially sound footing versus someone not so.

Disclaimer: My family has a landlord or two in it. I make my disdain for what they do known. If I had Facebook money, I'd create a B Corp to provide housing to people that gave them a non-transferable equity stake, co-op style. A small amount would be "off the top" for management of the organization and for upkeep of the properties. I would make the org fully transparent ("Buffer Style") and ruthlessly accountable.

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by fancyketchup on Thursday October 08, 2015 @04:24PM (#10355915)
> The only reason people need to rent is because of the requirements to own (down payments, emergency funds to cover your mortgage in tough times so you don't lose your equity)

So, in other words, the landlord is selling a service? In exchange for a monthly fee, you don't have to do any of the crap (down payments, mortgages, property taxes, maintenance) it takes to own a home?

Do you view farmers the same way? If it weren't for the fact that you need to eat to survive, you wouldn't have to buy their product! And what do they do anyway? Just plant some seeds in the ground and wait for them to grow! Those damn leeches!

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by lmm on Thursday October 08, 2015 @05:39PM (#10356494)
The landlord is selling the service of "having a lot of money". It's usury by the back door.
Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by toomuchtodo on Thursday October 08, 2015 @06:28PM (#10356812)
Not even having a lot of money. Their service is having a credit score high enough to obtain low-rate mortgages, which they then arbitrage against "market rate rent".

People complain we shouldn't subsidize people buying homes who can't afford them. Then why the f____ are we subsidizing landlords instead?

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by branchless on Friday October 09, 2015 @07:53AM (#10359426)
Yeah you get it. Worrying how bad HN is at economics.
Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by toomuchtodo on Thursday October 08, 2015 @05:01PM (#10356196)
> Do you view farmers the same way?

Providing food for free is next on my list. I don't need labor. I just need clean energy and automation.

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by kamaal on Thursday October 08, 2015 @11:12PM (#10357945)
Why not ask the whole world to slog themselves to death and serve you for free?

If they refuse to condemn themselves to such, you can always call them evil.

Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by toomuchtodo on Friday October 09, 2015 @07:29PM (#10363829)
I didn't quite get your comment. Did you have a problem that I'm trying to avoid using labor at all costs to achieve my goals? I don't think its wrong to give everyone what they need to survive without them needing to work if I don't need labor to do it. Perhaps you could enlighten me?
Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by hugh4 on Thursday October 08, 2015 @05:30PM (#10356429)
Uhh, and land.
Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by toomuchtodo on Thursday October 08, 2015 @06:27PM (#10356803)
Technically, not with hydroponics. I can build up.
Re:62% of Americans Have Under $1,000 in Savings, Survey Finds by kamaal on Thursday October 08, 2015 @11:04PM (#10357926)
>>It's not being evil per se, but being an economic leech of sorts.

I'm not sure from where this kind of thinking arises. Any investment is supposed to be a vehicle where your money increases without you having to directly work for it.

By that definition, all investments are wrong.