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Re:Some young people are buying houses with friends by chrisseaton on Wednesday March 06, 2019 @07:57PM (#19324668)
> Rent is theft.

Wow that's strong. Do you really believe anyone who offers property for rent at market price is morally equivalent to a conventional thief?

Re:Some young people are buying houses with friends by jjoonathan on Wednesday March 06, 2019 @09:10PM (#19324997)
My take on it isn't that strong, but perhaps it will give you an idea where they're coming from.

Part of rent pays for goods and services: construction costs, upkeep costs, administration costs, insurance costs, etc. Insofar as it does that, I believe that it is a healthy net-positive economic exchange.

Rent also partly goes to pay an individual or company for the service of everyone else staying away from that particular chunk of space. That's the problematic part.

See also: banks selling mortgages are financial arms dealers profiting off of exacerbating all of this.

The real trick is figuring out what to do about it and how, of course.

Re:Some young people are buying houses with friends by chrisseaton on Wednesday March 06, 2019 @09:15PM (#19325030)
> Rent also partly goes to pay an individual or company for the service of everyone else staying away from that particular chunk of space. That's the problematic part.

That sounds like a general aversion to any property rights or right to privacy at all, if you mean that you're paying for nobody else to come and be in the property at the same time as you. Not sure how it's specific to rent?

Re:Some young people are buying houses with friends by jjoonathan on Wednesday March 06, 2019 @09:19PM (#19325049)
It's an aversion to a very specific form of property right. Henry George is the one to look up for details.

It's not an aversion to property rights in general. In particular, it isn't an aversion to allowing private ownership of the means of production (communism) or, on the flip side of the modern acceptability coin, private ownership of people (slavery).

You're right that the phrasing of the argument was general. There are more specific moral arguments on every side of every one of these, but the practical side of it always boils down to: how do you preserve incentives in a market's growth phase while discouraging rents (in the economic sense of the word) in the steady state?

That's a tricky one, and I don't claim to have a general answer, but I'm pretty sure that in the particular case of land it has something to do with society not making unbounded promises in exchange for bounded goods, e.g. of eternal, transferable land exclusivity to a private entity in exchange for building a log cabin on it. From that perspective, the government of past generations stole the exclusivity rights from modern citizens, and the present landowners are in a situation similar to any other possessor of stolen goods.

Re:Some young people are buying houses with friends by imtringued on Friday March 08, 2019 @08:38AM (#19337351)
Tool rental maybe. I once rented a power tool for 30€ that cost 200€ in total. 7 days and I could just buy it outright... However the residential rent market is pretty fair in my opinion. It is viable for an individual to rent for a whole lifetime and not pay significantly more than the property cost in the first place. As a comparison: I could buy that power tool hundreds of times if I rented it for three years.