A Boring Dystopia

9721 readers

201 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

1030

Get rid of landlords... (lemmy.world)

submitted 6 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

498 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] UnderpantsWeevil@lemmy.world 1 points 6 months ago

Almost nobody ends up with taxable income from renting because the rent goes to the mortgage, property tax, insurance, maintenance, etc.

Some of the highest grossing dividend stocks on the market are from REITs. Those dividends are coming from somewhere.

the part he’s leaving out is the equity he’s building at the tenant’s expense.

Sure. They're paying both the interest and the principle, and they're not seeing any of the appreciation of the underlying asset. I wouldn't even call this "at their expense" as there are some risk-benefits to renting (namely, no exposure to liability of the building loses value or falls apart). But its very obvious he's not suffering for this arrangement.

He's just not price gouging, either.

Which is probably the best case scenario in any kind of landlord-tenant relationship.