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Joined 2 years ago
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Cake day: June 13th, 2023

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  • The question is what they should do in order to be fair and non-parasitic.

    Sell their properties to their tenants, or grant tenants equity in the property based on how much they pay in rent (ie, co-ownership).

    So far, I understand that you’re convinced ownership is necessary if any payment is involved. What I don’t understand is why*.

    For an exchange to not be parasitic, both parties must gain something equal to what they lose. This, by definition, means that a renter must be able to pay zero dollars for rent in months where the landlord doesn’t have to make a mortgage payment and doesn’t need to do any maintenance on the property.

    We agreed that people should be paid for their labour. What makes home rentals special in that regard?

    As I’ve already said, landlords don’t provide a service equivalent to the payment provided, and the indefinite nature of a lease makes it impossible for a landlord to ever provide value equal to what a renter pays. As long as a tenant lives in a rented space, they have to pay a fee for the privilege, even if they’ve paid enough to pay for the mortgage many times over. You can’t convince me that a landlord can provide potentially multiple properties worth of value over the span of a lease.