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.

  • z00s@lemmy.world
    754·
    8 months ago

    If you are engaging with housing as an investment vehicle, you are part of the reason why there is a global housing crisis.

    Housing is a human right and should be legislated as such.

    • flying_sheep@lemmy.ml
      2314·
      8 months ago

      I own a flat that I rent out to people who make similar amounts of money as I do.

      That allows me to take a lower paid job that allows me to do more open source work.

      I agree with your second paragraph.

      • SkippingRelax@lemmy.world
        277·
        8 months ago

        This is lemmy. You are no better than musk or bezos for doing that you filthy capitalist.

        You should do you open source work hungry, naked and in the cold while someone is whipping you. Like all the virtuous 14yo tankies that are downvoting you certainly do.

        /s in case it’s needed

      • ___@lemm.ee
        42·
        8 months ago

        So you’re not working and collecting money for it so that you have more free time to yourself that you use for your own personal interests.

        You then make sure the people you rent to don’t have that free time, and raise the overall property prices by taking an available unit off the market.

        Got it.

        • flying_sheep@lemmy.ml
          1·
          8 months ago

          Nope, that’s very much not correct lol. I’m working. It’s just that you don’t find jobs that pay super much for open source work.

          And the people renting my apartment are DINKs, they have a lot of choice about how much free time they have.

          No idea about the market price thing. But I’m going to assume you got that wrong too, since the rest of your comment was baseless speculation.

          • ___@lemm.ee
            2·
            8 months ago

            That’s nice you rationalize it. The damage you’re doing is minimal, so don’t worry about the avalanche snowflake.

            I understand you’re working, but you’re not working as much as the people you rent to (at a minimum to make up for the rent). They may have the means and not feel the impact, but that doesn’t change the math.

            The market is based on supply and demand. You reduce supply, therefore increase demand. More demand equals higher prices.

            Seeing as how you lack the basic understanding of these concepts, yet respond with arrogance, I won’t bother replying anymore.

            • flying_sheep@lemmy.ml
              11·
              8 months ago

              I am working as much as the people I rent to. I’m just working a job that generates more value for the public and less value for the company than a comparable job that I could get elsewhere. Therefore they pay me less than if I would work exclusively for some company’s bottom line.

              • ___@lemm.ee
                2·
                8 months ago

                Fine, I’ll bite.

                I’m one of the privileged who own a home which doubled in value over the last three years. I have enough free cash flow to buy a second or third rental property. I’ve contemplated it, and even though me and my family would be better off because of it, I refuse to.

                I have friends who do so, and I’m not running to chop off their heads. People are born into this system and personally benefit from it, so they don’t question it.

                The housing system is a wealth cheat code that needs reform. We’re heading towards something similar to the Chinese ghost cities where wealthy individuals use land as a bank due to the volatility of other financial instruments. Look at the occupancy rate of the numerous NYC skyscrapers that all popped up at lightning speed before this whole market was projected to inflate in value. People own these and other “investments” completely empty to hold value. Most are unrented.

                It boils down to the personal freedom that wealth affords. You have more freedom to accept less compensation because you own land. You support public infrastructure, which is commendable, but you have that privilege on the backs of others. You’re not alone, and the law promotes this behavior. It’s like you’ve drilled another hole in society’s boat, but you bucket back the water to compensate. The boat is still sinking on the whole as not everyone uses their time generously.

                There are other ways to add value to society that provide passive income that don’t have the same negative consequences (that we’ve identified anyway). You’re acting as a rational actor playing by the rules; those rules just happen to be broken.

                Thanks for contributing to the record of public code that will benefit society. I just hope we won’t need these harmful wealth loopholes in the future to afford you (or anyone else) that comfort.

    • intensely_human@lemm.ee
      61·
      8 months ago

      The reason there’s a global housing crisis is government ultimately controls the throttle on new housing development, and government always allows less than the demand.

      Our supply doesn’t match our demand and the problem is getting worse as populations increase.

      For example, there are countless places where an apartment building would be more profitable than a new house, but zoning density restrictions force people to either build a house or nothing.