PugJesus@kbin.social to Political Memes@lemmy.world · 8 months agoWhat a benevolent lord!media.kbin.socialimagemessage-square122fedilinkarrow-up11.21Karrow-down141
arrow-up11.17Karrow-down1imageWhat a benevolent lord!media.kbin.socialPugJesus@kbin.social to Political Memes@lemmy.world · 8 months agomessage-square122fedilink
minus-squareZMoney@lemmy.worldlinkfedilinkarrow-up6arrow-down2·8 months agoThe way the real estate market is currently set up, a property sitting empty still generates profit as a financial asset. This is the major issue with rentier capitalism, not your average middle class homeowner with an extra property for rent.
minus-squareEatATaco@lemm.eelinkfedilinkEnglisharrow-up2·8 months ago The way the real estate market is currently set up, a property sitting empty still generates profit as a financial asset. Please expand.
minus-squareSparrowRanjitScaur@lemmy.worldlinkfedilinkarrow-up2·8 months agoHome value goes up over time.
minus-squareEatATaco@lemm.eelinkfedilinkEnglisharrow-up1·8 months agoYeah but you’re paying taxes and maintenance. It’s actually not a great investment vehicle if it’s sitting empty, it’s just generally very safe.
The way the real estate market is currently set up, a property sitting empty still generates profit as a financial asset. This is the major issue with rentier capitalism, not your average middle class homeowner with an extra property for rent.
Please expand.
Home value goes up over time.
Yeah but you’re paying taxes and maintenance. It’s actually not a great investment vehicle if it’s sitting empty, it’s just generally very safe.