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A landlord from Poland divided his apartment into 25 rooms of 6 square meters and rented them out for $320/month per room.
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this post was submitted on 20 Sep 2023
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urbanism
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Is this the dream of every Westerner to own property that they can rent out? I hear a lot of this from Americans and Canadians about how they want to get into real estate.
It's not just a westerner thing, look at China before Mao's reforms. Look at parts of South Africa now. Feudal economic conditions lead to this kind of rent seeking behaviour being taken to the extreme. It's why Adam Smith hated landlords so much, the whole point of capitalism, to those that actually belive in it, is that's it's a progression from feudalism. So this kind of extreme rent seeking behaviour should not be a part of capitalism, according to what I refer to as utopian and idealistic capitalists. However, in actually existing capitalism, neo feudal economic conditions are recreated over time as the rate of profit falls. Which leads to this kind of behaviour and landlord worship.
The Chinese landlords pre Mao were more feudal lords than people renting out residential properties
So were the people Smith calls "landlords," (who were generally renting land for farming, not shelter, as they also did in China). His point stands, it's just a different type of rent extraction.
And the people renting out residential properties are becoming more and more feudal in their tactics as time passes. Like in this post about the guy subdividing his apartment in Poland, to take advantage of a refugee crisis with the war next door.
That's capitalism confronted with finite resources, everyone just want to be a renter and reap what they don't sow
Yep, I know a 22 year old who's current financial goals in life is looking for rental properties to buy within the next year in his cheap hometown so his parents can manage it
My cousin who is 18 plans on getting a house with friends so she can get her friends to pay the mortgage via rent
Pay HER mortgage? That's incredibly deranged if so
Me and 4 of my friends at the beginning of uni considered buying a townhouse and then selling it after we graduate lol
wild that's almost exactly my landlord
Depressing news there are zoomers that are becoming landlords already
Yes. I have a cousin who bought a place and is renting it out rather than living there because she can't actually afford the mortgage on her own salary. She's living with my aunt for free.
It's bad, folks.
Some see it as a survival strategy for when they reach retirement age
Jesus. You guys should live down here where the government can't reach us and we build our own houses with the community. Only downsides are very awful internet access and spotty electricity. That, and you need to grow and harvest your own food.
Tom Bombadil approved lifestyle