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iwein

@HeavenlyPossum @storyworker @violetmadder @Daojoan if they don't profit, that would be incorrect and undermine all the rest you would argue from here. Why would you put a gaping hole like that in an otherwise perfectly interesting line of reasoning?

22 August at 10:38 | Wall-to-wall | Open on mas.to
5 comments
HeavenlyPossum

@storyworker @violetmadder @iwein @Daojoan

Even if landlords are operating “at cost,” they are probably acquiring equity.

If they’re not even acquiring equity, they’re probably just really bad at landlording.

22 August at 10:42 | Open on kolektiva.social
HeavenlyPossum

@Daojoan @storyworker @iwein @violetmadder

But even if we take the very narrow view of profit as income over operating expenditures, all rent is profit. The operating expenditure of ownership is effectively zero.

22 August at 10:45 | Open on kolektiva.social
iwein

@HeavenlyPossum at low scale the costs of ownership are not negligible, and if we remove the speculative value, as we should imo, then owning something for someone else is a service with an associated fair price.

I think the root causes are not the ownership itself, but:

1. Human rights to shelter are not guaranteed properly,
2. Artificial scarcity and unfair prices are allowed.

If the private ownership would be limited, the service of owning shelters should be provided still.

@HeavenlyPossum at low scale the costs of ownership are not negligible, and if we remove the speculative value, as we should imo, then owning something for someone else is a service with an associated fair price.

I think the root causes are not the ownership itself, but:

1. Human rights to shelter are not guaranteed properly,
2. Artificial scarcity and unfair prices are allowed.

22 August at 11:22 | Open on mas.to
HeavenlyPossum

@iwein

Private ownership is artificial scarcity.

Aside from any property taxes or cadastral registry, the cost of ownership is effectively zero.

Owning something for someone else is not a service.

22 August at 11:24 | Open on kolektiva.social
Cy
(and property taxes are also artificial scarcity)

@iwein@mas.to
22 August at 20:56 | Open on fedicy.us.to
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