this post was submitted on 02 Oct 2023
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Exactly and where did the money come from? They earned it until they had enough to invest in a house.
Right, because rich people "earned" their money. Good one.
Yes, actually. Where do you think their money came from? (Alternatively their relatives may have earned it, that shouldnt make a difference for you though).
How convenient, next you'll be telling me to just take out a small loan of $1m from my parents.
Im saying it doesnt make a difference to you if they got it from their relatives or not, the point is: somebody earned it (or usually they earned it themselves.
Them inheriting it is what took that house off the market.
I'm aware large corporate landlords are more of an issue with housing supply, but the slumlord that owns 30 rentals and doesn't reside in the area is a problem too.
Exploitation of the working class, mostly.