I ask this question because at the moment in the area I live property is at a premium and it is virtually impossible to get onto the property ladder. Yet we private landlords whom own twenty properties or more in just single town to get rent. We also have people that own maybe one extra house and use it as a kind of pension.

Is this morally right?

It is stopping my generation and future generations from owning property as these wealthy landlords are buying everything and pushing up the prices. It feels like throwing money away when renting and a lot of us are sick of seeing these landlords take our future away.

I can understand people having two or even three homes, maye a holiday home and a bed sit if they work far away in the week but when people own twenty properties you just want to say 'give me a chance'.

Sure it is unless you are a slum lord who does not care and in truth are out to destroy lives through some sick sense of control over the needy.

There needs to be rentals on the market, how else are young adults able to leave home and be on their own.

There are also people that want to live in a house, but don't want the responsibility of repairs and upkeep, so they also need a place to rent.

Prices go up, they also go down. People need to be ready to purchase when the price is low.

If you don't like it, move to a city/town/village where you do like it. Like it was mentioned above, I don't think 17-18 year olds are able to buy a house straight out of high school (on their own anyways) so they do need a place to stay if they want their independence.

What a dumb post. If someone want to own 100 properties and rent them for as much as the market allows, thats His right. Or should We be communist and restrict everything?

is this what ATS is about the poor what about me people if you want something in this life make it happen if you don't it is nobody's responsability to take care of you this whole thing about higher wages and lower prices if you work a dumb job for dumb pay and you want to be treated like a smarty then get educated or experience i have been the boss in my field for years and had someone ask why they did not have a chance to be the boss i asked him what he spent his time doing and he loved sports knew everything about who was doing what i did not wast my time on that stuff i enjoyed what i did and there was my focus so he stopped wasting time on sports and within two years became a boss look if you want to drive the bus learn how to drive the bus don't just ride the bus and expect to be treated like your the driver

OP, who decides morals ???
me for you or you for me ???
or, how 'bout we each decide our own

i do not need or desire multiple properties, however, the market determines occupancy and the rates accompanying it ... if a homeowner wishes to improve the property (gentrify - your word), why should they have to ask anyone if they are adhering to some imaginary morality code?

and, if you "rent" the property, what say in the matter do you think you should have ??

I see nothing wrong with it morally. As another has suggested though, it is what you do with that property that can make it moral or immoral. Slum lords, for example.

But in general, I have no problem with anyone owning as much property as they want.

Originally posted by jondave
What a dumb post. If someone want to own 100 properties and rent them for as much as the market allows, thats His right. Or should We be communist and restrict everything?

With respect I don't believe it is a dumb question. Maybe if you look at it from a purely capitalist perspective but there are other ways of thinking - no I don't believe the whole world should be communist either but the capitalist model is failing and there are restrictions everywhere anyway, don't tell me you believe America is still the land of the free?

I think there could be checks in place that provide everyone with a fair chance, If there are 100 homes in a village is it fair or 'morally' right to buy up those homes and prevent the future generations owning their own. Couldn't the landlord that owns the homes large unfair prices to future generations while holding a monopoly on property.

It's not so easy to just move when you have a job, friends, family and ties.

i owned over 20 properties before i hit 30, at which point i sold em off

why? i hate tenants!

my parents are still landlords of trump caliber,

and i envy anyone who wants to deal with whiny tenants clogged toilets, garbage,recycling, dirty sidewalk FINES galore, fires, damage,depreciation, haggling for timely payments, defaulted tenants, evictions, etc etc in exchange for paper money.

to me, the liability and burden is way to great. what i see in US is a stark dichotomy between the low percent who own, tend to own alot, and then the majority who never even think of owning and live their life out paying rent and dont care for providing some good earth for their next of kin, and thats the problem with america, and historic housing prices and predatory lending are mostly to blame, it goes back to greedy bankers. theres no way in hell a 7ft wide (!) by 30 feet deep residential townhouse lot in manhattan should cost 20million dollars or a 10 by 10 ft room called an 'apartment' on like the 50th floor somewhere should cost a few million too, but thats how it is just crazy

Why should those that work harder than others not be allowed to enjoy their success? Those that graduate high school, attend college, pay for their college, and then hold down responsible jobs day in and day out.
Showing up for work on a timely basis and getting along and performing their jobs correctly. There are an awful lot of people who are irresponsible and keep society unstable. Save your money up and apply for HUD or FHA housing loans. Keep impeccable credit history. Buy houses that need lots of work cheaply, fix them up in one year. Sell for a higher price, building up your networth. Do this eight to nine times (9 houses/ 9 years), then buy furniture and live your adult life. There is a rate at which the houses can be exchanged with out being overly taxed for capital gains, usually one year and the money has to be immediately reinvested. Sacrafice and hardwork, along with good choices is how it happens. Teachers, firemen and police officers get a discount on some mortgages. I think its buying the forclosed properties, I would have to look that issue up.

People who invest in rental houses have all their money invested in the properties and make little to none in profits. This is called a long, long term investment. It is a business. A humanitarian project, because often those houses were forclosed on and in very bad shape. These investors are bringing the neighbor hood up and keeping drug gangs out of the neighbor hood that like to vandalize and party in those houses. Those investors are also giving jobs to the community handmen, keeping them working and off drugs. It is a community positive thing. A realestate investor is someone who makes very little money for a very long term investment. Often those houses are very difficult to resell. Depending on the neighbor hoods and the type of realestate. These investors also pay property taxes which benefit the communities. It takes a really patient and responsible investor to do the rental houses, because the renters usually tear the houses up and the investor has to prosecute. I think that form of investing is the most diffucult long term investment out there. It is a job, it is a business like any other. I hope this clarifies your question.

I keep wandering where the money comes from to save? For me that would mean giving up a weeks worth of food, gas in my car or not paying a bill. Not everyone has the luxery to have money left over or own mutliple properties. I would bet most people on ATS are lving paycheck to paycheck and do not have these luxeries either.