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Top_Ad5385 t1_ja7zftf wrote

Reply to comment by NetPhantom in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

So how does one ethically invest in anything? If I put money in the market, I'm also making money sitting on my dead ass right?

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Snownel t1_ja80ert wrote

You'd be demanding parasitic profit by threatening to withhold a basic human need (shelter). It isn't just that passive income is unethical.

If you want to invest in housing ethically, build a house.

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NetPhantom t1_ja80579 wrote

Buying stocks doesn’t include leeching off people’s labor. Renters will pay you more than your mortgage. You’ll take their money then pay your mortgage getting credit for THEIR money. You’re directly profiting off their labor by inserting yourself in the process. There’s zero upside for the renter. If you’re ethically ok with that then be a landlord. It’s a choice you need to make for yourself.

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