Hometown: Poughkeepsie, NY
November 5, 2013
I am opposed to the ever-widening chasm in terms of income inequality. This chasm has resulted in depressed areas in which the carrying costs of real estate are (or likely are) exceeded by the rental income they generate. In the suggested investment, the difference between being an exploitative landlord who eventually degenerates into an absentee landlord has to do with landlord activism. Less grandiosely: it seems to me that the rental income from certain properties in areas considered undesirable can cover the costs of ownership as well as those of guiding tenants into homeownership (and, thereby, stakeholdership), in turn promoting transformative change in the community.
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I am an underarticulated idealist. This is changing.