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Is investing in real estate immoral if you use it to buy your first home?

I'm someone who believes landlording (and investing in property outside of just the one you live in) is immoral, because it makes it harder for other people to afford a home, and takes what should be a human right, and turns it into an investment.

At the same time, It's highly unlikely that I'll ever be able to own a home without investing my money.

And just investing in stocks means I won't have a diversified portfolio that could resist a financial crash as much as real estate can.

If I were to invest fractionally in real estate, say, through REITs, would it not be as immoral as landlording if I were to later sell all my shares of the REIT in order to buy my own home?

I personally think investing in general is usually immoral to some degree, since it relies on the exploitation of other's labour, but at the same time, it feels more like I'm buying back my own lost labour value, rather than solely exploiting others.

I'm curious how any of you might see this as it applies to real estate, so feel free to discuss :)

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  • If you truly believe investing, and especially investing in real estate, is immoral, then you shouldn't do it, the same way you shouldn't eat pork if you keep kosher or halal.

    Anything else, especially "it feels more like buying back my own lost value" is such a gigantic cope that I've seen pictures of it taken from the ISS.

    Either accept that your beliefs are incorrect, and participate in the market like a normal person, or stick to your beliefs when it's inconvenient too.

    This behaviour is morally no better than that of megachurch pastors who preach the immorality of gay sex and get caught paying men to fuck them in the ass.

    • This behaviour is morally no better than that of megachurch pastors who preach the immorality of gay sex and get caught paying men to fuck them in the ass.

      OP didn't say they preached their morals though. Holding morals and preaching them are different things. I'd put this more in the category of people who pray secretly to a different god than the state-enforced religion, since OP is living in a capitalist society whilst not holding capitalist values.

      I think there's got to be room for some grey areas in morality. I abhor late-stage capitalism, but I would not rather die than shop at a chain supermarket.

      • Holding morals and preaching them are different things.

        I fundamentally disagree that this distinction exists, and even if it did this is not a situation where it would apply.

        Morals regulate your own actions, there is no point in holding a moral value that you don't abide by. That makes you a hypocrite whether you preach that value or not.

        Preaching it also makes you a public hypocrite if you get caught, but you're still hypocritical even if you are only betraying a private value, you're just not accountable to others.

        And if that's all that matters to you then you don't actually hold that value.

        I think there's got to be room for some grey areas in morality.

        There is room when you can draw a clear line as to why a principle ought to apply in one situation but not in another, an argument that "it feels different when I do it" is no such standard.

        For instance, killing is permissible in self defense, but murder is not acceptable. Easy line to draw that makes the same practical action morally distinct depending on context (aggressor/victim).

        I abhor late-stage capitalism, but I would not rather die than shop at a chain supermarket.

        And if that's your only option that is a pretty straightforward line you can draw that has nothing to do with your personal gain by ignoring an otherwise inconvenient principle.

        "I won't patronise large corporations whenever I have an alternative" is a fair line to draw, as long as you don't immediately walk back on it as soon as it becomes inconvenient by being slightly out of your way or a bit more expensive.

        OP said no such thing, however. They straight up went "when I break my own moral principles it doesn't feel as bad as when others break them against me" which is utter horseshit.

        You mean to tell me that when you try to kill someone it somehow feels less bad than when someone else tries to kill you? No fucking way, what a discovery!

        So yeah, unless OP can actually provide a generalized standard by which anyone can do what they're doing and still maintain an ethical position, they're just finding excuses to placate their own conscience, while pretending to maintain a coherent moral standard, when really they never held anything of the sort, they just don't like to be on the receiving end of the stick.

        • I fundamentally disagree that this distinction exists, and even if it did this is not a situation where it would apply.

          But it does exist; preaching is persuading or guiding others to follow your own beliefs. If no distinction existed then we would be mechanically bound to preach what we believe, and we're not, so it's a choice.

          Everyone is a hypocrite to some degree. There are levels of hypocrisy that are breathtaking, and levels that are just meh.

          'Thou shalt not kill' is a biblical commandment, not a principle. It comes from the fundamental principle of harm minimisation, and the two examples you gave are different (extreme) applications of that principle, see: the trolley problem etc. It's morality for babies; looking at extreme black and white cases to be able to get a clear, consensus issue. Life is rarely that simple. Morality is never that simple.

          They straight up went "when I break my own moral principles it doesn't feel as bad as when others break them against me"

          I'm not sure, that seems like another extreme interpretation of something more nuanced.

          • But it does exist; preaching is persuading or guiding others to follow your own beliefs. If no distinction existed then we would be mechanically bound to preach what we believe, and we're not, so it's a choice.

            Let me clarify: there is no such distinction where it pertains to determining the morality of an action. Preaching a value or holding it privately only impacts the perception others have of your transgression, not whether something is a transgression.

            Everyone is a hypocrite to some degree.

            Everyone who doesn't reexamine their morality to match their actual values and/or does not have a spine will inevitably become a hypocrite given enough time.

            If when faced with a moral quandary you actually examine why you are finding yourself in this position of wanting to do something that, by your own moral standards at that point, would be evil, and you stick to an honest self-critique (as in, if it is indeed a moral failure you own it and correct your behaviour) you'll rarely stay a hypocrite for long.

            In OP's case, what is happening is one such moment, and they've got nothing on either the re-examination nor the self-critique end. They're like looking to a crowd of strangers for moral absolution to do something they themselves consider immoral/evil.

            That is the truest most cut and dry state of moral void, where the individual ignores their own conscience because they were given a pass to do so by someone else, as if anyone has such an authority.

            It comes from the fundamental principle of harm minimisation

            LMAO get that consequentialist bullshit outta here.

            Consequentialism is a fundamentally useless moral framework, you would need to be prescient for it to be in any way useful to you and it can be used to justify literally any action regardless of held principles.

            'Thou shalt not kill' is a biblical commandment, not a principle.

            You are high if you think any human society was ever cool with murder, (the 6th commandment is more correctly translated to 'thou shall not murder', which tracks given how much killing happens to be not only fine but sanctioned by god himself in the old testament) given how it's almost definitionally wrong to murder.

            Also even more ludicrous that you'd think this is somehow something introduced by the torah when we have mesopotamian written laws with explicit punishments for murder and even unjust killing regardless of motive or premeditation.

            Humans simply don't want to be killed willy-nilly, this predates the written word and possibly actual coherent language.

            It's morality for babies

            You're the one who brought in consequentialism, don't blame me for making this conversation basic.

            Morality is never that simple.

            Nor did I ever state it was.

            You think I am claiming it's that simple because you seem to think I'm coming from a place of disagreement with the OP and that's why I argue they're a moral failure.

            The problem is that OP is in a place of moral failure to themselves, which is why they're asking for moral license to break their principles instead of doing the arduous work of self correcting, whether by shedding a moral principle they don't actually believe in and accepting their past self being wrong, or by standing firm and accepting the inconvenience that comes from sticking to their principles, and that their present self is wrong.

            Regardless of your moral framework, this is the peak of amoral behaviour, as it renders any moral framework fundamentally optional and useless when faced with outside approval.

            It makes you a definitionally amoral agent because not only are you susceptible to peer pressure (which is always true to some extent) but you actually seek it out whenever sticking to your principles becomes inconvenient enough, which means you are only ever going to be moral whenever it's convenient, which is just as good as never being moral in the first place.

            OP is like an alcoholic looking for enablers, when they know they should be calling their sponsor.

    • Either accept that your beliefs are incorrect, and participate in the market like a normal person

      Yeah?

47 comments