I know these kinds of hypothetical questions are kind of boring, but I was curious what you guys that about this.

The situation is: I am a relatively wealthy person, with enough investment properties to rent out for income and live off. I decide to rent at a price below the market value and attempt to get tenants who are trying to live in the area but are not financially stable, so I can provide some sort of assistance by giving to them cheaper than they can get elsewhere.

I now don't have to work a single hour a day.

I use a full-time work schedule to do all of the following tasks (aside from other things like cooking, cleaning, exercise) (in no particular order):

  • Manage the properties I own
  • Study theory
  • Attempt various worker organisation activities/union activities
  • Participate in Communist Party meetings
  • Partake in Communist Party activities
  • Volunteer for numerous mutual aid groups
  • Protest
  • Write (online articles) and all the other sorts of activities. In other words, attempt to be a "professional revolutionary" as I believe Lenin put it.

Would this be a moral course of action? Or does living purely off the rent of workers outweigh dedicating basically my whole spare time to my nation's socialist movement?

Edit: Just for context I'm not actually in this position lol.

  • comi [he/him]
    ·
    3 years ago

    Moral course of action is take rent compensating you for your labor as property manager, which, assuming my understanding of labor of property manager and average rent price should be like: 1-10 hours a week as a manager, assuming average rent is 25 percent of paycheck, you should rent one property for 1-10/40 average salary? So unless you manage one property for 10 hours a week, it should be significantly lower.

    You still get property appreciation even.

    Hypothetically

    • comi [he/him]
      ·
      3 years ago

      If that’s kinda on the low end and you don’t want to work, you can either sell one of the properties and slowly burn money as cash (which should be enough for like 10 years with property prices, and assuming you have your own place), or make contract where surplus rent directly transfers partial ownership to the renting party over time :shrug-outta-hecks:

      I’m actually very sympathetic to the last one: you don’t get an argument “if I sell, other party will rent for more, so it’s morally bad”, and if they buy out their property this way you become small story of friendly commie for couple of future families/friends of those people