this post was submitted on 05 Dec 2024
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[–] [email protected] 10 points 2 weeks ago (2 children)

Or, when someone says "abolish private property" they're not talking about your toothbrush.

In this context, private property is the stuff you can use to generate capital. Personal property is your toothbrush, your phone, clothes, furniture, bike, car, house etc.

If you own a second house for rental income, that's private property. The house you just live in is personal property.

[–] [email protected] 2 points 2 weeks ago (1 children)

Not all second homes are private property necessarily. If you work out of it then it's personal property, like if you're using it as a vacation rental and doing all the cleaning and maintenance yourself. If you hire someone else to do the work for you then it becomes private property. My preferred way of explaining the distinction is that private property is akin to absentee ownership, while personal property is stuff that is in active use by you personally.

[–] [email protected] 2 points 2 weeks ago (1 children)

if you’re using it as a vacation rental and doing all the cleaning and maintenance yourself. If you hire someone else to do the work for you then it becomes private property

Do you guys even listen to yourself? This makes zero sense.

[–] [email protected] 1 points 2 weeks ago

How can I better explain it to you in a way you will understand?