My spouse and I both work for a living, and we’d be in a hard spot if either of us lost our jobs. We also own 3 rental properties, and I have a military pension. We also own a farm where we raise 6 cows and enough chickens to have some eggs to sell.
So, we get most of our money from our labor, the rental properties pay for themselves most of the time but we don’t pool that with our personal money…it’s for the mortgages, taxes, maintenance and to cover for when we don’t have renters (which is almost never…weird how that happens when you aren’tcharging exploitative rents).
We sell eggs and make a small profit on those, but not enough to support ourselves…same with the beef…it’s mostly for us and family to eat (because fuck factory farming) but if we don’t have the freezer space we’ll sell the extra as well. That makes us both labor and capital… and my pension and military retirement benefits are basically as close to socialism as we’ll get in the US anytime soon, the biggest difference being I had to earn it.
Based on my definitions. Owning the 3 rental properties makes you owner class as that is private property, also when you pay off the mortgages you are going to be in a great spot right?
Farms are weird, if you only had the farm and have hired nobody else to help you run it then working class. If you hire people, well then you are owner class.
You both also have jobs on top of running a farm? Out of curiosity how do you have the time to manage your farm and work at the same time?
It’s not quite so black and white, though.
My spouse and I both work for a living, and we’d be in a hard spot if either of us lost our jobs. We also own 3 rental properties, and I have a military pension. We also own a farm where we raise 6 cows and enough chickens to have some eggs to sell.
So, we get most of our money from our labor, the rental properties pay for themselves most of the time but we don’t pool that with our personal money…it’s for the mortgages, taxes, maintenance and to cover for when we don’t have renters (which is almost never…weird how that happens when you aren’tcharging exploitative rents).
We sell eggs and make a small profit on those, but not enough to support ourselves…same with the beef…it’s mostly for us and family to eat (because fuck factory farming) but if we don’t have the freezer space we’ll sell the extra as well. That makes us both labor and capital… and my pension and military retirement benefits are basically as close to socialism as we’ll get in the US anytime soon, the biggest difference being I had to earn it.
Based on my definitions. Owning the 3 rental properties makes you owner class as that is private property, also when you pay off the mortgages you are going to be in a great spot right?
Farms are weird, if you only had the farm and have hired nobody else to help you run it then working class. If you hire people, well then you are owner class.
You both also have jobs on top of running a farm? Out of curiosity how do you have the time to manage your farm and work at the same time?