BonesOfTheMoonHappy Labour Day to people who are not landlords.
RememberTheApollo_One thing I’ve learned on reddit is that you never tell people on platforms like that or even this one that you’re a landlord. You could be the best landlord, never raise a reasonable rent, keep a well and promptly maintained property, and LanDlOrDs aRe The ScUm of ThE Earth!!1! is all you hear.
The very idea of being a landlord is pretty evil though? Like in a housing shortage you’re hoarding property and profiting off it.
At best, rent only covers taxes and building upkeep. Then you’re essentially giving a zero interest loan since property is valuable and your loaning it to them for free.
Rent is obscene virtually everywhere. Rent should not preclude someone from saving money towards owning their own home, and it really does.
Hot SaucermanAlso, the available, functionally livable land is going to quickly get smaller with climate change. So the more viable land is hoarded, the more people are pushed into desperate and bad living situations.
Yeah, that’ll push the prices up even higher.
I don’t disagree. Obscene rent bad. That means the internet on the loan that you are getting is extremely high. The solutions would be subsiding it by government owned housing, allowing new housing, especially high density to be built, and discouraging people from living in cities. I think we should do both the first two.
Where would people live then? Those don’t want to buy. Under the bridge?
rjs001Think before you speak
No it’s absolutely not. Your comment displays a complete ignorance of the business.
“Business”, admit it, it’s a scam and con same as the rest
Not a scam in any way.
It’s literally no different than those car extended warranty
It’s not a business, it’s a scam to take advantage of people
Not a scam. Not taking advantage of people. You’re just wrong on all accounts.
HornyOnMain🏳️⚧️Get a real job
I have a real job. It’s called being a landlord.
what do you do as a landlord? Like when you come into work during your weird landlord schedule they always seem to have - what do you actually do?
Being a landlord means being self-employed. There’s no set 8-5 M-F schedule like there is when working in an office.
It could mean meeting a contractor at 7:30am on a weekday or it could mean working on the weekend. Or staying at a property until 11pm painting to get it ready for a tenant.
There’s no set 8-5 M-F schedule like there is when working in an office.
that’s why I mentioned the weird schedule they always have. My current one has some shit like Saturday 1 pm to 4 pm and then they don’t reopen until Tuesday at noon then are closed again on Wednesday. Like what the fuck.
I never see my landlord doing shit like that. Just show people to new apartments usually.
I work from home and look outside. I see people move in and move out all the time. I rarely see the guy in charge doing anything other than handing over some keys.
nanoUFOor it could mean owning cheap apartment complex and having a building manager take care of almost everything.
Wrong.
I’d make a point, but you didn’t bother.
Another person who doesn’t know what they’re talking about who is anti-business.
I’m sure they’re not anti business, just anti exploitation
Well then it doesn’t make sense because being a landlord has nothing to do with exploitation.
I mean, even the dictionary spells it out pretty clearly.
“Explotation: The act of using someone unfairly for your own advantage”
And that has nothing to do with landlords.
Whatever helps you sleep night!
it has everything to do with maximizing rents and minimizing costs at the expensive of the people living in those properties. There is a reason why there are rules about increasing rents and protests / laws against demovicitions.
Unfortunately you don’t understand the business.
thanks for illuminating it for me with your vast knowledge.
What’s more pro-business than wanting the people doing all the work to get paid without the leech shareholders that contribute nothing taking all the incentive for that work?
CileTheSane"It’s not scalping, iT’s A bUiSnEsS!
Not the same thing.
Purchasing something that there is a limited amount of in order to profit off someone else wanting it. Sure sounds the same to me…
No, wait, they are different. Concert tickets are necessary for survival.
This is a textbook case of “I don’t understand that thing, so I’m going to irrationally fear and hate that thing”. Making a comparison of two things that are completely different displays that lack of understanding.
This is a textbook example of “I can’t defend a thing, so I’m just going to say you’re wrong for disliking without offering any actual arguments for it.”
Making no statements other than “No, your wrong!” Displays your lack of justification.
So while I generally agree with your sentiment, there are some obvious ways that sometime could be an ethical landlord.
What if you have a house that’s too big, so you convert a floor into an apartment? You’re adding to the number of housing units available. Should you be forced to sell a portion of your house/building to whoever wants to live there? Or should you be able to rent it out to someone at a reasonable rate? Do we want rules that discourage people from potentially adding units to the market?
I feel like the “all landlords are evil” narrative is way too simplistic, and that simplistic view turns off people who would otherwise support reasonable limits on landlords and housing ownership. Like, it’s obvious that we need limits and taxes on people who own multiple properties, and it’s obvious that there are companies that exploit renters and drive up prices, but it’s all more complicated than just “landlords evil lol”.
I rent my property because it’s the only way I could’ve bought it at my age and I use that money to pay for the mortgage of it while I live somewhere I don’t want to (under parent’s wing in a crappy city) but angry people rarely if ever consider all scenarios
Someone else is litteraly paying your mortgage for you because you cannot afford it otherwise. How out of touch do you have to be to say that with a straight face?
Thanks for the insult and making my point, I can afford it but in my country you have to make a downpayment of 20% of the value and that ate into my savings, I want to recover some of my savings before moving to another city and eating into those savings more, plus I have to wait a year for my wife’s job, is it wrong to rent it for that year before I move?
How am I making your point? You litteraly said that you could not afford the place, so you rented it out instead.
Someone is paying your mortgage for you because you cannot afford it, and then you will kick that person out when you want to. That person will then have to move again in a market that gets worse by the month.
I’d say that is pretty bad all around.
How can I not afford the place? This is just to make my life easier I would not artificially make it harder on me if I can rent it to some europeans that will stay on a sabatical in my country.
What is my other choice? Leave the place abandoned for a year until I move? Prices get worse every year and I found a great opportunity to buy now instead of wait until I could buy it without a bank loan. Prices doubled because I waited so this time I don’t want to wait. My mortgage is 25% of my salary that’s not bad is it?
You said that you rent the property you bought because that is the only way you could do it. That is litteraly your first sentence.
Someone else is paying your mortgage right now so that you can move in later.
I am not sure what else can be said.
Same not sure how I can explain myself better so let’s just disagree and move on
This really goes to show that being a landlord requires no intelligence whatsoever.
No one is paying for his mortgage. Someone is paying for a rent. If you think this is bad, then rent should be outlawed.
The rent that pays the mortgage he couldn’t afford to pay. All rent is is paying someone else’s mortgage.
Let’s say the mortgage is payed. Then the rent pays whatever the landlord decides to do with that money. Like literally any other transaction.
Owning multiple homes for profit is a large part of the current crisis. People shouldn’t be able to withhold homes and hold them ransom.
I agree, but limiting rights is not a good way to approach the issue. Raising taxation on 2+ properties is much better. And perhaps there are even better approaches, but an not an economist.
No one has a right to own multiple properties
What about multiple of anything? How about 2 cars? After all, each car takes limited parking space and adds to traffic problems. How about eating more calories than one needs to live? Should we review all existing items that one can buy?
One problem at time. Using the overwhelming tactic is just that, a tactic. Just because there are other issues we face, doesn’t mean we shouldn’t fight this battle. But at the end of the day the answer is yes- we should review all existing items that one can buy. Have you seen the state of the environment lately?
So you’re keeping home ownership away from someone who can afford to pay your mortgage is what you’re really saying.
How did you come to this conclusion? If someone is renting it means they they can’t pay for mortgage. Otherwise they would’ve done so. He said, that he needed to make a 20% payment to even get the mortgage. Idk how much money that was for him, but where I live that would be around 130k$. Clearly not everyone has that kind of cash.
And what’s your solution? Disallow renting properties for which mortgage wasn’t posted in full?
If you buy it, live in it. Stop contributing to the housing crisis. Greed got us here, it certainly won’t get us out.
So disallowing renting. So you don’t control your property, which means you don’t own it but lease it.
This is problematic, since not being able to open your house is worse than having difficulties with obtaining it. I agree that generally having some people own a lot of housing units is bad, but not being able to own a house means communism. And not as a scare, but quite literally, as in definition.
If you buy it, live in it. That’s not communism, that’s taking control of a crisis. Feel free to rent out part of the house while you live in it, in fact some places are incentivizing exactly that. But owning multiple homes for profit is the problem, whether it’s by corporations or “mom and pop” landlords. It’s a problem we can and should fix.
Your assuming everyone wants to own property over renting.
House and property ownership has alot of responsibility and expenses involved. Your water heater breaks well there is $1000+ your roof needs replacing there is 30K. All of that goes away when you rent as it isn’t your responsibility.
If you own property it can harder and more risky to relocate. I know a few people that bought in 2007 and then were stuck as they couldn’t afford to move because they were upsidedown on there house.
Not saying renting is all sunshine and roses. I personally would rather own then rent but home ownership isn’t for everyone.
But I do think it is a major problem when you have a few companies buying up all property so no one else can afford it. But I don’t think being a Landlord is inherently evil.
Rentals should be socialized, not owned by corporations or private citizens.
Yikes