The bigger problem is the big corporations that are hoarding multiple apartment buildings.
If they don’t provide housing then why do people pay them to let them live somewhere? Why don’t they go to a better place to live?
Last time I checked canadian landlords rent out 550,000 private homes/condos. That means the government doesn’t build rental properties.
So wait the guy’s a clown for taking a risky investment and turning it into profit in a free market where no one is forced to rent from him? And somehow he’s the sucker while he makes enough money to not only survive, but thrive while the people renting from him are the ones upset?
Sounds like it’s just a smart business move and you are the sucker.
This literally only works if idiots overpay rent to people who apparently are going to be in really bad shit if you just don’t rent from them.
Or maybe it’s a lot more complex than this and the idea that landlords are somehow a special breed is a narrative created by victim-minded individuals instead of bothering to learn and understand why the markets work how they do and what actual real solutions to those problems would be.
I’m so grateful for landlords. I rent a house for half of what the mortgage would be, and I don’t have to fix maintenance issues. I may never go back to owning again.
Owning housing requires capital. You have the capital parked in an asset. Owning an asset is not a job. Managing a rental property or especially a portfolio of rental properties is absolutely a job.
Sometimes people need to rent. I have been a homeowner for 22 years and now I rent. I could theoretically buy a house but it would cost me more money on the area I need to be in than renting.
As a home owner you have to bear a lot of costs that you don’t have to when renting. Both cost you money. You have a fixed downside with renting in that surprise expenses are born by the landlord.
How does housing work if you don’t have landlords exactly?
We sold our house to switch to renting bc it’s now cheaper! Let these “investors” keep buying at today’s market rates and renting at the market rates. They are now subsidizing our rents!
Is that an attack on blackrock !
I was a landlord for over 20 years. I don’t know why I am demonized like this. I bought a condo and outgrew it and moved out and rented it out instead of selling it, because with owner financing I could cover the expenses with the rent. It is an investment. I’m not trying to screw anyone. The rent that I could charge was determined by the market and all of the other condos in my building.
Being a landlord is not a full time job but it is a job. It’s a hassle to clean and paint the place every time a tenant changes. Tenants are a hassle. No, you can’t paint the walls purple. Please tell your 4 year old to stop flushing his socks down the toilet. No, you can’t break the lease after 6 months because you want to move in with your boyfriend.
In Austin, this was more appropriate ten to twenty years ago, then everyone got on the house flipping train, then affordable housing went away for anyone not in the top 10 percentile, and here we are today.
Housing is a luxury purchase at present, and I’d not dis anyone who can afford to run this business model now. It’s just not a common factor for people in general at present.
Noope, to have a loan you need to earn a lot, if you buy an extra house, it means a lot of sacrifice and saving. No one can charge more than mortgage, usually is less if the house is new. If owning a 2nd house is sooo easy, why dont you buy one instead of renting?. Simple because is too hard.
The take of a child
What if you build the house with your own hands on property you bought? Should you be able to rent it? Should you own it?
Now if you paid for the building of the house through debt financing, should you then be able to own and rent it?
If you lose money from renting your home for ten years should you be able to profit from it thereafter?
What are the rules?
If they have multiple houses yet refuse to become a landlord and rent it out, then they are hording.
If you are a landlord then you are not hoarding it.
I consider myself pretty left of center, but the anti-landlord thing I’ve never agreed with, even before I became one myself. There are terrible slumlords, and there are terrible tenants. Doesn’t mean either group is mostly terrible.
I feel like this has been posted alot recently
That’s what people like Robert Kiyosaki have been telling others to do for decades. Becoming a rentier became popular.
OP is the clown
Me too. Renting was a lot less stress. No sunrise repair costs. No property taxes
No interest on mortgage
Much better way to live. More free time for fun.
The constant complainers about not being able to get a house is really a complaint about no one taking what they earned and giving it away
America’s housing problem in a nutshell. Take a loan to buy a house. Rent it out. Build equity. Take another loan using the house as collateral, buy another house. Rent it out again. Rinse and repeat
We tried letting Jimmy down back of the car wash where he stays at be a landlord. He only had the one cardboard box and as soon as he got rent he bought meth again. Eventually the box burned down, which ended the experiment.
So the claim is they don’t allow people to rent it?
As someone who just paid $10K for a new septic system, and is likely going to spend more than that on a new roof in a few years…..renting looks awful convenient about now.
28 comments
More accurately, they SCALP it.
How to make prices go down, spread on social media this and see how prices goes down
[https://www.reddit.com/r/economy/comments/1nfdh24/exodus_affordability_crisis_sends_americans/](https://www.reddit.com/r/economy/comments/1nfdh24/exodus_affordability_crisis_sends_americans/)
Oversimplification
Small scope landlords are not your problem.
The bigger problem is the big corporations that are hoarding multiple apartment buildings.
If they don’t provide housing then why do people pay them to let them live somewhere? Why don’t they go to a better place to live?
Last time I checked canadian landlords rent out 550,000 private homes/condos. That means the government doesn’t build rental properties.
So wait the guy’s a clown for taking a risky investment and turning it into profit in a free market where no one is forced to rent from him? And somehow he’s the sucker while he makes enough money to not only survive, but thrive while the people renting from him are the ones upset?
Sounds like it’s just a smart business move and you are the sucker.
This literally only works if idiots overpay rent to people who apparently are going to be in really bad shit if you just don’t rent from them.
Or maybe it’s a lot more complex than this and the idea that landlords are somehow a special breed is a narrative created by victim-minded individuals instead of bothering to learn and understand why the markets work how they do and what actual real solutions to those problems would be.
I’m so grateful for landlords. I rent a house for half of what the mortgage would be, and I don’t have to fix maintenance issues. I may never go back to owning again.
Owning housing requires capital. You have the capital parked in an asset. Owning an asset is not a job. Managing a rental property or especially a portfolio of rental properties is absolutely a job.
Sometimes people need to rent. I have been a homeowner for 22 years and now I rent. I could theoretically buy a house but it would cost me more money on the area I need to be in than renting.
As a home owner you have to bear a lot of costs that you don’t have to when renting. Both cost you money. You have a fixed downside with renting in that surprise expenses are born by the landlord.
How does housing work if you don’t have landlords exactly?
We sold our house to switch to renting bc it’s now cheaper! Let these “investors” keep buying at today’s market rates and renting at the market rates. They are now subsidizing our rents!
Is that an attack on blackrock !
I was a landlord for over 20 years. I don’t know why I am demonized like this. I bought a condo and outgrew it and moved out and rented it out instead of selling it, because with owner financing I could cover the expenses with the rent. It is an investment. I’m not trying to screw anyone. The rent that I could charge was determined by the market and all of the other condos in my building.
Being a landlord is not a full time job but it is a job. It’s a hassle to clean and paint the place every time a tenant changes. Tenants are a hassle. No, you can’t paint the walls purple. Please tell your 4 year old to stop flushing his socks down the toilet. No, you can’t break the lease after 6 months because you want to move in with your boyfriend.
In Austin, this was more appropriate ten to twenty years ago, then everyone got on the house flipping train, then affordable housing went away for anyone not in the top 10 percentile, and here we are today.
Housing is a luxury purchase at present, and I’d not dis anyone who can afford to run this business model now. It’s just not a common factor for people in general at present.
Noope, to have a loan you need to earn a lot, if you buy an extra house, it means a lot of sacrifice and saving. No one can charge more than mortgage, usually is less if the house is new. If owning a 2nd house is sooo easy, why dont you buy one instead of renting?. Simple because is too hard.
The take of a child
What if you build the house with your own hands on property you bought? Should you be able to rent it? Should you own it?
Now if you paid for the building of the house through debt financing, should you then be able to own and rent it?
If you lose money from renting your home for ten years should you be able to profit from it thereafter?
What are the rules?
If they have multiple houses yet refuse to become a landlord and rent it out, then they are hording.
If you are a landlord then you are not hoarding it.
I consider myself pretty left of center, but the anti-landlord thing I’ve never agreed with, even before I became one myself. There are terrible slumlords, and there are terrible tenants. Doesn’t mean either group is mostly terrible.
I feel like this has been posted alot recently
That’s what people like Robert Kiyosaki have been telling others to do for decades. Becoming a rentier became popular.
OP is the clown
Me too. Renting was a lot less stress. No sunrise repair costs. No property taxes
No interest on mortgage
Much better way to live. More free time for fun.
The constant complainers about not being able to get a house is really a complaint about no one taking what they earned and giving it away
America’s housing problem in a nutshell. Take a loan to buy a house. Rent it out. Build equity. Take another loan using the house as collateral, buy another house. Rent it out again. Rinse and repeat
We tried letting Jimmy down back of the car wash where he stays at be a landlord. He only had the one cardboard box and as soon as he got rent he bought meth again. Eventually the box burned down, which ended the experiment.
So the claim is they don’t allow people to rent it?
As someone who just paid $10K for a new septic system, and is likely going to spend more than that on a new roof in a few years…..renting looks awful convenient about now.
OP a twat. Just gonna suggest that.
I agree. People shouldn’t have the right to rent.
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