this post was submitted on 02 Oct 2023
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Really? Nothing?
Yes, nothing. Except for repair and maintenance and servicing all those cost and insurance and worrying the tenant doesn't pay and all those headache people never forsee. Nothing.
You mean all the stuff they can easily outsource and still make a profit? You make it sound like landlords are doing us a favor.
Then do it and become a landlord if its that easy.
"if you can't fix the problem, just become part of it!" Great advice mate 😂
How dare they provide so much value to you that you feel the need to give them a good amount of your money.
What part is the "problem" exactly?
Exactly, as a person of land myself this crowd doesn't appreciate the amount of effort I put into making the houses I own livable for you profit streams. There are costs associated, which means I'm the one truly being exploited here, not the people paying me to live in my extra home.
Why don't I just become a billionaire too while I'm at it? Oh right, because I can't just opt into having the money to be part of the ownership class.
Exactly and where did the money come from? They earned it until they had enough to invest in a house.
Right, because rich people "earned" their money. Good one.
Yes, actually. Where do you think their money came from? (Alternatively their relatives may have earned it, that shouldnt make a difference for you though).
How convenient, next you'll be telling me to just take out a small loan of $1m from my parents.
Im saying it doesnt make a difference to you if they got it from their relatives or not, the point is: somebody earned it (or usually they earned it themselves.
Them inheriting it is what took that house off the market.
I'm aware large corporate landlords are more of an issue with housing supply, but the slumlord that owns 30 rentals and doesn't reside in the area is a problem too.
Exploitation of the working class, mostly.
Nope, i make it sounds like you're someone that's never think beyond their own perspective.
Edit: to add, it's survivor bias to think that all home owner on earth are earning huge money from the property and can afford to outsource the work and still make profit.
"Anyone who disagrees with me is living in a bubble!"
Childish actuations make you sound like a child.
Ohh you're not? Because your point doesn't seems like you're anywhere outside the bubble of your own. Maybe try a better argument perhaps? Or you can keep whining idk i don't really care.
Repairing property you already own isn’t a job.
Yes, it's not a job it's a business
Repairing property you already own isn’t a business either.
Renting a property you own is a business, and repairing property that you rent out is, unsurprisingly, a business expense.
What?
They seem to provide some kind of vakue to you, otherwise you could just buy a house.
Can you just step back from the keyboard and realize how stupid what you've just said is?
The fact that you cant buy a house shows that your landlord is providing value to you, because they make living there affordable where it would otherwise be unaffordable.
My statement still stands: IF they werent providing any value to you (eg. making living there more affordable) then you could just buy a house. (But they do provide value which is why you can afford to rent but not afford to buy a house).
Paying a higher amount in rent than a mortgage would be is not making living affordable. They're exploiting the fact that many people can't access credit or afford to make a required down payment/stamp duty/legal fees, etc. up front.
Alright but wouldnt you then say banks, for example, are also exploiting you (because you have to pay an interest when takking out a loan)? Isnt that also exploiting the fact that many people dont have the money upfront"?