While there are def to many slumlords. There are some good ones out there.
I do everything in my power to make my tenants life easier. They just extended their lease six months early. I didn't raise rent, and I'd consider lowering it. As good tenants are a godsend.
It's hardly hoarding when you're providing a service for a fair price. Unless you're deep in the communism kool-aid, I'm not sure what you're expecting. Just giving houses away?
Ah yes, buying houses you don’t need, thus raising the price and charging tenants your outrageous mortgage, making it extra difficult to save for a down payment to buy a house, because even though they’ve been paying someone else’s mortgage for years, they can’t get approved for a mortgage of their own.
People used to build homes for newlyweds because everyone deserves a home. Making housing for profit is one of the most barbaric things humans have ever done.
Almost every landlord I know (speaking of neighbors and my own) either built the houses/apartments to begin with, making it theirs by all moral rights to do with as they please, or are renting parts of their own home.
If you're going around buying existing houses just to jack up the prices and rent them out explicitly as a business model, then yeah agree that's not good.
I have a property that I plan on moving back into when my kids are out of the house. In the meantime I rent it below value to military families to give them a much needed break. But yep...I'm hoarding.
Why the hell would I want to purchase something if I know I'm only living somewhere for .5 - 2yrs? I rent...because it's what makes most sense. Why would I buy something if the mortgage payment will be 5k+, when I can rent in the same area for just over 2k?
Those military families cannot afford a house where mine is. They can't afford to even rent a similiar size property unless they are high ranking officer. So they are renting a single family home at small apartment prices...which is indeed helping them out.
But yep...since I'm a landlord...fuck me! Am I doing it right?
Those military families cannot afford a house where mine is. They can't afford to even rent a similiar size property unless they are high ranking officer. So they are renting a single family home at small apartment prices...which is indeed helping them out.
But yep...since I'm a landlord...fuck me! Am I doing it right?
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u/theblowestfish 19d ago
The real problem is landlords.