I recently learned that my dad used to be a landlord. Problem was, he has a sense of morals, ethics, and empathy. Tennants would be unable to pay rent for one reason or another, but he wouldn't evict them because he understood that sometimes shits hard. Eventually, he had to sell all his properties to a less scrupulous landlord.
I feel conflicted with the knowledge that I could have had a better childhood if my dad was a worse person.
He could have been the type of parent to charge their children rent once they turn 16.
Why 16? why not 14 or 18 if you are that kind of a dick. Like I understand that some people ask their childeren to pay rent once they get a fulltime job. Heck I have heard of parents who didn't need to money from their kids so they put it in a savings account in the kdis name and gave it to them when they needed to buy a house). I also know somebody who was 10k short of buying an appartement, he had to pay rent to help his parents stay afloat.
We do that, all the money goes into an account for him though and he's aware of it. When he moves out it's his again.
my father is an engineer, government contractor, and Zionist. I wonder sometimes if the Palestinians are paying for my nursing degree right now.
Every time I see these posts: The happiest countries in the world are consistently: The Nordic countries are often considered happy due to high levels of social trust, strong welfare systems, and low income inequality, which contribute to a sense of security and well-being among their citizens. Additionally, their effective governance and access to quality public services play a significant role in enhancing overall life satisfaction. These governments are working for the people, not oligarchs.
Also, they have excellent music.
Apart from Denmark. I know only one band from there.
Killer pastry though.
Hella expensive property though. For my Baltic ass anyway
International investment firms and boomers have been hoarding apartments. Some smaller cities and their ourskirts can be surprisingly cheap.
One landlord: “How will I pay my bills?”
Their multitude of tenants and their families: “How will WE pay our bills?!”
Landlord: "(dead serious) That's not my problem!"
Remember to tip your landlord (down a staircase)
My mother was deserted by our father in the 60s. She had 4 children. She found a rental house. Our landlords became like family. She struggled, but always paid the rent, and our house was always well looked after. As an adult, I suspect the couple that owned the property never raised the rent. I don’t know that for sure as I didn’t have the opportunity to ask my Mom before she died. I will say that all 4 children were educated and are leading productive lives. Thank you to the kindness and humanity of that couple that were our landlords ❤️. You made such a difference in my Mother’s, and her 4 children’s lives.
Is landlord a "job" where you live?
I think every single person I know who owns a house/flat and rents to someone has of course a regular job where he works at. Wouldn't be financially viable in any form otherwise (and it shouldn't be).
There are some people who own a bunch of properties and their job is maintaining them and dealing with the paperwork. And then there are some people who passively collect income and have a management company do that with no real connection to the place...
They are basically investors in the housing market when their money makes its own money without their direct involvement.
"How will I pay my bills"
(Democratic) Socialism, UBI, and fair wages.
I mean, you can go one further and establish public utilities that ration resources per capita instead of charging a vig on top of the production cost.
Why do I need UBI and wages if I can just claim a vacant apartment and be guaranteed power/telecom, of which their are millions nationally?
We could divert the tens of billions (converted to energy/man hours) we're throwing away on AI subsidies and everyone can live a comfortable middle class life free of charge.
But think of the market!
My landlord is the only homeowner that I can safely look down upon and tell to "get a job".
A while ago my wife and I were debating on renting our home out and buying a different one. Just to break even on the house expenses it wasn't worth it.
Maybe I am wrong, but I don't understand how landlords make a lot of money unless they don't fix the house ever.
I think the idea is that even if you only break even after mortgage and expenses, you gain equity in the house and eventually own the house which you then have at your disposal. You can continue to rent it out without the expense of the mortgage, or sell it and cash in.
The landlord I know that makes a shit ton of money inherited the homes from their parents.
Yeah this is it, the ones who aren’t paying a mortgage on the house they’re renting out. That or corporate landlords.
I was able to refinance my home at 2.8% during COVID. Now I'm paying less than $2k for a 2200 sqft home. I've got neighbors who are paying $4-6k for equivalent housing.
My mom, who bought her home in the 90s, has the mortgage fully paid off and only owes real estate taxes (around $12k annually) on a 5000 sqft property.
A lot of landlords simply inherited their homes or had enough credit to buy cheap units during the dips.
They also do a shit job of maintenance. But it can't be overstated how much of this property is either owned on extremely low interest credit or fully paid off.
Mine doesn't fix the house ever. And if she does, it's always with the cheapest bidder.
you make money if you don't have a mortgage.
There's a couple of ways to make bank. First is to start out rich enough to skip the loan and buy for cash. This is what companies like Blackrock do.
Another is to look out for things like tax auctions to get a big discount. Also you could be friends with a lender and get sweetheart rates on the mortgages.
Also, needless to say, it helps to never do any maintenance and to choose tenants that are unlikely to be able to fight back against you.
LMFAO this is so real lol, landlords have their own circlejerk claiming that market prices increased lmfao
(also if someone could help me out, when I upvote a post on Lemmy, it doesn't show my upvote or downvote or anything even after trying and reloading several times. I'm writing that on this post because it's happening on this one as well)
No idea, we see your post so I'd assume the API is working for you in general. Check your VPN, do a test downvote on an old post in an obscure place and wait 24h to see if it's just a delay, or else submit a ticket. Feel free to downvote this and comment back and I can tell you if I see it 🙂
Yes it seems to be working fine now, thank you for the comment!
I don't get why u just blame landlords.
You know what other countries are doing? Building multilevel longterm concrete compact apartment complexes.What does US do? Nothing.
We dont need compact apartment complexes, we have plenty of houses being hoarded by companies and landlords so they arent on the market and the few that are can have artificially high prices. There are "Cash for your house now!" signs everywhere where I live plus they keep mailing us too, and those are usually either landlords or house-flippers.
It's a multi faceted problem. There needs to be gov program to start building apt complexes . This will reduce demand on houses and drive prices down simultaneously
I'm telling you, those places are full of depression, conflict, traffic, ample(read: no) parking and those with all kinds of life struggles. People (the ones I know) need some space to maintain a healthy style of living. I can hear the lady yawning through the walls at my place. I yearn for a home with no shared walls sooooooo badly lol.
We had 7 units in a strata. All we wanted was to cover the mortgage, taxes and insurance. We kept the rents purposefully low, hoping to attract long term tenants. Quite frankly - tenants move when tenants move regardless of leases (you can't get blood from a stone in small claims.) They aren't rich like we aren't and what little rent we got didn't pay for the cleaning, painting and repairs that we had to do when they moved out. If it wasn't acceptable to me - it wasn't acceptable for my tennant. We scraped along for 7 years and finally had enough. We sold for what we bought them for. Landlord tenant laws are different everywhere - lots of people seem to think you are rolling in money if you are a landlord. Bottomline - We were too soft and feel we got taken advantage of - never will we do this again. If you can't afford your rent, don't be fooled you can't afford home ownership either -
They aren't rich like we aren't.
We had 7 units in a strata.
Fucking what.
If you can't afford your rent, don't be fooled you can't afford home ownership either
Said the person with 7 rental properties, talk about out of touch.
Sell your properties, retire to the Caymans
