This is something I think gets left out, but understandably so when there are so many issues with landlords.
But, as a property owner, you’ve got all the liability and are responsible for repairs and ensuring that the property is livable and usable. I think there’s a level of compensation you can be earning from your time, but I think that having extremely high rent PLUS the ROI of your property increasing in value over time is double dipping. When you consider that your money is invested in property and you’re getting value that way, it IS leeching IMO if someone else is doing all the upkeep and paying a premium for that.
Looking at the OP that way shows that those people are just exploiting others. But I do think there is such a thing as ethical landlording. But I think generally we’re not there.
Hundred years ago it was normal to beat women of they were out of line. Millenia ago it was normal to own slaves. It’s also “normal” for the US Healthcare to screw over people who need Healthcare. Just because something is “normal” doesn’t mean it’s somehow right. Slavery was normal but then different societies over time understood that slavery is not right and it stopped being normal. Beating women used to be normal but over time we learned that’s also not right and it stopped being normal. I don’t know about you but I don’t think ripping people off is right. However ripping people off has been normalized for capital owners (including land lords).
Nobody should be wishing for his demise (compared to Blackrock and its kin, who I do think should cease to exist), but at the same time he shouldn’t be padded on the back for not ripping off his friend as much as he could’ve. What he did shouldn’t be normal.
He didn’t rip off his friend at all. He took just enough to pay the mortgage and save something up in case of repairs. That isn’t ripping him off. That’s doing him a favor since he charged him so little.
Dude, they explained perfectly well how they ended up with two houses. 2 people had houses, they got married and only needed one. They weren’t preying on people, it just happened to them.
Yeah but what if they ebded up separating with their partner? It just made sense to keep the property. Renting it out just covered the cost and made sure it was not empty.
Having multiple properties isn’t housing safety. You already have that owning a single property. You really should spend some more time thinking and reading instead of typing. Embarrassing. Go fuck yourself.
That doesn’t change the fact they aren’t normal people. Most people would love the hope of ever owning one house in America, as a dual income household, much less two single people who are rich enough to have their own homes.
Oh hey, how disingenuous. I imagine they knew they were getting married for a long enough time to sell the house. No one said give it away for free. Fuck off.
You can start by stopping the privatization of shelter. We can better fund and staff HUD for assistance to those who need shelter. This country is plenty wealthy enough to end homelessness, but it actively chooses not to. Same with food assistance. It’s a choice.
They rented it out to their friends for like half of what a similar place would cost. Then they sold it after their friend moved out. Not seeing how that’s so morally reprehensible. You honestly just seem like someone who is jealous of someone else and so are shitting on them to feel better. And even if they did sell, if everyone is someone they can’t afford a house, seems more likely a landlord would buy it anyway.
Ah the old jealousy angle, the last resort of a dying argument. Tried and true amongst those who have no more logic, compassion, or rationality to offer.
Not everyone is in a situation where they can or even want to own a house. Renting is much safer in terms of sudden emergencies. Water heater blows out in a house? Fuck you, 3k to replace at least. In an apartment? That’s a landlord problem.
See, when the Landlord charges reasonable rates, and actually provides services in exchange for that rent (helping update appliances to newer, having paperwork on hand for any code/inspections needed for property changes (that the landlord would ultimately benefit from,) and in general treating it as a matter of ‘I have obligations’ instead of ‘I will do nothing but I will absolutely blame the tennants for the inevetable crumbling of the property.’
I dislike the concept at base level, but that is a someone who is trying to not be a scumbag.
You still take someone elses money, just less of it.
There’s a line to draw between exploiting tenants, and compensation for providing dwelling.
You might even argue the OP creates this ambiguity based on interpretation of the wording, or poor communication.
For a productive conversation, let’s be crystal clear where that line is drawn.
This is something I think gets left out, but understandably so when there are so many issues with landlords.
But, as a property owner, you’ve got all the liability and are responsible for repairs and ensuring that the property is livable and usable. I think there’s a level of compensation you can be earning from your time, but I think that having extremely high rent PLUS the ROI of your property increasing in value over time is double dipping. When you consider that your money is invested in property and you’re getting value that way, it IS leeching IMO if someone else is doing all the upkeep and paying a premium for that.
Looking at the OP that way shows that those people are just exploiting others. But I do think there is such a thing as ethical landlording. But I think generally we’re not there.
Can we not shit all over normal people for doing normal stuff? This dude doesn’t run Blackrock, he had a single rental property.
Hundred years ago it was normal to beat women of they were out of line. Millenia ago it was normal to own slaves. It’s also “normal” for the US Healthcare to screw over people who need Healthcare. Just because something is “normal” doesn’t mean it’s somehow right. Slavery was normal but then different societies over time understood that slavery is not right and it stopped being normal. Beating women used to be normal but over time we learned that’s also not right and it stopped being normal. I don’t know about you but I don’t think ripping people off is right. However ripping people off has been normalized for capital owners (including land lords).
Nobody should be wishing for his demise (compared to Blackrock and its kin, who I do think should cease to exist), but at the same time he shouldn’t be padded on the back for not ripping off his friend as much as he could’ve. What he did shouldn’t be normal.
He didn’t rip off his friend at all. He took just enough to pay the mortgage and save something up in case of repairs. That isn’t ripping him off. That’s doing him a favor since he charged him so little.
He could’ve given the rest money back to his friend after all the repairs were done. He chose to keep that money.
So given the equity to his friends?
Owning multiple homes isn’t normal people doing normal stuff. Be better than this. Stop defending parasites.
Dude, they explained perfectly well how they ended up with two houses. 2 people had houses, they got married and only needed one. They weren’t preying on people, it just happened to them.
Dude, it wasn’t just happenstance and then they were forced to rent it. They could’ve sold it. Please think before responding.
Yeah but what if they ebded up separating with their partner? It just made sense to keep the property. Renting it out just covered the cost and made sure it was not empty.
Hypotheticals are irrelevant. Shelter shouldn’t be based upon if a couple decides to split up. I mean, really? You really typed that out. Lol
Yeah I really did type that out you bastard. It’s their fucking property. They could have left it empty. Having a property is just housing safety.
Having multiple properties isn’t housing safety. You already have that owning a single property. You really should spend some more time thinking and reading instead of typing. Embarrassing. Go fuck yourself.
That doesn’t change the fact they aren’t normal people. Most people would love the hope of ever owning one house in America, as a dual income household, much less two single people who are rich enough to have their own homes.
So what, they should just give their house away for free?
Oh hey, how disingenuous. I imagine they knew they were getting married for a long enough time to sell the house. No one said give it away for free. Fuck off.
So what is the proper method in your mind?
You can start by stopping the privatization of shelter. We can better fund and staff HUD for assistance to those who need shelter. This country is plenty wealthy enough to end homelessness, but it actively chooses not to. Same with food assistance. It’s a choice.
They rented it out to their friends for like half of what a similar place would cost. Then they sold it after their friend moved out. Not seeing how that’s so morally reprehensible. You honestly just seem like someone who is jealous of someone else and so are shitting on them to feel better. And even if they did sell, if everyone is someone they can’t afford a house, seems more likely a landlord would buy it anyway.
Ah the old jealousy angle, the last resort of a dying argument. Tried and true amongst those who have no more logic, compassion, or rationality to offer.
Just in case you still aren’t getting it - your position is this.
“I am okay with homelessness so long as someone, somewhere, gets to make some money off of it”
This does not make you a good person.
Not everyone is in a situation where they can or even want to own a house. Renting is much safer in terms of sudden emergencies. Water heater blows out in a house? Fuck you, 3k to replace at least. In an apartment? That’s a landlord problem.
See, when the Landlord charges reasonable rates, and actually provides services in exchange for that rent (helping update appliances to newer, having paperwork on hand for any code/inspections needed for property changes (that the landlord would ultimately benefit from,) and in general treating it as a matter of ‘I have obligations’ instead of ‘I will do nothing but I will absolutely blame the tennants for the inevetable crumbling of the property.’
I dislike the concept at base level, but that is a someone who is trying to not be a scumbag.
The renting part isn’t even that bad, the owning part and selling for profit is the problem.