I don’t know what you millenial z’s or something keep complaining about - just buy a detached single family house with a backyard in the city for 125k and pay up your 1% interest rate mortgage within 10 years while your wife keeps it clean and drinks herself to death while resenting you daily, like any civilized 30 year old with a job for life and guaranteed payout pension does!
Is the /s really necessary?
Landlords out here in lemmy dot marxist lenninists comments deadass pretending their right to steal wealth is more important than ones fundamental human right to housing.
Let this be your reminder that “Landlords” do nothing of value. Anytime they claim they are, they are doing the work of an occupation that possibly does, like an electrician or developer or architect or carpenter or handyman or painter or realtor. Ticket scalpers don’t create tickets. Don’t let these antisocial freaks rewrite the dictionary, or excuse their own refusal to read anything about their own behavior.
If they try to cosplay as a pitiable person who only owns a house and doesn’t want to be broke, tell them that their victims don’t want that either, and only the landlord hates working for a living more than they hate parasitizing the wealth others. Their “ethical and reasonable” rent seeking is enabled by the threat of violence from the other “unreasonable” rent seekers, therefore acting as a single unified class.
They could have sold their houses to profit, but that’s not enough for them. They must do their part to squeeze every drop of blood from that soil so that they don’t accidentally decomodify housing even slightly by providing their smidge of housing to the captive market.
Read On The Rent of the Land. Fuckers.
Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don’t see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.
There are very few jobs that actually give annual raises that keep up with inflation. You are no better than corporations that raise the price of food for no reason, other than following an arbitrary market metric(inflation) You should give your tenants 3 months free rent for Christmas, and give them the option to buy the properties from you for what you bought them for, and get a real job.
What part of 25% below market makes you compare him to the food oligopoly? He likes trouble-free tenants, and I’m pretty sure his tenants like this arrangement too. By contast, you come off as very tiresome. Do you have any skin in the game? What are you doing to help make housing affordable? Do you do anything besides exemplify why having revolutionaries in charge would be terrifying?
What part about 25% below market makes them a hero, while they are actively hoarding properties keeping prospective buyers out of the market, raising prices to keep up with “inflation” on a commodity necessary for survival IS the exact same thing the food oligopolies are doing. And wtf are you on about having skin in the game? I pay $1700 a month in a rent controlled apartment and have no hope of buying a actual property in the market i live in without having to move hours away from work. I would love to hear what you think i should be doing to help make affordable housing, cause if its within my means, ill do it.
I pay $1700 a month
I charge that same amount for my rental that is two blocks from the beach. 1600sft with a garage. The unit next to me just sold for 1.4 million. I highly doubt I’m contributing to the problem.
I also offer my tenants the option to buy the properties they live in but the property will be owner financed with the condition that it is appraised at time of “sale” and second sale gain is split with equity position. Again I’m only looking to make 7% return on my investment inflation adjusted. If they want out and they bought, I get the upside on market rate (with whatever equity position I hold). But the tenant at least keep whatever equity they grew and they get upside on their equity position.
None of my tenants have taken the deal. I think it’s more than fair.
