There are a ton of landlords in here that are MALDING.
Lot of landphobia in this thread. As a POL (Person of Land) it’s concerning to see this sort of bigotry in 2023.
Stay strong fellow Landchads, together we’ll get through this.
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I feel this so much. I own a property. I rented it out. I ran into that exact same lineup of expenses vs income you note here and… I ended up taking my house OFF the rental market. It’s just not worth it.
I keep getting into these discussions with people who yell “It’s immoral to buy a house and rent it out. Landlords must provide housing for renters at a loss so I can have cheap housing” and then… “It’s an investment and you as the owner must fund my low cost housing because you might earn equity in the property when you sell it in the future.”
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Or all these people are fucking idiots who are just obsessed with labels and culture wars.
New here?
Well that’s rather snowflakey… if you aren’t part of the problem why are you identifying with them?
The idea that ALL landlords are exploiting ALL tenants ALL of the time is just so fucking stupid it’s hard to listen to. Goods and services cost money, idk why that is such a hard concept to grasp. I lean left and will probably never vote R for the rest of my life, but it’s hard to listen to people like that who have no understanding of basic economics.
the alternative is that I don’t rent out part of my house and then there will be less housing
This is only part of it. The “housing shortage” exists not because there aren’t enough homes, but that there are not enough homes on the market. Truthfully, renting out a spare bedroom is not the focus of people’s ire (though through a certain lens it is still a problem, but I won’t go into it here). The problem is that rent seekers are pricing people out of the housing market, which is creating higher demand for rentals, which drives up the market price, ect. It’s a systemic problem, and not necessarily one of individual culpability. Another part of the problem is the commodification of homes: any action taken to address home affordability will necessarily drive down home values (they are the same thing, after all), and many people depend on the value of their home not dropping. It’s a bubble with millions of people at risk of loosing their homes if it pops.
There’s this convenient assumption for landlords that the rental market is full of people who simply want to be renters, or full of people who simply can’t afford to purchase their own home (usually by some moral failing), when the reality is that rent seekers are creating the problem that they claim to be solving. Houses wouldn’t be so expensive if there weren’t so many people buying houses for the purpose of renting out.
All these cucks can blow me.
Of course, there are other reasons why people might be angry with landlords.
Landlords must exist because people need to rent housing, and it sure sounds like you’re doing it right. Some landlords (and some tenants) are awful human beings who should not be landlords while others are good people.
A bigger problem is happening in areas with housing shortages. Housing prices have been skyrocketing for 10+ years and home owners have been leveraging themselves with their home equity to buy other homes. On a large scale, that eats up a lot of housing supply, increases prices, and makes it more difficult for people without existing real estate equity to buy a house.
In the city where I live, owning a house is essentially not possible for middle-class people unless their parents give them a down payment. Even my girlfriend and I, who combine for more than triple the average household income in the city, are taking years and years to save for a $300k+ down payment that’s needed to bring the mortgage payment down to $6k/mo.
Landlords didn’t create the housing shortage, but I can see why someone who’s struggling to buy a house while watching landlords buy multiple houses can develop a hatred for them.
Thipical landlord in my country let you live in the shit with black wall full of humidity and no heater with an high price. And then they will also have the habits to Evict you if they don’t want to pay taxes. And prefer to leave you in the street. So I think that good landlord exists but most of them are just people that want money without give to you the bare minimum to live.
Landlord struggle lmao. Must be nice living off of other peoples paycheques, ngl
Because maintenance costs and mortgages don’t exist.
Wear and tear along with damages are almost always put to the feet of the current renter or they’re reno-victed.
Majority of landlords, both corporate and private, abuse the system to profiteer adding vastly more to the rent price than is actually necessary to cover their costs, and pretending otherwise is disingenuous at best or intentionally malicious at worst.
I didn’t feel it necessary to have to go and explain this in my reply because, as people posting here, we all very likely have the privilege of living (or having lived) in a house or apartment and by virtue of experiencing reality, innately understand that wear and tear occurs as well as damages over time, so pretending like “maintenance costs and mortgages exist bro” is a serious counter argument is unbelievably derivative and completely incompetent.
My old landlord refused to fix our water heater, the leaking roof causing mould and water damage, the outlets that were falling off, the broken light switches that didn’t work, the ceiling light that was flickering and and literally hanging by the wires. All for $2000/month + utilities. Then he kicked us out because he wanted to sell the place, but now he can’t sell it because no bank will touch it with the amount of water damage it has lmao.
Oh ya, can’t forget the 5 times he’s banged on our door threatening us with his lawyer because he stole $100 from us, we asked for it back, but he refused to answer our calls, so we had to wait 12 fucking months before our lease was up and we started paying month to month for us to subtract the $100 he owed us for 12 months from the payment.
Historically people with the title “lord” have had it so hard.
The Gaylords would like a word
Love for Landlords
I miss this subreddit. I was almost sure it was satire, but the thrill was not really knowing.
I’m a landlord. I’m priced WELL below the market because my tenant is state patrol and is a great guy and a good family. I haven’t raised his rent ever. I will raise it when my HOA goes up next year, but that’s only to help cover my fees. If keep the rent so I can pick the right renters that is compatible with me. I rather have a good renter than a few bucks more a month.
I think the real test is if you give their deposit back. I’ve never gotten my deposit back without a fight, even after cleaning the apartment top-to-bottom. That’s why I always take photos before leaving.
Shit my place was in better condition when I left than the way it was when moved in and they still wouldn’t give the deposit back.
Free market doesn’t work quite so well when it’s a required item like housing or medical.
Just bc you are a great landlord doesn’t mean anyone should be able to hold such power over anyone. Not to mention ownership of land is a human concept we can live without.
‘Abolish ownership’ is a pretty simple talking point, how would you make it work in a legal sense?
Who determines what is your responsibility vs the neighbor vs the city? How do you establish legal boundaries for purposes of theft, vandalism, or trespassing?
Laws might seem cold (because they are) or inhumane (because they are) but they are also the thing that keeps society organized. And that makes them one of the most important human inventions. Rights are the result of laws.
If you’re concerned about land prices, or people being ‘priced out’ of things, there are important alternate solutions to that kind of problem. Things like social services, improving education, breaking up super corporations, promoting healthy neighborhood design and small business, etc.
I think one main argument of people that take the ‘abolish ownership’ seriously don’t mean the concept of owning things you need and use, but the concept of claiming ownership of property that you DON’T use and use that as a way of enacting power over others. So I would say it wouldn’t be throwing people out of their homes but that owning property you are not using your self would not be legal. You could grab land or an empty house and it would be yours as long as you need it. Of cause this will not get rid of all the problems and conflict that already exists in some form now, but it doesn’t have to be total chaos and lawlessness.
Not to mention ownership of land is a human concept we can live without.
How would you do it differently?
I don’t have power over my tenants. They have as much power as I do. They can leave and I can also ask him to leave.
They have zero obligation to stay at my place.
I have a space to rent and they need a place to live. It’s a business transaction that both parties benefit from.
So how do you handle it when there are more people than space available? How do you cover the cost of maintenance? What would prevent someone from taking your house without ownership rights?
This is the way!
My previous landlord was like this. Lived there 4 years, rent never went up. We left the place like we found it (which was pristine).
It’s missing the wad of 100 dollar bills to wipe away the tears of this hardship
This landlord loving bullshit always starts as a joke until it isn’t.
Buy your own fucking house if you don’t think the owner deserves his rent money.
That’s an option that is actively being removed by massive firms. Empty houses are common, but available houses are few and affordable available houses are very rare.
It’s expensive to be poor
You’re a troll right? Because I refuse to belive anyone could genuinely be this clueless.
You make use of someone’s services, you pay for it. If you hate landlords, don’t indebt yourself to landlords. I started off with nothing, now I’m a homeowner.
If I’m so fucking clueless, how come I have a mortgage and you don’t?
Even the father of capitalism thought landlords were parasites that only leeched off the economy
Yeh I support LGBT…
Landlords
GOP
Billionaires
The police
😎
I feel so bad for mine I’ve raised the amount I tip them every month from ~12% to 20%. You should, too - they struggle so hard.
(Lol)
Because I love my landlord so much I only communicate with him through my lawyer to make extra sure every letter is worded really nicely and politely, much more polite than anything I would every write him. Also got him two very nicely worded court orders by know he would’ve missed out on if it wasn’t for me.
You should tip at least 200%. Less is just selfish.
Tenants do have rights. If the AC is owned by the landlord and part of the lease is on the landlord to fix it. And rent control is to keep rent from reaching New York closet for $6K levels.
