- cross-posted to:
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- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
cross-posted from: https://lemmy.dbzer0.com/post/18963881
Get rid of landlords…
cross-posted from: https://lemmy.dbzer0.com/post/18963881
Get rid of landlords…
If you can’t handle it, sell your property. No one asked you to be a landlord. You’re not holding up the world, you’re just a parasite.
Ah yes, my mom who ended up with 2 houses after remarrying (her new husband was terrible with managing finances so they decided to give the house and associated debts to her), barely scraped by financially, is a social parasite for wanting to rent out that other house because her new husband, after decades of physical labor, had become incapable of working full time and needed a way to have income later in life. Always had at least one tenant that was from hell in their own way btw and ended up selling the house to not succumb to the costs. Renting it out only caused losses.
Why is it some other family’s responsibility to support your mom. Why do someone’s children have to go without because of your adult mom. Why don’t you take care of her?
Ok, here’s an idea, get a company to rent it out for you, some even pay you while the place is vacant (for a bigger cut ofc). Or sell the damn thing and put the money into a savings account. Even the worst savings accounts will do wonders with the amount a property goes for.
Like I don’t want to insult your mom that has gone though hell, but that right there just seems fucking stupid.
Oh she definitely should have sold it from the start. Which directly goes against the claim that renting it out is totally risk free and free money.
Even after the sale it barely covered the associated debt and renovation costs after the tenants though. The housing market isn’t equally fucked everywhere. Even if selling it immediately the surplus money would not have been able to support my stepdad (who is now living on disability and social security with some financial support from my mom) for more than a few years. If renting it out had worked, it actually would’ve.
Why not get a company? Dunno precisely, probably because when money is that tight you don’t want to lose some to a company that does something that seems very doable by yourself.
It seems doable, until all the shit you described happens. After which the 15~20% cut (the kinda rates these companies want over here) doesn’t seem so bad anymore. Especially compared to the loss. A friend of my aunt had a tenant with some mental disorder that wasn’t able to find a job again after covid, yes that means 4 years of not paying, the landlady didn’t have the balls to kick the tenant out, and now the court proceedings might take another year. So yea, there is a risk, but only if you ignorantly chose to do it your self without knowing what you’re going into.
Ahh what I would give to be young and naive again
Bitch please, it’s basic math. The tenant gives money to the landlord who gets the privilege of investing it. It’s one among the many one way cash flow systems of capitalism that cause this graph.
This has to be AI it’s so stupid
Ya serious? Like I don’t wanna just start throwing insults, but AI?!? Because it’s stupid??? Like regardless of if what I wrote is complete brain rot or not, you linking it to AI because of it, is just completely baseless.
Just dude, read a book or watch the news from the last 20 years. Every year there are more millionaires while the wealth of the middle and lower class are either not changing or even god forbid decreasing. If you want something more sophisticated read a critique. It’s just not a system that can sustain it self indefinitely.
Here is a good starter for you: https://www.hup.harvard.edu/books/9780674430006
And because I know there’s no way in hell you’re buying a book based on an internet strangers opinion you suspect of being an AI. Here’s a pay wall free link too. http://digamo.free.fr/piketty14.pdf
So you’re old and ignorant of Adam Smith and Marx.
I’m old enough to know how life works. I’m sure Smith and Marx will come in handy when your toilet clogs. Call a plumber LOL!
You don’t know how life or capitalism works if you’re never bothered reading the two seminal works on it.