My landlord's lived off my rent and didn't bother paying their mortgage on my building for a year. This was during the housing meltdown/recession so the bank was very slow to foreclose. The landlords let me know about a week before the bank notified me they were taking the building. The bank notification showed me how long I'd been subsidizing those people.
Thanks to some pretty decent tenent protection in Seattle I had 90 days of rent free living in my place. I know there are places in the USA where I probably would have ended up moving into a storage unit on the last day of the month.
My old landlord told us never to talk to the taxman if they came asking for him when we first moved in. Never explained why, but we could guess why.
A couple of years later both my wife and I got legal notices from the CRA, completely out of the blue, instructing us to pay our rent to *them* rather than *him* until further notice. He owed them something like $150,000 in back-taxes, and they figured out we were renting and that income wasn't being declared by him. Further, if we gave him even a single cent we'd be breaking the law. He was **furious**, but eventually they came to a settlement.
I'm my landlord's hobby to get her out of the house while her husband farms because she's bored. I feel like a fucking hamster in a cage, but there's not a market here. I'm trapped.
Same. Fucking nothing out here except for shit paying retail jobs. Ironically, I might be looking into being a farmhand if any of the guys around here pay enough. My raise at AutoKone was like 10 cents... meanwhile my car is literally on the verge of breaking down, I am constantly broke between paying bills and rent, and barely having anything for food... meanwhile my landlord is the mayor of my town and owns dozens and dozens of homes that he rents out, but is a huge cheapskate and drags his feet to fix issues in any of them.
I mean, you can sell off possesions, chuck things in a car, and drive to a new city.
Heck here in Brazil people move from the slums to other places with just enough money to pay for a bus ticket.
Not saying it is "easy", but it is possible
>Moving lots of cheap stuff across many states is usually more expensive than buying new cheap stuff.
Agree, and I'll just add one thing to it: Sell your existing stuff first. Get something for it. It won't be much, otherwise you're either abandoning it or donating it, which takes up time and energy. But if you list it and sell it, or do a garage sale, you can at least get some extra $$ before the move. It's already cheaper to just buy new cheap stuff than moving the old stuff, and if you can get a little bit for the old stuff, it'll help offset some of the cost.
If you don’t pay the entire balance by the time the 18 month (or however long it is) period is over, all of the interest accumulates at once. They can be a good tool but they are also dangerous and can trap you into more debt than you can handle if you aren’t disciplined or have a sudden hardship.
And in other ways they're completely freeing.
Which also sucks ass because the cops don't give a fuck.
There was a squatter at the end of our road.
He cleared tons of trees and brush, but left the endangered (and sacred, here, according to the natives) trees.
Property owner got wind of it and had the entire lot literally bulldozed including the trees simply out of spite.
He has no plans of building or moving here. Just another fucking twat that hates poor people apparently.
The squatter wasn't the best guy. But he kept his shit clean and tidy. Protected the endangered trees. Did next-to-free car repair for plenty of neighbors.
Now who knows where he'll end up.
I saw his poor sweet dog roaming around the wreckage looking scared as fuck.
Edit: my comment was sorta adhd'd together.
I wasn't expecting cops to stop the owner from demolishing the land or anything. But when the meth dealers steal a car around here and leave a bag of meth on the seat, the cops simply shrug and say "no victim has come forward yet so we can't do anything".
Nobody ever believes that because it's so absurd, but it's daily fucking life here. People abandon broken down tractors in the middle of the shit ass dirt road and the county doesn't give a fuck. Residents have to coordinate and push/drag shit onto the shoulder to be able to simply get to town. Sucks ass.
But, I'd never ever again live in a city.
The capitalists are fucking all of us
Turkey of all places… cleaner, safer, lots of work for English speakers, free health, awesome women (and people in general) , lots of culture . Some things are weird, for example you walk in a park at night or in the evening and it is full of multi generational families having tea.. kind of wholesome I like it. But all of the creature comforts of the west are here and then some … for example you can buy pomegranate juice for less than a dollar as opposed to 20 dollars… little things like that. Fresh fruit, fresh food everywhere… My fiancé is turkish too so that’s been a huge factor obviously. Muslims overall, at least here, are extremely chill and peaceful people , often times borderline atheist. Much easier to get along with than far right Christians. i consider myself catholic too btw.
If you are looking to become a multi millionaire entrepreneur the USA of course still kicks its ass. USA for money is still the best if you feel like you want to run the capitalist rat race. I spent the last 15 years doing that so I’m happy to have the break. Will probably move back home to USA at some point but not even sure I want to raise kids there anymore.
if the guy that pays rent makes more than his landlord and the landlord doesn't have another job or something to sustain his spendings, how is the landlorn NOT a loser?
Anyone could inherit an apartment from their parents and put it for rent, but if you're relying your entire existence on that one single rent, then you're a loser and should get a job.
How so?
More than likely they had a separate business checking account setup soley for the purpose of collecting rent and paying for the house mortgage and other items (taxes, business credit card for any maintenance, etc...)
Why would they keep an extra rent payment sitting in this checking account if OP pays their rent on time usually? Also if the landlord had a heads up that OP was going to be late, they likely could have transfered some money from another account to cover the mortgage payment.
Good point. Smith, the holy father-god of capitalism actually wrote a critique of landlords, saying they were bad. In fact, Smith was so, so close to getting it and advancing to a Marxist-like framework it's uncanny. And then libs will suck his decayed dick like there's no tomorrow lmao
A parasite-class landlord would have something like 10-20 homes to rent and wouldn't be in financial trouble from one guy not paying on time.
This guy just seems to rent whatever he has left to one individual.
I'm normally in agreement that rent seeking behaviour is bad, but there's a lot assholes in here who don't recognize the difference between massive real estate conglomerates and property managers, and individuals who have a suite, or a couple with a rental property.
Landlord couldn't pay the mortgage on the property because rent wasn't paid. Think about that for just a second. He's not pocketing your rent money and 'living off your paycheque'.
The downpayment on a rental property is a minimum of 20% (where I live). Average house price for something liveable is about 300k.
At current interest rates, that's about 1500/mo in mortgage, another 100 for insurance, 200 for property tax.
Maintenance is going to average out to over 100/mo as well.
So now you've got a landlord who's put $65,000 down so that he can pay 1900/mo on a property that may be worth $2,000/mo in rent.
Account for any vacancy and now you've reached break-even if you're lucky, and you're still going to be putting in hours finding and vetting tenants, doing maintenance, etc.
You'll also be on the hook for additional tax and accounting work, tenants who damage more than their deposit will cover, shit tenants who need to be evicted, non-payment issues, etc.
Where I live, those numbers don't even work. That 300k property here would be good for about 1600/mo in rent and be in the red every month.
All so your evil landlord can have a passive income of 1000/mo in 25 years.
That same 65k invested intelligently for 25 years would be worth almost the same in the end.
If the landlord needs to sell the property for any reason, legal fees and realtor commissions etc will cut out any profit down in a hurry.
If the market goes to shit, they may be underwater, either on the mortgage vs value, or on monthly outlays vs income.
As a renter, you have mobility, choice, set and predictable monthly expenses, zero exposure to unforeseen events (maintenance, market), and you don't have 60 grand locked away that you can't access.
Yeah there are shitty landlords and practices out there. There are slum lords and assholes and everything else.
There are also people who have worked hard, saved, and know that the stock market is a shit show, and so would rather 'invest' in something that is more tangible, despite the risks and extra physical effort required.
I'm not saying all landlords are good, I'm just saying that you can should try to understand your situation before you blame everything on 'parasite landlords'.
I regularly play cards with some of my old tenants, have dinner with my current tenants, and work my ass off to ensure that my property is clean, well maintained, and comfortable.
I'm also an under-employed veteran, taking courses while working for friends companies doing plumbing, cutting trees, and whatever else is available, to make ends meet and continue trying to get ahead.
I'm also under 40, so maybe I'm an oddity and all landlords are soulless, bottom feeding scum. But maybe they're not and maybe you can build a mutually beneficial relationship with yours. It's worth a try anyway.
**offer not valid for property management companies, realtors accumulating rentals, and investment groups. Those are all dirty, shitty, selfish entities who will prioritize profit over everything else and fully deserve your scorn and hatred
**
Banks absolutely drive prices up. They intentionally keep supply off the market during recessions to artificially keep prices high no different than what DeBeers does with diamonds. God forbid someone might be able to afford a house if it didn't mean signing your life away on a 30 year loan.
The realtors sell property between eachother to raise prices. The landlords are pushing their interest onto others. The bank controls entry sure, but the landlords and realtors are raping the price by taking a chunk each time.
Really and what is morgage exactly? Doesn't the % inflate the price of the house more than what the actual price of the product is if you bought it without loan
True, intrest is an evil thing. And it's effects are felt as realtors swap property between eachother before pawning it off on foreign investors. But it's those hapless middlemen who push the interest they incur from banks onto others. Leeches man, a whole pool of leeches. The bank isn't forcing them at gunpoint to resell, that's greed, that's treating housing like a stock investment. That's why I hate the middleman.
Landlords and realtors are different people. Just because someone is looking for a passive income doesn't make them bad or lazy. They're just smarter than you
I own my land and my home. Not the bank, not a bottomed feeder. I worked for it. It's not hard, you are lazy and want the easy way out. You have no concept of work, you are the bottom of the bottom feeders. Many times in history people who act like this find the truth out, the people they rob rise up and no matter what you do in this life, you can't take it with you.
Remember your tenants are your breadwinners. You do nothing.
Y’all don’t even know each other, calm down. It’s silly to throw distracting insults when there’s clearly plenty of grey area held in common. If you can’t answer a question without spewing your own unique, personal neuroses over it, then don’t tell on yourself. Clearly everybody fucking sucks in this scenario, whether from a personal choice or a choice forced under circumstance. Also, people are just plain ignorant. It doesn’t cost you anything to pause and really consider that someone’s viewpoint may be completely different from your own AND they also think they’re right, just like you do.
lmao wtf then you are complaining about? your landlord OWNS the place and you are bitching about not paying rent like he's the one responsible for increasing the prices of the homes around the world. If you don't like your landlord then just in a tent somewhere where you don't have to pay anyone or better yet BUY YOUR OWN HOME.
House prices are over a million dollars in my area, and I’m not even in one of the top 5 most popular US cities. I’m a scientist, it’s not like I don’t have a good career. But companies like Blackrock as well as rich douchebags buy up most houses as soon as they go on the market. Have you tried competing for houses against rich jerks and multimillion-dollar companies? They drive up the prices by placing unreasonable demand on homes, then turn around and extract the money from the working class via rent.
As a biologist, parasite is an apt description. They are not contributing anything of value. They’re just sitting there, sucking the resources from others who are doing actual work.
Seems like you are wildly out of touch with reality.
I see a lot of posts on Facebook related to rent and landlords (probably because this is a subject that I get riled up about) and I find it mindboggling when reading the comments how many people completely forget that *landlords end up owning the house*.
So many people - landlords and landlord-defending tenants alike - are adamant that rent needs to cover at least all of the landlords' costs, including mortgage, because otherwise their "business" would "run at a loss". And if it only covers the costs and nothing more, they call it a "break-even" situation that they don't profit from, basically framing it as charity.
When someone else pays for all your costs and you end up *owning a house*, that is not a break-even situation. This should not be hard to understand. Someone else paid for a house that is now yours to sell or rent out at a great profit. Even if the rent only covered 50 % of your costs, you still fully own a house that you only paid 50 % towards. That's very profitable.
It's not like I don't know what the costs to owning a house are either. I'm a homeowner, I know what it costs. I just don't make someone else pay for it and then profile myself as a charitable person for "only covering the costs".
This is a paradigm shift way of looking at it. Rent should only be covering the cost of maintenance, taxes, etc, plus a little profit. All the equity in the place should be coming from the reasonable profits, not from the renter's pockets.
"a little profit" is reasonable for someone being responsible for the work involved in managing and maintaining a property. Paying the mortgage on top of all the other costs is literally buying your landlord a house, which is more than "a little profit"
so wages are too high is you pay your rent with them? or are you just taking a little profit? oh no they pay their bills with said profit, the horror!
My buddy said the same shit last week. I'm not sure what he thinks his roommates (also owners) actually do with what he pays them to rent a room... It helps pay for the house...
Our landlord is great. Older woman who bought this place about 18 years ago to give her some extra income to put her kids through college (they've all graduated now). She raises the rent $20-30 per year. With the crazy rent increases over the past 5 years or so we're now paying almost $1000/month under what other townhouses in the area cost.
I'm not at all disputing that most landlords are crap, but if you find a good one, do everything that you can to hang on to them.
Similar situation. Family lives on the ground floor/basement and I rent one of the 4 upstairs apartments. He lowered my rent during covid and assured me that if I lost my job he wouldn't kick me out because times were tough.
Great family. I've been there for 4 years and everyone else has been there for 10+. I pay early and pay in cash.
Y'all are pretty gullible thinking the landlord has one big magical checking account that they pay for all their personal and business expenses from.
It's more likely they have a separate business checking account just for this rental property, and they don't leave an extra mortgage payment just sitting there, but they probably do now...
I did this with all of mine except my last. He was the best landlord I’ve ever had. Actually treated it like a job, had an office, and responded to calls immediately. The guy I rented from before lived on the other side of the state and would take a few days to get ahold of him. (Lived in a house with 6 other people and our kitchen sink got really backed up, couldn’t even cook. Dealt with that for two weeks, he didn’t get around to us until we threatened to not pay rent)
This was in a small college town, and all of his properties were the most affordable. They were nice places too, and didn’t charge arm and leg for pets. (WHICH MOST PEOPLE HAVE!)
Don’t do this, you’ll end up screwing yourself over: if the landlord uses a management company and if for whatever reason your payment doesn’t go in time through the arrears department will be on your ass. The more the arrears department has to do, the more the management fee goes up and the more your landlord will end up charging through your rent.
Why put yourself thru the hassel of court and the loss of your deposit... mine is 2000 I WANT that back! And a good referral to my next place... both of those are out the window with your suggestion
Ikr, and some landlords trying to justify their parasitic lifestyle.
If a landlord sees this: you're a POS and I hate you get a job and pay your mortgage yourself.
And also maybe don't own more properties than you actually use. People fucking need shelter and you scumfucks drive prices up by buying more than you need, and then people can't afford homes and need to rent from lazy ass motherfuckers like you. Paying for your lifestyle while not earning any equity themselves. Fucking scum
E: ok I might have got a bit heated there, so I'm... not sorry in the slightest. Fuck landlords
I’m not sure what this mentality’s end game is. Section 8? Because that’s where you’re surely headed without people buying rental properties to idk…..rent out to people who…….can’t afford to buy a home/property of their own?
Worry about what’s in your control and not what’s outside. Choosing a proper location without scummy landlords is in your control, worrying about anything else is probably why you feel this way. I stayed in an apartment for 4 years and had regular rent increases, but I didn’t have to worry about my landlords mortgage…..you can do better.
You have a fundamental misunderstanding; without landlords buying up any and all property to then rent it, housing is far more affordable for all. The end game of this mentality is to abolish landlords and put to use the huge number of empty houses that they are collectively sitting on to... hmmm idk... house people. Homelessness and the inability to afford housing have a solution and landlords are in the way of that.
So if you'll excuse me I'm going to continue to tell landlords to go fuck themselves
yes absolutely how DARE my landlord is asking for my rent. I should start complaining on the internet about my landlord instead of working to pay my rent on time.
ah I get it now after seeing so many comments of yours. You're nothing but a baiter. I wonder how your day to day is? Must be boring to spend all your time trying to find joy in annoying others. Maybe living in your mom's basement makes rent pretty easy to pay.
Right??!?! I'm not sure how people think rent is supposed to be free when clearly an apartment lease or mortgage is not. A lease agreement is an agreement that they signed and agreed to. Why sign a lease/enter an agreement with someone you don't agree with? Seems like even if someone says "nah but you still gotta pay rent" they respond "F U not to those bastards!" I'n not sure why they focus so much on the landlord's when it's the banks that hold those notes they too are paying. It's the banks who control which financially stable people they choose to do business with. Let's not foget that as of now we have more rental companies holding rental agreemernts than we do landlords. But I don't see anyone saying anything about those companies or the banks though
Had a convo with this activax guy earlier today who kept complaining about losing work because of his beliefs and how I was a fascist because I took the vaccine...went back and forth and honestly the guy sounded like an ancap...then mentions he's a "self made man" because of all his "hard work" as a landlord...
I haven't laughed so hard in someone's face.
This is why I'm still living in the bonus room of my father's house... I can't bring myself to pay some asshole investor's mortgage. My city is disgustingly overrun by tourists and Californian expats right now and I refuse to spend half of my income lining some dickwads pockets on a piece of shit apartment.
> My city is disgustingly overrun by tourists and Californian expats
Hey, you know what happened to California?
Everyone and their uncle moved there and drove prices through the damned roof. I have zero sympathy for people bitching about Californians moving elsewhere when it's Californians who have been driven out of their own state by people moving there and driving prices up.
You do realize some landlords are retirees, right? That because our government set up such a crappy safety net, one of their only fallbacks is the rent on homes that they've spent years renting out to folks at reasonable rates?
I had a landlord some years back that was disabled. She was a good person. She charged VERY reasonable rates for decent apartments in a decent part of town. She'd bought them with her husband's pension so that she'd have some income.
I will say, that is the only landlord whose funeral I attended when she passed away.
Not every landlord is a steaming pile of shit. Now, it does seem like a vast majority of them are lately, but it cannot be every single one of them.
I know I'm going to get downvoted on this. But, I'm in my 40's. I have run across a landlord or two in my time.
I've known good and bad landlords. In my experience, the good ones tend to just have a second house as an investment for their future, like you described, and remember what it's like to be a tenant.
... and then there are those who see themselves as an "enterpreneur in the rental property business", which more often than not translates as: squeezing as much money out of their tenants as possible, then using the profits they gained this way to buy more properties and get richer.
For me, the issue is that something as essential as housing should not be subject to the whims of capitalism the way it currently is. Too much depends on the goodwill of individual landlords. The fact that some of them are indeed good is not enough to avoid people being pushed into poverty and homelessness by a dysfunctional housing system.
This is because of a stupid obsession with passive imcome. Wealth is service. If you try to find loopholes around that, it is not only unethical and immoral it is going to cause serious economic problems.
Anyone anyone that wants to be a landlord needs to have a account with no less than 10,000.00 set aside for the rent and repairs on the house. And what kind of idiot makes the rent due on the same day the mortgage pulls? Smart person would make it sue a few days before.
I’ve been an ICU travel nurse for 6 years now and during a very high point in the pandemic my Landlord who lived underneath me informed me my rent was doubling or I could move out! I didn’t know what to do? I paid it mostly the physical labor of moving seemed out of the question with the hours I was pullin! 2 weeks later she quit her job (a real job too like she had been there for 15 years!) and lived off me~until I stopped being so tired to deal with the shit!
Everybody out here just trying to make it, ya know
Edit: why am I being downvoted? Yeah, I would think the landlord would have another stream of income but apparently he doesn’t for whatever reason. If the landlord needs his rent to prevent overdraft, he’s pretty hard up.
I am about to get downvoted but its not like you don't get a compensation? You live in his house so you pay him. Thats how it works. Its not like the rents are this high because landlords are greedy vampires sucking every penny out of you. My mom herself is a landlord and rents a house to someone else AND she has a normal job too, and she is actually making loss with renting the house because the prizes for gas and energy are so high she litereally pays so the renters can continue living in the house.
Its not renters vs. landlords, guys. Focus on the real problem. Its the people above. And they laugh at us for fighting against our own kind instead of fighting against them, while they continue to make billions.
>she is actually making loss
No, she's not. She's building equity in the property. That's like saying you're taking a loss by having a mortgage; you're just transferring your cash into real estate.
You pay a rent, but don't even get the ownership of the house you're living in. That is parasitic. Cornering the housing market and still making people pay for not getting anything.
You get a roof over your head... which if you don't pay to have one you don't get one... how about a bathroom to clean and relieve yourself? Those are the normal things that are provided when paying rent.
well actually the house is the bread winner, you're just paying to use it.
you move out. Landlord gets another tenant. Chances are you're not the only tenant or the only house either, but if you're getting a message from them, saying they need you to pay rent, because they have bills-
that doesn't make them better than you, it just makes them in a better position than you. It's not their fault.
They chose to become a landlord rather than working to pay off the mortgage. They chose the position where they own something but can’t afford it without others labor.
It is the landlord’s fault.
are you actually making the stupid as fuck statement that all landlords dont work?
Many landlords have multiple properties, keep their rent low and live pay cheque to pay cheque because they dont want to profit off others living costs. I have a number of properties and i keep the rents 30% under comparable because I feel that its unfair to profit off peoples living costs. I want them to pay the mortgage on the house, not to pay for my lifestyle.
Its not my fault that my family and I have always invested in properties. Dont blame me because we got dealt a different hand of cards. Hate the system that said your cards wernt as good as mine.
Lol oh so you come from a line of landlords.
Just know that every property you or your family has ever rented out is keeping another family from accruing generational wealth.
You’re bad people if you profit AT ALL from withholding a human need from others.
Amazing that people are this upset at "landlords' when it's the rental companies and credit scoring agencies who are to blame as well. Why do people pay rent or a lease? Why would someone choose to lease rather than a rent to own/ mortgage? The question is, they don't willingly. They are forced due to their credit scores and ability to prove to a mortgage company your "good for it". In my state it is the rental companies who are snatching everything up like hotcakes, not landlords.
You go to work. Then you get paid. Then you pay your mortgage. That's how I paid off my mortgage. Wasn't too complicated.
Any other simple af concepts that you need me to explain to you?
Well traditionally you pay your own mortgage so that you own the house and can customize it as you see fit. Rather than paying a parasite two mortgage's worth of money (his and the house your renting) with the risk of being abused, being unable to lower your payments (something you can do with an actual mortgage) and being umable to edit your house, or hell even be allowed to hire your own trades people to fix shit because your piece of shit landlord is too busy sitting on his hands to do it himself. Of course you can't do it because then it wasn't agreed to by the landlord and that will get you evicted.
Because a bank says I can't afford an $1100/mo mortgage payment on a comparable property to the one for which I pay $1800/mo. I'm pretty confident the extra $700/mo could cover maintenance and taxes, but I'm just a renter so obviously I'm a rube.
Because landlords buy all the affordable houses in an area and banks often don't recognize paying rent as enough proof to shoe you can pay your mortgage frequently (even thoigh rent is more expensive than mortgage)
This is because a majority of landlords aren't like the Facebook guys, they're millionaires living on the other side of the country lobbying politicians and banks to let them keep exploiting the lower class like this.
Also to mortgage a house requires you to put down an up-front deposit which a lot of people can't afford due to the stagnant wages and ever growing cost to afford basic necessities.
if it is a kid, and it has to be, they don't need to speak to me or any adult about fucking rent. Jesus Christ. Yes they do need to get slapped with reality now as opposed to later when it's an eviction notice on their rented apartment door because they were a day late on the rent.
Its not an insult id say 90% chance its a child i was responding to. Otherwise very very sheltered adult who somehow has never come across the notion of rent or wages before.
3 main problems:
1. People aren't selling houses. They only want to rent them. This is mainly corporations that want a monopoly on selling houses so they can set the price, but there are also people who only want to rent so they don't have to do actual work.
2. Houses are overpriced. My dad bought his condo for 300k. It's 1.3m now, was about 2m at the start of summer. Prices shouldn't fluctuate that much, but it's not surprising to find a house is massively overpriced. Some places have seen rises of over 1000% in prices. It's insane.
3. Can't get a mortgage. Banks will refuse to give you a mortgage unless you meet some insane requirements. You could be paying rent for 3 solid years, ask for a mortgage that's half the cost of the rent, and they will refuse you. You basically need to already have enough money to buy the house in order to get a mortgage. This goes back to point 2.
Renting is the only option. You're basically paying the mortgage and then some to live in a house.
genuinely, are you a child? are you an actual, just reached voting age child or even younger child? Is this a silver spoon thing? You don't seem to have any kind of genuine idea as to how the world works like, at all
No landlord: “I think we should reform this system.”
With a landlord: “Gàn gé mìng kào de shì Máo Zédōng sīxiǎng.”
Edit: To the losers who downvoted, Cope.
Or maybe they need a percentage of that money to be able.to make the payment, and ifnyou give them 0% then they dont have 100%, and not having 100% os the same as 0%. They should obviously have better reserves than that... but it helps to understand the whole picture.
The current economic system requires money for survival. I didn’t create those rules. It’s not about being greedy with money it’s about having it. If you have money you can live in a house if you don’t then you live on the streets. Which would you prefer? Which will lead to happiness?
This has nothing to do with society and money, your fundamental premise that someone "can simply buy a house instead of renting" is flawed and has no basis in reality for the majority of people currently renting.
It is definitely not the same. When u have a mortgage you're basically investing in real estate monthly with a pretty solid roi, when u pay a landlord u get zero roi . Landlords are also responsible for destroying affordable housing by becoming middle men between the occupant and the bank. Every middle man in any business arrangement drives up the price for the end user. Maybe you should get a real job instead of leeching off people slightly below you economically.
Dude your talking to bunch of parasites who thinks that their landlord should pay their rent and their wages instead of working hard or getting a better paying jobs.
Lol I know. I just don’t get their thinking. There seems to be a lot of resentment here just cause people can’t buy a house cause of unskilled labor but if they had the money they’d do the exact same thing.
If you don't like exploitation, become the exploiter?? What kind of take is that? Not to mention if landlords weren't hoarding properties then renters might actually be able to afford a house and wouldn't need to rent in the first place
Fuck off prick. We're not savage living in caves. "prey or predator" my ass. Are you like 12? Even caveman lived in a community dumbfuck. What? You think humans in the past living in the same community ate each other to live?
Lol good luck with that lol. What should change? What’s the plan? How bout your thinking changes instead? It’ll be a lot quicker and easier, in fact it can happen right now
Not sure my thinking will ever in even 1 billion years lean towards capitalist landlord. A little dry on the solutions too because any alternative has it’s own set of issues. My plan is to enjoy my day off from work
My landlord's lived off my rent and didn't bother paying their mortgage on my building for a year. This was during the housing meltdown/recession so the bank was very slow to foreclose. The landlords let me know about a week before the bank notified me they were taking the building. The bank notification showed me how long I'd been subsidizing those people. Thanks to some pretty decent tenent protection in Seattle I had 90 days of rent free living in my place. I know there are places in the USA where I probably would have ended up moving into a storage unit on the last day of the month.
My old landlord told us never to talk to the taxman if they came asking for him when we first moved in. Never explained why, but we could guess why. A couple of years later both my wife and I got legal notices from the CRA, completely out of the blue, instructing us to pay our rent to *them* rather than *him* until further notice. He owed them something like $150,000 in back-taxes, and they figured out we were renting and that income wasn't being declared by him. Further, if we gave him even a single cent we'd be breaking the law. He was **furious**, but eventually they came to a settlement.
I'm my landlord's hobby to get her out of the house while her husband farms because she's bored. I feel like a fucking hamster in a cage, but there's not a market here. I'm trapped.
Same. Fucking nothing out here except for shit paying retail jobs. Ironically, I might be looking into being a farmhand if any of the guys around here pay enough. My raise at AutoKone was like 10 cents... meanwhile my car is literally on the verge of breaking down, I am constantly broke between paying bills and rent, and barely having anything for food... meanwhile my landlord is the mayor of my town and owns dozens and dozens of homes that he rents out, but is a huge cheapskate and drags his feet to fix issues in any of them.
Sounds like you live in a small kingdom.
Neo feudalism
Dude you live in a fiefdom
Holy fuck GTFO out of there.
With what money lmao. People say this like you can just pick up and leave tomorrow if you want. I wish it worked that way.
I mean, you can sell off possesions, chuck things in a car, and drive to a new city. Heck here in Brazil people move from the slums to other places with just enough money to pay for a bus ticket. Not saying it is "easy", but it is possible
And go where ._.
A bigger city near by but not a Big City
literally anywhere else
Nawlins
Dude your landlord sounds like fucking Lex Luther
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How much money will it cost to move there to begin with?
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>Moving lots of cheap stuff across many states is usually more expensive than buying new cheap stuff. Agree, and I'll just add one thing to it: Sell your existing stuff first. Get something for it. It won't be much, otherwise you're either abandoning it or donating it, which takes up time and energy. But if you list it and sell it, or do a garage sale, you can at least get some extra $$ before the move. It's already cheaper to just buy new cheap stuff than moving the old stuff, and if you can get a little bit for the old stuff, it'll help offset some of the cost.
>If you can get a credit card with 0% interest for 18 months or something do that and use it to help while you get money coming in. A WHAT?!
If you don’t pay the entire balance by the time the 18 month (or however long it is) period is over, all of the interest accumulates at once. They can be a good tool but they are also dangerous and can trap you into more debt than you can handle if you aren’t disciplined or have a sudden hardship.
ALWAYS read the fine print!!!!
I moved from VA to CA and it ran me about 5k. That was with a moving truck.
Dox that loser
It's not doxing if he's a public figure or government official like a mayor would be
Rural circumstances are ridiculously controlling in some ways.
And in other ways they're completely freeing. Which also sucks ass because the cops don't give a fuck. There was a squatter at the end of our road. He cleared tons of trees and brush, but left the endangered (and sacred, here, according to the natives) trees. Property owner got wind of it and had the entire lot literally bulldozed including the trees simply out of spite. He has no plans of building or moving here. Just another fucking twat that hates poor people apparently. The squatter wasn't the best guy. But he kept his shit clean and tidy. Protected the endangered trees. Did next-to-free car repair for plenty of neighbors. Now who knows where he'll end up. I saw his poor sweet dog roaming around the wreckage looking scared as fuck. Edit: my comment was sorta adhd'd together. I wasn't expecting cops to stop the owner from demolishing the land or anything. But when the meth dealers steal a car around here and leave a bag of meth on the seat, the cops simply shrug and say "no victim has come forward yet so we can't do anything". Nobody ever believes that because it's so absurd, but it's daily fucking life here. People abandon broken down tractors in the middle of the shit ass dirt road and the county doesn't give a fuck. Residents have to coordinate and push/drag shit onto the shoulder to be able to simply get to town. Sucks ass. But, I'd never ever again live in a city. The capitalists are fucking all of us
Why I left the USA. It’s all about money it gets to be pretty vile and i dont’ want to spend the rest of my life in that trap
Where did you go? Because I left also only where I am it seems like early onset feudalism.
Turkey of all places… cleaner, safer, lots of work for English speakers, free health, awesome women (and people in general) , lots of culture . Some things are weird, for example you walk in a park at night or in the evening and it is full of multi generational families having tea.. kind of wholesome I like it. But all of the creature comforts of the west are here and then some … for example you can buy pomegranate juice for less than a dollar as opposed to 20 dollars… little things like that. Fresh fruit, fresh food everywhere… My fiancé is turkish too so that’s been a huge factor obviously. Muslims overall, at least here, are extremely chill and peaceful people , often times borderline atheist. Much easier to get along with than far right Christians. i consider myself catholic too btw. If you are looking to become a multi millionaire entrepreneur the USA of course still kicks its ass. USA for money is still the best if you feel like you want to run the capitalist rat race. I spent the last 15 years doing that so I’m happy to have the break. Will probably move back home to USA at some point but not even sure I want to raise kids there anymore.
Glorified pet at that point, yea? Ridiculous what landlords can get away with.
Rents are so high because landlords can't afford to live on what lower income earners can pay.
Learning about and internalizing the term "rent seeking" really solidified my anti -capitslistic ideals
Poor landlords! They have no other creative way at all to make a living! Piss poor!
That guys landlord is a massive loser.
Into the volcano
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if the guy that pays rent makes more than his landlord and the landlord doesn't have another job or something to sustain his spendings, how is the landlorn NOT a loser? Anyone could inherit an apartment from their parents and put it for rent, but if you're relying your entire existence on that one single rent, then you're a loser and should get a job.
How so? More than likely they had a separate business checking account setup soley for the purpose of collecting rent and paying for the house mortgage and other items (taxes, business credit card for any maintenance, etc...) Why would they keep an extra rent payment sitting in this checking account if OP pays their rent on time usually? Also if the landlord had a heads up that OP was going to be late, they likely could have transfered some money from another account to cover the mortgage payment.
Found OPs landlord
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Adam smith agrees
Good point. Smith, the holy father-god of capitalism actually wrote a critique of landlords, saying they were bad. In fact, Smith was so, so close to getting it and advancing to a Marxist-like framework it's uncanny. And then libs will suck his decayed dick like there's no tomorrow lmao
Bankers are the biggest parasites of all.
"haha lmao oops you're poor? $35 fee. Sorry haha totes sucks to be you"
Bigger than politicians?
Who do you think owns all the politicians ?
Yes because the politicians are the middle men. Let's argue on that fact.
I have a grudge for doctors. Maybe because so many of them run in my family.
It might be that. Spending a lot of time around particular types of people you see all the flaws
Yup, until you finish paying off the mortgage for your landlord, it really belongs to the banks. The banks are in control of everything.
Name them.
A parasite-class landlord would have something like 10-20 homes to rent and wouldn't be in financial trouble from one guy not paying on time. This guy just seems to rent whatever he has left to one individual.
Mine has 40. Does that make him a 2-4 times bigger parasite?
I'm normally in agreement that rent seeking behaviour is bad, but there's a lot assholes in here who don't recognize the difference between massive real estate conglomerates and property managers, and individuals who have a suite, or a couple with a rental property. Landlord couldn't pay the mortgage on the property because rent wasn't paid. Think about that for just a second. He's not pocketing your rent money and 'living off your paycheque'. The downpayment on a rental property is a minimum of 20% (where I live). Average house price for something liveable is about 300k. At current interest rates, that's about 1500/mo in mortgage, another 100 for insurance, 200 for property tax. Maintenance is going to average out to over 100/mo as well. So now you've got a landlord who's put $65,000 down so that he can pay 1900/mo on a property that may be worth $2,000/mo in rent. Account for any vacancy and now you've reached break-even if you're lucky, and you're still going to be putting in hours finding and vetting tenants, doing maintenance, etc. You'll also be on the hook for additional tax and accounting work, tenants who damage more than their deposit will cover, shit tenants who need to be evicted, non-payment issues, etc. Where I live, those numbers don't even work. That 300k property here would be good for about 1600/mo in rent and be in the red every month. All so your evil landlord can have a passive income of 1000/mo in 25 years. That same 65k invested intelligently for 25 years would be worth almost the same in the end. If the landlord needs to sell the property for any reason, legal fees and realtor commissions etc will cut out any profit down in a hurry. If the market goes to shit, they may be underwater, either on the mortgage vs value, or on monthly outlays vs income. As a renter, you have mobility, choice, set and predictable monthly expenses, zero exposure to unforeseen events (maintenance, market), and you don't have 60 grand locked away that you can't access. Yeah there are shitty landlords and practices out there. There are slum lords and assholes and everything else. There are also people who have worked hard, saved, and know that the stock market is a shit show, and so would rather 'invest' in something that is more tangible, despite the risks and extra physical effort required. I'm not saying all landlords are good, I'm just saying that you can should try to understand your situation before you blame everything on 'parasite landlords'. I regularly play cards with some of my old tenants, have dinner with my current tenants, and work my ass off to ensure that my property is clean, well maintained, and comfortable. I'm also an under-employed veteran, taking courses while working for friends companies doing plumbing, cutting trees, and whatever else is available, to make ends meet and continue trying to get ahead. I'm also under 40, so maybe I'm an oddity and all landlords are soulless, bottom feeding scum. But maybe they're not and maybe you can build a mutually beneficial relationship with yours. It's worth a try anyway. **offer not valid for property management companies, realtors accumulating rentals, and investment groups. Those are all dirty, shitty, selfish entities who will prioritize profit over everything else and fully deserve your scorn and hatred **
Why ? Tell the bank 🏦that
They are nothing but frivolous middlemen driving up the price of the market.
Banks absolutely drive prices up. They intentionally keep supply off the market during recessions to artificially keep prices high no different than what DeBeers does with diamonds. God forbid someone might be able to afford a house if it didn't mean signing your life away on a 30 year loan.
The realtors sell property between eachother to raise prices. The landlords are pushing their interest onto others. The bank controls entry sure, but the landlords and realtors are raping the price by taking a chunk each time.
The banks scoop up all the foreclosures and keep them off the market intentionally until prices go up. They're parasites.
Really and what is morgage exactly? Doesn't the % inflate the price of the house more than what the actual price of the product is if you bought it without loan
True, intrest is an evil thing. And it's effects are felt as realtors swap property between eachother before pawning it off on foreign investors. But it's those hapless middlemen who push the interest they incur from banks onto others. Leeches man, a whole pool of leeches. The bank isn't forcing them at gunpoint to resell, that's greed, that's treating housing like a stock investment. That's why I hate the middleman.
Landlords and realtors are different people. Just because someone is looking for a passive income doesn't make them bad or lazy. They're just smarter than you
Lol passive income. Hurting because you are a leech? Thief's and liars the lot of them.
Leech for wanting passive income? Do you know how hard it is to achieve this goal. It needs so much hard work and effort.
I own my land and my home. Not the bank, not a bottomed feeder. I worked for it. It's not hard, you are lazy and want the easy way out. You have no concept of work, you are the bottom of the bottom feeders. Many times in history people who act like this find the truth out, the people they rob rise up and no matter what you do in this life, you can't take it with you. Remember your tenants are your breadwinners. You do nothing.
Y’all don’t even know each other, calm down. It’s silly to throw distracting insults when there’s clearly plenty of grey area held in common. If you can’t answer a question without spewing your own unique, personal neuroses over it, then don’t tell on yourself. Clearly everybody fucking sucks in this scenario, whether from a personal choice or a choice forced under circumstance. Also, people are just plain ignorant. It doesn’t cost you anything to pause and really consider that someone’s viewpoint may be completely different from your own AND they also think they’re right, just like you do.
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Lmao you can't be srs. Haven't seen an unironic "don't have a home? Just buy one!" in the wild in a while
Good lord this guy just solved homelessness. What next? Kids in Africa should just eat and problem solved? No more world hunger?
Government expropriates landlords. Problem solved.
Yeah, buy an overpriced house from a house scalping middleman who adds no value, just increases the price and reduces the availability of housing.
lmao wtf then you are complaining about? your landlord OWNS the place and you are bitching about not paying rent like he's the one responsible for increasing the prices of the homes around the world. If you don't like your landlord then just in a tent somewhere where you don't have to pay anyone or better yet BUY YOUR OWN HOME.
>like he's the one responsible for increasing the prices of the homes around the world. He's literally contributing to that problem, yes.
Dont wanna rent or buy? Maybe buy a tent idk.
Living in a tent is illegal in most places bud
House prices are over a million dollars in my area, and I’m not even in one of the top 5 most popular US cities. I’m a scientist, it’s not like I don’t have a good career. But companies like Blackrock as well as rich douchebags buy up most houses as soon as they go on the market. Have you tried competing for houses against rich jerks and multimillion-dollar companies? They drive up the prices by placing unreasonable demand on homes, then turn around and extract the money from the working class via rent. As a biologist, parasite is an apt description. They are not contributing anything of value. They’re just sitting there, sucking the resources from others who are doing actual work. Seems like you are wildly out of touch with reality.
If you cant afford a house there maybe buy one from a city you can afford. Cant believe the whole US is like that.
He just gave away his weakness. From now on he’s getting afternoon rent money
"Cut the bullshit, Mark before I send the rent late, but on time"
I see a lot of posts on Facebook related to rent and landlords (probably because this is a subject that I get riled up about) and I find it mindboggling when reading the comments how many people completely forget that *landlords end up owning the house*. So many people - landlords and landlord-defending tenants alike - are adamant that rent needs to cover at least all of the landlords' costs, including mortgage, because otherwise their "business" would "run at a loss". And if it only covers the costs and nothing more, they call it a "break-even" situation that they don't profit from, basically framing it as charity. When someone else pays for all your costs and you end up *owning a house*, that is not a break-even situation. This should not be hard to understand. Someone else paid for a house that is now yours to sell or rent out at a great profit. Even if the rent only covered 50 % of your costs, you still fully own a house that you only paid 50 % towards. That's very profitable. It's not like I don't know what the costs to owning a house are either. I'm a homeowner, I know what it costs. I just don't make someone else pay for it and then profile myself as a charitable person for "only covering the costs".
This is a paradigm shift way of looking at it. Rent should only be covering the cost of maintenance, taxes, etc, plus a little profit. All the equity in the place should be coming from the reasonable profits, not from the renter's pockets.
But you said it right there covering costs 'and a little profit' either you are okay with them taking a profit or you arn't
There really is no need to pretend a 10% profit margin would be the same as a 500% profit margin
"a little profit" is reasonable for someone being responsible for the work involved in managing and maintaining a property. Paying the mortgage on top of all the other costs is literally buying your landlord a house, which is more than "a little profit"
so wages are too high is you pay your rent with them? or are you just taking a little profit? oh no they pay their bills with said profit, the horror! My buddy said the same shit last week. I'm not sure what he thinks his roommates (also owners) actually do with what he pays them to rent a room... It helps pay for the house...
and you both are the banker's breadwinners, the actual parasite
Both pests tho. The Landlords are the rats, the Bankers the infected fleas. Both spread the plague.
Who are those bankers and why are they allowed to do so?
Always, always, always pay your rent at the last minute of their business day, just so you create as much inconvenience in their lives.
Our landlord is great. Older woman who bought this place about 18 years ago to give her some extra income to put her kids through college (they've all graduated now). She raises the rent $20-30 per year. With the crazy rent increases over the past 5 years or so we're now paying almost $1000/month under what other townhouses in the area cost. I'm not at all disputing that most landlords are crap, but if you find a good one, do everything that you can to hang on to them.
Similar situation. Family lives on the ground floor/basement and I rent one of the 4 upstairs apartments. He lowered my rent during covid and assured me that if I lost my job he wouldn't kick me out because times were tough. Great family. I've been there for 4 years and everyone else has been there for 10+. I pay early and pay in cash.
If they don't have enough saved to pay the mortgage without your rent they don't have enough to take care of the house they own as well...
Y'all are pretty gullible thinking the landlord has one big magical checking account that they pay for all their personal and business expenses from. It's more likely they have a separate business checking account just for this rental property, and they don't leave an extra mortgage payment just sitting there, but they probably do now...
I did this with all of mine except my last. He was the best landlord I’ve ever had. Actually treated it like a job, had an office, and responded to calls immediately. The guy I rented from before lived on the other side of the state and would take a few days to get ahold of him. (Lived in a house with 6 other people and our kitchen sink got really backed up, couldn’t even cook. Dealt with that for two weeks, he didn’t get around to us until we threatened to not pay rent) This was in a small college town, and all of his properties were the most affordable. They were nice places too, and didn’t charge arm and leg for pets. (WHICH MOST PEOPLE HAVE!)
Don’t do this, you’ll end up screwing yourself over: if the landlord uses a management company and if for whatever reason your payment doesn’t go in time through the arrears department will be on your ass. The more the arrears department has to do, the more the management fee goes up and the more your landlord will end up charging through your rent.
This is too much work. Just pour liquid concrete down the floor drain when you move out.
Why put yourself thru the hassel of court and the loss of your deposit... mine is 2000 I WANT that back! And a good referral to my next place... both of those are out the window with your suggestion
Disgusting landbastard apologists in the comments
Ikr, and some landlords trying to justify their parasitic lifestyle. If a landlord sees this: you're a POS and I hate you get a job and pay your mortgage yourself.
And also maybe don't own more properties than you actually use. People fucking need shelter and you scumfucks drive prices up by buying more than you need, and then people can't afford homes and need to rent from lazy ass motherfuckers like you. Paying for your lifestyle while not earning any equity themselves. Fucking scum E: ok I might have got a bit heated there, so I'm... not sorry in the slightest. Fuck landlords
I’m not sure what this mentality’s end game is. Section 8? Because that’s where you’re surely headed without people buying rental properties to idk…..rent out to people who…….can’t afford to buy a home/property of their own? Worry about what’s in your control and not what’s outside. Choosing a proper location without scummy landlords is in your control, worrying about anything else is probably why you feel this way. I stayed in an apartment for 4 years and had regular rent increases, but I didn’t have to worry about my landlords mortgage…..you can do better.
You have a fundamental misunderstanding; without landlords buying up any and all property to then rent it, housing is far more affordable for all. The end game of this mentality is to abolish landlords and put to use the huge number of empty houses that they are collectively sitting on to... hmmm idk... house people. Homelessness and the inability to afford housing have a solution and landlords are in the way of that. So if you'll excuse me I'm going to continue to tell landlords to go fuck themselves
Rental companies are the ones buying everything up! Not the avg landlord
People defending landlords should get the same treatment as landlord parasites themselves.
yes absolutely how DARE my landlord is asking for my rent. I should start complaining on the internet about my landlord instead of working to pay my rent on time.
ah I get it now after seeing so many comments of yours. You're nothing but a baiter. I wonder how your day to day is? Must be boring to spend all your time trying to find joy in annoying others. Maybe living in your mom's basement makes rent pretty easy to pay.
Right??!?! I'm not sure how people think rent is supposed to be free when clearly an apartment lease or mortgage is not. A lease agreement is an agreement that they signed and agreed to. Why sign a lease/enter an agreement with someone you don't agree with? Seems like even if someone says "nah but you still gotta pay rent" they respond "F U not to those bastards!" I'n not sure why they focus so much on the landlord's when it's the banks that hold those notes they too are paying. It's the banks who control which financially stable people they choose to do business with. Let's not foget that as of now we have more rental companies holding rental agreemernts than we do landlords. But I don't see anyone saying anything about those companies or the banks though
Had a convo with this activax guy earlier today who kept complaining about losing work because of his beliefs and how I was a fascist because I took the vaccine...went back and forth and honestly the guy sounded like an ancap...then mentions he's a "self made man" because of all his "hard work" as a landlord... I haven't laughed so hard in someone's face.
This is why I'm still living in the bonus room of my father's house... I can't bring myself to pay some asshole investor's mortgage. My city is disgustingly overrun by tourists and Californian expats right now and I refuse to spend half of my income lining some dickwads pockets on a piece of shit apartment.
> My city is disgustingly overrun by tourists and Californian expats Hey, you know what happened to California? Everyone and their uncle moved there and drove prices through the damned roof. I have zero sympathy for people bitching about Californians moving elsewhere when it's Californians who have been driven out of their own state by people moving there and driving prices up.
that is exactly how this system works
Master & servant dialectic. Hegel got it all.
Cancel rent.
Buy a home.
You do realize some landlords are retirees, right? That because our government set up such a crappy safety net, one of their only fallbacks is the rent on homes that they've spent years renting out to folks at reasonable rates? I had a landlord some years back that was disabled. She was a good person. She charged VERY reasonable rates for decent apartments in a decent part of town. She'd bought them with her husband's pension so that she'd have some income. I will say, that is the only landlord whose funeral I attended when she passed away. Not every landlord is a steaming pile of shit. Now, it does seem like a vast majority of them are lately, but it cannot be every single one of them. I know I'm going to get downvoted on this. But, I'm in my 40's. I have run across a landlord or two in my time.
I've known good and bad landlords. In my experience, the good ones tend to just have a second house as an investment for their future, like you described, and remember what it's like to be a tenant. ... and then there are those who see themselves as an "enterpreneur in the rental property business", which more often than not translates as: squeezing as much money out of their tenants as possible, then using the profits they gained this way to buy more properties and get richer. For me, the issue is that something as essential as housing should not be subject to the whims of capitalism the way it currently is. Too much depends on the goodwill of individual landlords. The fact that some of them are indeed good is not enough to avoid people being pushed into poverty and homelessness by a dysfunctional housing system.
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This is because of a stupid obsession with passive imcome. Wealth is service. If you try to find loopholes around that, it is not only unethical and immoral it is going to cause serious economic problems.
Anyone anyone that wants to be a landlord needs to have a account with no less than 10,000.00 set aside for the rent and repairs on the house. And what kind of idiot makes the rent due on the same day the mortgage pulls? Smart person would make it sue a few days before.
This was exactly what I was thinking when I read this.
FYI, mortgages are always due on the 15th for this very reason so Andy was lied to.
I’ve been an ICU travel nurse for 6 years now and during a very high point in the pandemic my Landlord who lived underneath me informed me my rent was doubling or I could move out! I didn’t know what to do? I paid it mostly the physical labor of moving seemed out of the question with the hours I was pullin! 2 weeks later she quit her job (a real job too like she had been there for 15 years!) and lived off me~until I stopped being so tired to deal with the shit!
What is with reddit and not understanding the concept of renting?
I could say the exact same thing and mean the complete opposite
Agree AND the fact that it's the rental companies that the ones who are taking away more homes
Everybody out here just trying to make it, ya know Edit: why am I being downvoted? Yeah, I would think the landlord would have another stream of income but apparently he doesn’t for whatever reason. If the landlord needs his rent to prevent overdraft, he’s pretty hard up.
Not landlords. They’re trying to have someone else make it for them.
I am about to get downvoted but its not like you don't get a compensation? You live in his house so you pay him. Thats how it works. Its not like the rents are this high because landlords are greedy vampires sucking every penny out of you. My mom herself is a landlord and rents a house to someone else AND she has a normal job too, and she is actually making loss with renting the house because the prizes for gas and energy are so high she litereally pays so the renters can continue living in the house. Its not renters vs. landlords, guys. Focus on the real problem. Its the people above. And they laugh at us for fighting against our own kind instead of fighting against them, while they continue to make billions.
>she is actually making loss No, she's not. She's building equity in the property. That's like saying you're taking a loss by having a mortgage; you're just transferring your cash into real estate.
You do take a loss when taking a mortage. There is this thing called "interests" you have to pay.
Borrowing having a cost is not the same, IMO. I think those are two separate points
You pay a rent, but don't even get the ownership of the house you're living in. That is parasitic. Cornering the housing market and still making people pay for not getting anything.
If you want the ownership then buy the house
Or get rid off the landlord parasite and take the house.
Thats murder and theft.
Cry about it
You are the one crying all the time lol
Hey I'm no landlord, I have no reason to cry for my life.
You get a roof over your head... which if you don't pay to have one you don't get one... how about a bathroom to clean and relieve yourself? Those are the normal things that are provided when paying rent.
When landlords say this they’re lying fyi
Now fuck his wife.
*make him watch while you do it
You know things are bad when even the parasites are withering from starvation...
Good luck getting your deposit back
Same for me. I have a private landlord (we’re neighbors ) and literally after I pay rent. She goes shopping, or pays for upgrades to her flat.
well actually the house is the bread winner, you're just paying to use it. you move out. Landlord gets another tenant. Chances are you're not the only tenant or the only house either, but if you're getting a message from them, saying they need you to pay rent, because they have bills- that doesn't make them better than you, it just makes them in a better position than you. It's not their fault.
They chose to become a landlord rather than working to pay off the mortgage. They chose the position where they own something but can’t afford it without others labor. It is the landlord’s fault.
are you actually making the stupid as fuck statement that all landlords dont work? Many landlords have multiple properties, keep their rent low and live pay cheque to pay cheque because they dont want to profit off others living costs. I have a number of properties and i keep the rents 30% under comparable because I feel that its unfair to profit off peoples living costs. I want them to pay the mortgage on the house, not to pay for my lifestyle. Its not my fault that my family and I have always invested in properties. Dont blame me because we got dealt a different hand of cards. Hate the system that said your cards wernt as good as mine.
Lol oh so you come from a line of landlords. Just know that every property you or your family has ever rented out is keeping another family from accruing generational wealth. You’re bad people if you profit AT ALL from withholding a human need from others.
Hey look, more proof that landlords don’t do shit lol
Amazing that people are this upset at "landlords' when it's the rental companies and credit scoring agencies who are to blame as well. Why do people pay rent or a lease? Why would someone choose to lease rather than a rent to own/ mortgage? The question is, they don't willingly. They are forced due to their credit scores and ability to prove to a mortgage company your "good for it". In my state it is the rental companies who are snatching everything up like hotcakes, not landlords.
Um 😐, How do you think a mortgage 💸 is paid ? Just wondering 💭
You go to work. Then you get paid. Then you pay your mortgage. That's how I paid off my mortgage. Wasn't too complicated. Any other simple af concepts that you need me to explain to you?
Well traditionally you pay your own mortgage so that you own the house and can customize it as you see fit. Rather than paying a parasite two mortgage's worth of money (his and the house your renting) with the risk of being abused, being unable to lower your payments (something you can do with an actual mortgage) and being umable to edit your house, or hell even be allowed to hire your own trades people to fix shit because your piece of shit landlord is too busy sitting on his hands to do it himself. Of course you can't do it because then it wasn't agreed to by the landlord and that will get you evicted.
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Because a bank says I can't afford an $1100/mo mortgage payment on a comparable property to the one for which I pay $1800/mo. I'm pretty confident the extra $700/mo could cover maintenance and taxes, but I'm just a renter so obviously I'm a rube.
I see
Because landlords buy all the affordable houses in an area and banks often don't recognize paying rent as enough proof to shoe you can pay your mortgage frequently (even thoigh rent is more expensive than mortgage) This is because a majority of landlords aren't like the Facebook guys, they're millionaires living on the other side of the country lobbying politicians and banks to let them keep exploiting the lower class like this. Also to mortgage a house requires you to put down an up-front deposit which a lot of people can't afford due to the stagnant wages and ever growing cost to afford basic necessities.
That’s terrible I guess I didn’t understand the situation
How could you not understand? Are you a child?
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if it is a kid, and it has to be, they don't need to speak to me or any adult about fucking rent. Jesus Christ. Yes they do need to get slapped with reality now as opposed to later when it's an eviction notice on their rented apartment door because they were a day late on the rent.
Its not an insult id say 90% chance its a child i was responding to. Otherwise very very sheltered adult who somehow has never come across the notion of rent or wages before.
3 main problems: 1. People aren't selling houses. They only want to rent them. This is mainly corporations that want a monopoly on selling houses so they can set the price, but there are also people who only want to rent so they don't have to do actual work. 2. Houses are overpriced. My dad bought his condo for 300k. It's 1.3m now, was about 2m at the start of summer. Prices shouldn't fluctuate that much, but it's not surprising to find a house is massively overpriced. Some places have seen rises of over 1000% in prices. It's insane. 3. Can't get a mortgage. Banks will refuse to give you a mortgage unless you meet some insane requirements. You could be paying rent for 3 solid years, ask for a mortgage that's half the cost of the rent, and they will refuse you. You basically need to already have enough money to buy the house in order to get a mortgage. This goes back to point 2. Renting is the only option. You're basically paying the mortgage and then some to live in a house.
Thank You
>Why put yourself in that situation? [Just World Fallacy](https://en.wikipedia.org/wiki/Just-world_hypothesis)
genuinely, are you a child? are you an actual, just reached voting age child or even younger child? Is this a silver spoon thing? You don't seem to have any kind of genuine idea as to how the world works like, at all
By people that own the property
I see
No landlord: “I think we should reform this system.” With a landlord: “Gàn gé mìng kào de shì Máo Zédōng sīxiǎng.” Edit: To the losers who downvoted, Cope.
Or maybe they need a percentage of that money to be able.to make the payment, and ifnyou give them 0% then they dont have 100%, and not having 100% os the same as 0%. They should obviously have better reserves than that... but it helps to understand the whole picture.
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You're right, why don't people simply get more money? It's such a simple idea, how has nobody else thought of it?
Get a better paying job lmao
Lol...they have an excuse or rebuttal for everything....they're so experienced in life that they know everything already !! It's exhausting.
The current economic system requires money for survival. I didn’t create those rules. It’s not about being greedy with money it’s about having it. If you have money you can live in a house if you don’t then you live on the streets. Which would you prefer? Which will lead to happiness?
This has nothing to do with society and money, your fundamental premise that someone "can simply buy a house instead of renting" is flawed and has no basis in reality for the majority of people currently renting.
If everyone becomes a landlord, how is anyone going to pay for your mortgage. The fuck is wrong with you people? How can you actually be this stupid?
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Ur trying so hard to rationalise being a piece of shit. Just own it. It's easier for everyone that way.
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It is definitely not the same. When u have a mortgage you're basically investing in real estate monthly with a pretty solid roi, when u pay a landlord u get zero roi . Landlords are also responsible for destroying affordable housing by becoming middle men between the occupant and the bank. Every middle man in any business arrangement drives up the price for the end user. Maybe you should get a real job instead of leeching off people slightly below you economically.
Dude your talking to bunch of parasites who thinks that their landlord should pay their rent and their wages instead of working hard or getting a better paying jobs.
Lol I know. I just don’t get their thinking. There seems to be a lot of resentment here just cause people can’t buy a house cause of unskilled labor but if they had the money they’d do the exact same thing.
If you don't like exploitation, become the exploiter?? What kind of take is that? Not to mention if landlords weren't hoarding properties then renters might actually be able to afford a house and wouldn't need to rent in the first place
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Fuck off prick. We're not savage living in caves. "prey or predator" my ass. Are you like 12? Even caveman lived in a community dumbfuck. What? You think humans in the past living in the same community ate each other to live?
Prey or predator as in renter or owner. We’re not in the past, we’re in the present
The second statement is why the first statement shouldn’t even be comparable in the first place
We’re not adapting to that bullshit. Something needs to change and it’s not us.
Lol good luck with that lol. What should change? What’s the plan? How bout your thinking changes instead? It’ll be a lot quicker and easier, in fact it can happen right now
Not sure my thinking will ever in even 1 billion years lean towards capitalist landlord. A little dry on the solutions too because any alternative has it’s own set of issues. My plan is to enjoy my day off from work
Sigma grindset Hustlers University graduate independently formulates "just buy a house" (GONE SEXUAL)
‘Just buy a second house lmao’ Man I cant even afford my first right now, getting there but goddamn
"shitty thinking", huh? Ironic.