▲ 2111 ▼ Fucking leeches (lemmy.dbzer0.com) submitted 1 year ago by Viking_Hippie@lemmy.dbzer0.com to c/aboringdystopia@lemmy.world 356 comments fedilink hide all child comments
[–] arandomthought@sh.itjust.works 99 points 1 year ago (2 children) Step one: Have a shitton of money to buy property to rent out. Oh, you don't have enough money? Hhm, have you tried not being poor? permalink fedilink source hideshow 4 child comments replies: [+] melpomenesclevage@lemmy.dbzer0.com 21 points 1 year ago* (last edited 1 year ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] arandomthought@sh.itjust.works 4 points 1 year ago (1 child) That's the question. Are they dumb and mean it or are they just assholes? I also tend to think it's the second. permalink fedilink source parent hideshow 2 child comments replies: [+] melpomenesclevage@lemmy.dbzer0.com 4 points 1 year ago* (last edited 1 year ago) [removed by mod] permalink fedilink source parent [–] finitebanjo@lemmy.world -4 points 1 year ago* (last edited 1 year ago) The meme specifies Mortgage which means they also don't have any money. They obtained a loan that they will be paying back for 15 to 30 years, at which point the property will deteriorate to a much lower value if any at all. If they sell the properties then they will owe depreciation recapture which works similar to a capital gains tax, as if it were additional income on top of the actual capital gains tax on the sale of the property itself. Plus closing costs to realtors. permalink fedilink source parent
[+] melpomenesclevage@lemmy.dbzer0.com 21 points 1 year ago* (last edited 1 year ago) (1 child) [removed by mod] permalink fedilink source parent hideshow 2 child comments replies: [–] arandomthought@sh.itjust.works 4 points 1 year ago (1 child) That's the question. Are they dumb and mean it or are they just assholes? I also tend to think it's the second. permalink fedilink source parent hideshow 2 child comments replies: [+] melpomenesclevage@lemmy.dbzer0.com 4 points 1 year ago* (last edited 1 year ago) [removed by mod] permalink fedilink source parent
[–] arandomthought@sh.itjust.works 4 points 1 year ago (1 child) That's the question. Are they dumb and mean it or are they just assholes? I also tend to think it's the second. permalink fedilink source parent hideshow 2 child comments replies: [+] melpomenesclevage@lemmy.dbzer0.com 4 points 1 year ago* (last edited 1 year ago) [removed by mod] permalink fedilink source parent
[+] melpomenesclevage@lemmy.dbzer0.com 4 points 1 year ago* (last edited 1 year ago) [removed by mod] permalink fedilink source parent
[–] finitebanjo@lemmy.world -4 points 1 year ago* (last edited 1 year ago) The meme specifies Mortgage which means they also don't have any money. They obtained a loan that they will be paying back for 15 to 30 years, at which point the property will deteriorate to a much lower value if any at all. If they sell the properties then they will owe depreciation recapture which works similar to a capital gains tax, as if it were additional income on top of the actual capital gains tax on the sale of the property itself. Plus closing costs to realtors. permalink fedilink source parent