205
this could be an Onion article
(thelemmy.club)
For posting all the anonymous reactionary bullshit that you can't post anywhere else.
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It's simple. People who can't afford a mortgage have to rent. Or be homeless. The system wants it this way to keep investments paying dividends.
The job of the tenant is to totally destroy the property to bring prices down so they can pay less or maybe even afford a house. If you're a landlord that's expected so the destruction is balanced in the monthly rent. If you get lucky you find a good Tennant who will not purposefully clog toilets or rub their feet on the walls etc, you can make more money. If the opposite happens you'll only make money if you sell the property. Meanwhile you pay the mortgage so you're basically the Bank's bitch and the Tennant's bitch with nothing to show in terms of a profit. You didn't go to school and work your ass off for 5 years to barely afford a fixer upper to rent just so that some asshole think you owe him something.
The other side is equally tough. You work your ass off and can never push ahead because all your income goes to pay rent. You're careful but you never get your deposit back. You can't rent a two bedroom because you got 3 kids and a dog. Oh by the way, dogs are not allowed... But nobody told you just how much landlords hate dogs due to how destructive they can be. Cats are horrible too because they will make the place smell like pee. Wet dog or dog poo is also not a great smell. And you lost your job or are between jobs, but....where's the rent!!!??
I was a landlord of a single house and I put up with very destructive tennants. I do not recommend being a landlord. If you are, you should charge enough to pay for maintenance. Its stupid to do the maintenance yourself like I did. Don't. Your time is not free. If your tennant wants to destroy the place make them pay for it. The place is your investment in the form of a house. Anyone destroying your house is directly stealing. On the other hand don't charge excessive rent man. That fucking sucks for everyone. Make sure your house has durable flooring. Pay for good kitchen countertops. Make sure the kitchen and bathrooms have resettable gfci outlets. Make sure the kitchen sink wall and the bathroom walls are wettable... Silicon caulking, Hardy backer, concrete, etc. Pay for good plumbing, good flushable toilets with easy replaceable kits like the totto. The tenants will have a hard time destroying something that is well built. If they destroy it, it will be evident. If they don't destroy it, they will enjoy living there maintenance free and you'll enjoy not worrying about maintenance too.
On closing. If you own your place, you tend to spend on keeping it up. Else you'll be loosing investment money. I balance out my time and house maintenance. Realizing that you won't take the house to your grave and your kids won't want to keep living there either because everyone is stoopid at their age, then balance your maintenance. You're basically dumping money into a house you own on paper. In reality you don't, even when its paid off. My first house was built in 1929 and owned by at least 3 people. That's right, the banks own the house. You add a new garage and they love it! You borrow to add the garage and then you pay for it and then eventually the bank owns the house again. You don't own it. The tenant doesn't either. The banks do and they love to watch us all argue about rent and Land lording. Banks set the price for rents indirectly. Its banks that want profit for doing nothing. Big landlord companies too. Both are just there to take a cut monthly.
If you came here expecting sympathy for your land lording you came to the wrong part of town.
Ok guys, we need class unity with the land bastard class. Make sure you tip them.
We are all just being played by the banks. You can be a landlord too! Just work your ass off for 10 or 30 years and give the bank all your money. You immediately become the thing you hate. Want your money back? Not right now, it has to be repaired, you gotta pay a cut to the repair guy, a cut to the Realtors, a cut to the bank. Maybe in a few decades you can get your original money... Which is now devalued. So you must continue until you own the house "out right" more like yeah right. The banks own the house always, don't fool yourselves.
No, thanks. Why would i invest in a system I want gone?
You want the system gone because you sucked at being a leech.
We want the system gone because it’s unethical. We are not the same.