this post was submitted on 02 Oct 2023
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You wouldn't do this if it weren't profitable. The tenant will end up paying for the furnishings and maintenance many times over in rent, and you will get an appreciating asset that you are gradually paying off the debt for. You're not getting paid for management, you're profiting from holding capital in a system designed to benefit those that have capital, and seeking rent for the ownership of that capital.
I wouldn't hold it against someone in this system we have if they end up buying a property to safeguard their money, but let's not pretend that landlords are not a parasitic relationship that reduce the amount of housing stock available for people to buy and act as a middle man between a tenant and a property management company.
Why on earth do you think anyone would rent out a house, or pay for all the ancillaries - furnishings, repairs, insurance, legal etc. if they didn't get a return on their investment, time and effort? Do you also accuse Marriott of being parasites for renting rooms? Or Hertz for renting cars? They do these things because they spent a lot of money to provide something of value that people can utilize for a period of time but they still expect to make money.
Renting is a business. It's as "parasitic" as any other business were a person pays for something with money and receives something in return. If you are not prepared to rent then don't. There are other options to having a roof over your head. Buying a house would be one option but there are others.
If you equate rental cars and hotel rooms as the same as shelter used every day I don't know how you are going to begin to understand the other person's argument. I hope you can educate yourself about this.
Yeah how dare I make an obvious point that people rent houses to make money. They aren't charities. It doesn't make them parasites or evil. They're not responsible for the price of houses. They're not responsible for social housing. They're not responsible if you cannot afford what they charge to cover their costs & make money.
I've rented plenty in my life. Then I bought a house and paid it off. Sobbing that people who rent properties actually want to make money or that they're all "parasites" is laughable nonsense.
"Buying a house" lol, imagine being so out of touch you think that's an option for people who can barely handle rent.
Imagine being so out of touch that you think people who rent property should do so out of the goodness of their hearts.
Except nobody is saying that.
They're saying landlording shouldn't be possible. That the provision of shelter should be done by some other means.