McDonald’s is always hiring.

As a professional cook it be like that sometimes 😅

Sounds rough man. Maybe you should just sell the property, then you wouldn’t have to deal with such things.

Aw man, it’s almost like they think they are paying you…

Yup, people here are generally young and have only had experience being on the tenant side of the equation. Someday they may find out what it is like being on the other side and that tenants can be pigs.

For individuals who own like a single rental property as an investment property, you could blame the banks. Maybe the tenants don’t have the 20% the bank would require for a mortgage. But they can afford the monthly rent for the larger house rather than a smaller apartment. Also the landlord takes on the risk here. (Market value, no Rent payment, property damage, maintenance…)

the alternative is that I don’t rent out part of my house and then there will be less housing

This is only part of it. The “housing shortage” exists not because there aren’t enough homes, but that there are not enough homes on the market. Truthfully, renting out a spare bedroom is not the focus of people’s ire (though through a certain lens it is still a problem, but I won’t go into it here). The problem is that rent seekers are pricing people out of the housing market, which is creating higher demand for rentals, which drives up the market price, ect. It’s a systemic problem, and not necessarily one of individual culpability. Another part of the problem is the commodification of homes: any action taken to address home affordability will necessarily drive down home values (they are the same thing, after all), and many people depend on the value of their home not dropping. It’s a bubble with millions of people at risk of loosing their homes if it pops.

There’s this convenient assumption for landlords that the rental market is full of people who simply want to be renters, or full of people who simply can’t afford to purchase their own home (usually by some moral failing), when the reality is that rent seekers are creating the problem that they claim to be solving. Houses wouldn’t be so expensive if there weren’t so many people buying houses for the purpose of renting out.

All these cucks can blow me.

Of course, there are other reasons why people might be angry with landlords.

The idea that ALL landlords are exploiting ALL tenants ALL of the time is just so fucking stupid it’s hard to listen to. Goods and services cost money, idk why that is such a hard concept to grasp. I lean left and will probably never vote R for the rest of my life, but it’s hard to listen to people like that who have no understanding of basic economics.

Well that’s rather snowflakey… if you aren’t part of the problem why are you identifying with them?

Landlords must exist because people need to rent housing, and it sure sounds like you’re doing it right. Some landlords (and some tenants) are awful human beings who should not be landlords while others are good people.

A bigger problem is happening in areas with housing shortages. Housing prices have been skyrocketing for 10+ years and home owners have been leveraging themselves with their home equity to buy other homes. On a large scale, that eats up a lot of housing supply, increases prices, and makes it more difficult for people without existing real estate equity to buy a house.

In the city where I live, owning a house is essentially not possible for middle-class people unless their parents give them a down payment. Even my girlfriend and I, who combine for more than triple the average household income in the city, are taking years and years to save for a $300k+ down payment that’s needed to bring the mortgage payment down to $6k/mo.

Landlords didn’t create the housing shortage, but I can see why someone who’s struggling to buy a house while watching landlords buy multiple houses can develop a hatred for them.

I can totally relate, but the audience in here is beyond belief. They already have their pitchforks out and no amount of logical will get through to the hoard.

So many of these clowns think that all landlords are billionaires who’s main goal in life is to keep people miserable. They will never admit the truth that a bunch of loandlords are simply regular folks who decided to buy an apartment unit or maybe even a house (or rent part of their existing house) to help fund their retirement. Others invest in the stock market, but they aren’t demonized, but someone renting out a spare room is, for whatever reason.

I looked into renting out my old place when I was buying a house. When you looked at the market rate for the area, then subtracted taxes, condo fees, utilities, maintenance, and insurance it was absolutely not worth it. Fuck that. All that stress and trouble just so some lazy piece of shit could try squatting on my property because they feel entitled to freebies? Da fuq. Hell no. I was not going to waste my time doing that. And yet the clowns in here would think that no matter what the rent is, it is somehow too high even though they have no bloody clue the kind of bills a homeowner has.

It’s a hard life, but someone’s got to do it. My tenants’ rent wont raise itself.

That’s an option that is actively being removed by massive firms. Empty houses are common, but available houses are few and affordable available houses are very rare.

Can’t. Rich assholes and massive firms are buying them at insane prices so they can rent them out at double what a mortgage would cost. And that drives more people to apartments which drives their prices up.

There’s a housing shortage in my area, and 30 percent of houses are empty. But if you jack up the rent enough, you make more money off those that can pay the ransom than you would by lowering the rent to get all units rented. It’s an artificial scarcity created by landlords.

I work in municipal development and literally every single-family project that’s approached the city in the last 18 months is for rental only, because they figured out that mortgages don’t go up and eventually end, so why sell the houses at all?

It’s expensive to be poor

You’re a troll right? Because I refuse to belive anyone could genuinely be this clueless.

Yeah, for sure - I live in southern California, which has about as high a cost of real estate as you’re going to find, but that isn’t caused by landlords. I mean, if you bought a new car and were selling your old one, you’d probably sell it for whatever the market would pay, right? Maybe if you’re really well off you’d just give it to someone, but most of us are going to sell for the going rate. It’s the same with houses. If I can easily get $500k for my house, I’m not going to list it for $400k just to be nice - I could use the money.

Do people feel like it’s inherently more laudable to sell their house than to rent it? It seems like, as long as they’re not gouging, they’re doing more of a service by renting to people who can’t afford to buy, and also covering all the costs of repairs and risk of damage that renters don’t have to worry about.

I just don’t get the hate broadly, though the management company who ran my daughter’s apartment complex were assholes.

Your landlord is allowed to raise it by that much? I’m Dutch and we have limits on how much rent can increase, which was a maximum of 4.1% in 2023.

Doesn’t matter either way. My landlord is an asshole who never fixes anything he says he will (even things he’s legally supposed to.) Can’t use the law against him because he’s allowed to raise the rent any time he wants with a few simple changes to our lease.

I’ve never had a good landlord. Most of them are greedy trash.

This shows one of the most common things landlords tell themselves to justify it.

But I run the houses at a bare minimum profit

You tell yourself this, to make you feel better, but you don’t acknowledge that almost all the money your tenants pay you is profit, since they are paying for the mortgage. Even if you rented at 0 immediate profit, for the entire time until you paid off the houses, you would have actually made 1.2million in profit, since you now own 2 houses at 600k each.

And those families, instead of paying a mortgage and ending with hundreds of thousands of dollars in equity, that they could refinance, or use to buy a better house or leave as inheritance for their kids, now have nothing, as all that money has gone to you.

There is no such thing as an ethical landlord. Even the “”“good”“” ones are still exploring people’s basic need for shelter to make them rich.

If you really wanted to be a “good” landlord offer those families the chance to buy the house with the 15 years of down payments they already made to you to start it off. But as you said they’re an “income plan” for your kids I don’t think you would do that.

Shit my place was in better condition when I left than the way it was when moved in and they still wouldn’t give the deposit back.

Free market doesn’t work quite so well when it’s a required item like housing or medical.

Not to mention ownership of land is a human concept we can live without.

How would you do it differently?

I don’t have power over my tenants. They have as much power as I do. They can leave and I can also ask him to leave.

They have zero obligation to stay at my place.

I have a space to rent and they need a place to live. It’s a business transaction that both parties benefit from.

So how do you handle it when there are more people than space available? How do you cover the cost of maintenance? What would prevent someone from taking your house without ownership rights?

‘Abolish ownership’ is a pretty simple talking point, how would you make it work in a legal sense?

Who determines what is your responsibility vs the neighbor vs the city? How do you establish legal boundaries for purposes of theft, vandalism, or trespassing?

Laws might seem cold (because they are) or inhumane (because they are) but they are also the thing that keeps society organized. And that makes them one of the most important human inventions. Rights are the result of laws.

If you’re concerned about land prices, or people being ‘priced out’ of things, there are important alternate solutions to that kind of problem. Things like social services, improving education, breaking up super corporations, promoting healthy neighborhood design and small business, etc.

You forgot to tell him to use Linux.

Gimme gimme gimme!