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.
I feel this so much. I own a property. I rented it out. I ran into that exact same lineup of expenses vs income you note here and… I ended up taking my house OFF the rental market. It’s just not worth it.
I keep getting into these discussions with people who yell “It’s immoral to buy a house and rent it out. Landlords must provide housing for renters at a loss so I can have cheap housing” and then… “It’s an investment and you as the owner must fund my low cost housing because you might earn equity in the property when you sell it in the future.”
Don’t even bother arguing with those idiots. It’s not worth your time.
The same clowns that scream about “low wages means low effort” to justify lazy workers, also can’t fathom why someone isn’t going to rent their property (with all the risk, stress and work that goes along with that) for just $100/month in profit.
Funny how they don’t see the hypocrisy.
On Reddit, you’d get the same anti-work, anti-landlord, pro-freebies crowd, but we also had a reasonably well trafficked real estate sub. I haven’t found a good place to talk about home purchasing, repairs, and dealing with real estate agents on this site.
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.
I feel this so much. I own a property. I rented it out. I ran into that exact same lineup of expenses vs income you note here and… I ended up taking my house OFF the rental market. It’s just not worth it.
I keep getting into these discussions with people who yell “It’s immoral to buy a house and rent it out. Landlords must provide housing for renters at a loss so I can have cheap housing” and then… “It’s an investment and you as the owner must fund my low cost housing because you might earn equity in the property when you sell it in the future.”
Don’t even bother arguing with those idiots. It’s not worth your time.
The same clowns that scream about “low wages means low effort” to justify lazy workers, also can’t fathom why someone isn’t going to rent their property (with all the risk, stress and work that goes along with that) for just $100/month in profit.
Funny how they don’t see the hypocrisy.
On Reddit, you’d get the same anti-work, anti-landlord, pro-freebies crowd, but we also had a reasonably well trafficked real estate sub. I haven’t found a good place to talk about home purchasing, repairs, and dealing with real estate agents on this site.