All these cucks can blow me. I own a house in a mid-west city with a low cost of living and PLENTY of available housing. I have more space than I need and rent out half the house as an apartment. I’m charging below market rate for rent and have not increased rent since 2018. Same tenants for 5+ years. We get along great.
I still have “liberals” call me a piece of shit simply because I am a “landlord”. Nevermind that I am not exploiting anyone, and the alternative is that I don’t rent out part of my house and then there will be less housing - but lack of housing is part of the problem, according to them. I am both the problem and the solution? Or all these people are fucking idiots who are just obsessed with labels and culture wars.
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.
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.”
All these cucks can blow me. I own a house in a mid-west city with a low cost of living and PLENTY of available housing. I have more space than I need and rent out half the house as an apartment. I’m charging below market rate for rent and have not increased rent since 2018. Same tenants for 5+ years. We get along great.
I still have “liberals” call me a piece of shit simply because I am a “landlord”. Nevermind that I am not exploiting anyone, and the alternative is that I don’t rent out part of my house and then there will be less housing - but lack of housing is part of the problem, according to them. I am both the problem and the solution? Or all these people are fucking idiots who are just obsessed with labels and culture wars.
New here?
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.
Of course, there are other reasons why people might be angry with landlords.
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.”