Current Events > Renting a house? I'll show you something fucked up.

(+) Yeah! (+)

farmers and grocers aren't really "building wealth".

they absolutely are

https://gamefaqs.gamespot.com/a/user_image/1/5/5/AAfLm4AACwy7.jpg
This is the absolute best way to start a conversation with your 6 year old son.

Farmers in general are pretty screwed over and make a little more than enough to run operations

The middle men and chain stores are monopolies now days. Theres some unionization of farmers and ranchers recently to try and take back a more fair stake

If they get a fair stake and start accruing more wealth, does their profession then become immoral?

Is it, though?

Iunno

Iunno

so your first house was $140k lol

thatll buy you a nice sized garage where I live

So why doesnt a tenant buy their own house?

Landlords are scalpers for housing.

Farmers, doctors, sanitation workers, everyone else who provides for human needs are doing work for which they are compensated. Landlords don't produce anything. The best you might say is building maintenance. Given that A) that's often hired out and B) it's still profitable for the landlords shows that the landlords themselves aren't adding any value.

Scalping is a better comparison than farming.

What's the supposedly obvious thing we're missing here? I think it's been addressed.

The best you might say is building maintenance.

They provide housing as a service. Ever had a netflix subscription?

Homeowning is an investment. Why do people expect landlords not to profit off renters

why is being a landlord the only investment thats guaranteed to make a profit?

Farmers, doctors, sanitation workers, everyone else who provides for human needs are doing work for which they are compensated. Landlords don't produce anything. The best you might say is building maintenance. Given that A) that's often hired out and B) it's still profitable for the landlords shows that the landlords themselves aren't adding any value.

Scalping is a better comparison than farming.

What's the supposedly obvious thing we're missing here? I think it's been addressed.

basic human needs as a paid service for which there is no good alternative is problematic. this should be reduced when possible. because of the supply chain capabilities necessary, we need corporations to be involved to do food distribution at a domestic/global scale. housing does not have this limitation

why is being a landlord the only investment thats guaranteed to make a profit?

But they are paying for all the costs, according to the meme

Either they can afford to and landlords are stealing all their labor

Or there's another component that tc willfully ignores

Doesn't TC live in China?

what is to stop the tenant using that money to buy their own house?

bolded portion is correct

e: well, not all

If they get a fair stake and start accruing more wealth, does their profession then become immoral?

I don't understand

Farmers, doctors, sanitation workers, everyone else who provides for human needs are doing work for which they are compensated. Landlords don't produce anything. The best you might say is building maintenance. Given that A) that's often hired out and B) it's still profitable for the landlords shows that the landlords themselves aren't adding any value.

Scalping is a better comparison than farming.

What's the supposedly obvious thing we're missing here? I think it's been addressed.

e are some folks who would just rather rent than buy as a personal choice.

why is being a landlord the only investment thats guaranteed to make a profit?

Accruing wealth isnt immoral, stealing the wealth that someone else creates is.

Because they cant afford to

So they can afford to pay rent, which is generally more than a mortgage, but cant pay the mortgage?

Its hard to buy a house when you need to save up 20-40k for a down payment but you also pay $1500/mo in rent to someone

But they are paying for all the costs, according to the meme

Either they can afford to and landlords are stealing all their labor

Or there's another component that tc willfully ignores

So they can afford to pay rent, which is generally more than a mortgage, but cant pay the mortgage?

what are you talking about

There are a lot of competing options for housing

well the thing is you can pay the full price of the mortgage and taxes without being able to buy a house.

because you need a down payment. So if someone puts 20k down on a 350k place and charges 2.5k for it, hes going to make his money back in less than 5 years.

after that its all profit as long as he has a tenant.

edit:

these comments, like the original one I responded to, make it quite obvious you guys havent bought property before.

Landlords are scalpers for housing.

If you feel so strongly about it, maybe idk, buy a house and rent it out for free since it's so easy and takes 0 effort and doesn't cost any money to maintain a property. You could be helping so many people. Actually, you are incredibly selfish for not doing it. You could be changing the world and providing a necessity to people in need with no effort. Imagine the world of gumdrops and ponies and rainbows and dogs that never grow old you could be creating, yet you choose not to. You should be ashamed of yourself.

It's really as simple as this.

The same people who decry people scalping PS5s and Amiibos but unironically defend landlords for doing the same thing (except now you're paying money into something that doesn't generate wealth for you nor do you get to own it).

It's really as simple as this.

The same people who decry people scalping PS5s and Amiibos but unironically defend landlords for doing the same thing (except now you're paying money into something that doesn't generate wealth for you nor do you get to own it).

have you bought property? your example is totally out of touch with reality

"$350k house with $20k down payment": you aren't buying an investment property with a ~6% down payment

"charges 2.5k for it, hes going to make his money back in less than 5 years.": closer to 15 years, probably 20 if we account for taxes & insurance
https://i.imgur.com/INki6nN.png

"after that its all profit as long as he has a tenant."
except for taxes, insurance, maintenance, and the non trivial caveat of "as long as he has a tenant"

I'm not saying real estate is a bad investment, but it's not this zero effort money printing machine you seem to think it is.

I'm not saying real estate is a bad investment, but it's not this zero effort money printing machine you seem to think it is.

My only issues with the landlords I've ever had was that they would say they would fix something and never actually do it, or in the case of renting from a property company, send someone who knows what the fuck he's doing, but is bound by their stupidity to not be able to fix it the way he wants to fix it....properly.

Case in point very short story, I was renting from a company for 2 months. They had this washer/dryer stack combo in the closet. Problem was that the combo with the dryer hose didn't fit properly and the hose kept getting ripped/cut. Instead of sending me a unit that fit properly they kept sending the maintenance guy to fix/replace the hose which didn't have room to fit properly. He knew it, I knew it, we got along great, but both hated the company. Now I own my own place and can fix things whenever I want. A lot more expensive, but thems the breaks.

I was going to rent out my house at the end of the year for about 800 a month. But with all these man babies constantly crying I think it's just better if I AirbNb it for 80 dollars a day.