• doctorcrimson@lemmy.today
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      1 year ago

      Yeah, honestly, small town landlords and building owners have to keep up repairs and constantly monitor the situation so that the tenants don’t burn down or cause an infestation that tanks a 200k USD miminum (it goes a lot higher from there) investment that wouldn’t have been payed off for 13 more years as per the contract for deed.

      They also have to file all the receipts, run background checks and keep documents on their tenants, and keep their leases up to date. All of this has to be securely stored for like 6 years.

      There is a lot of risk involved in getting shelter to people who need it the most in the USA. Not everything can be a charity, if you’ve got a problem with that system then you don’t have an issue with landlords you have an issue with corporatocracy and real estate moguls on a much larger scale using a necessary resource as a semi-fungible currency. More than 1 in 20 homes in the USA are owned by Chinese investors. I’m sure there are some bad apples but the majority of non-affiliated landlords are just doing what they need to do to minimize financial risks and stay afloat.

      Sometimes things like Lawyer Consultation Fees, Eviction Serving fees, Vacancies, and Water Damages forcing you to replace the flooring, the boards, some insulation and vents… It can run into the negative multiple months in a row. Sure they get some of it back after Tax Season, but they still had to pay in Quarterly Taxes up until that point so in order for it to work they need a lot in savings.

    • Annoyed_🦀 @monyet.cc
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      1 year ago

      Yes, nothing. Except for repair and maintenance and servicing all those cost and insurance and worrying the tenant doesn’t pay and all those headache people never forsee. Nothing.

      • lolcatnip@reddthat.com
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        1 year ago

        You mean all the stuff they can easily outsource and still make a profit? You make it sound like landlords are doing us a favor.

        • Annoyed_🦀 @monyet.cc
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          1 year ago

          Nope, i make it sounds like you’re someone that’s never think beyond their own perspective.

          Edit: to add, it’s survivor bias to think that all home owner on earth are earning huge money from the property and can afford to outsource the work and still make profit.

          • lolcatnip@reddthat.com
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            1 year ago

            “Anyone who disagrees with me is living in a bubble!”

            Childish actuations make you sound like a child.

            • Annoyed_🦀 @monyet.cc
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              1 year ago

              Ohh you’re not? Because your point doesn’t seems like you’re anywhere outside the bubble of your own. Maybe try a better argument perhaps? Or you can keep whining idk i don’t really care.

          • jaackf@lemm.ee
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            1 year ago

            “if you can’t fix the problem, just become part of it!” Great advice mate 😂

            • Flumsy@feddit.de
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              1 year ago

              How dare they provide so much value to you that you feel the need to give them a good amount of your money.

              What part is the “problem” exactly?

              • toomanypancakes@lemmy.world
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                1 year ago

                Exactly, as a person of land myself this crowd doesn’t appreciate the amount of effort I put into making the houses I own livable for you profit streams. There are costs associated, which means I’m the one truly being exploited here, not the people paying me to live in my extra home.

          • lolcatnip@reddthat.com
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            1 year ago

            Why don’t I just become a billionaire too while I’m at it? Oh right, because I can’t just opt into having the money to be part of the ownership class.

            • Flumsy@feddit.de
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              1 year ago

              Exactly and where did the money come from? They earned it until they had enough to invest in a house.

                • Flumsy@feddit.de
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                  1 year ago

                  Yes, actually. Where do you think their money came from? (Alternatively their relatives may have earned it, that shouldnt make a difference for you though).

                  • norbert@kbin.social
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                    1 year ago

                    that shouldn’t make a difference for you though

                    How convenient, next you’ll be telling me to just take out a small loan of $1m from my parents.

          • Annoyed_🦀 @monyet.cc
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            1 year ago

            Renting a property you own is a business, and repairing property that you rent out is, unsurprisingly, a business expense.

      • Flumsy@feddit.de
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        1 year ago

        They seem to provide some kind of vakue to you, otherwise you could just buy a house.

        • doleo@lemmy.one
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          1 year ago

          You could just buy a house.

          Can you just step back from the keyboard and realize how stupid what you’ve just said is?

          • Flumsy@feddit.de
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            1 year ago

            The fact that you cant buy a house shows that your landlord is providing value to you, because they make living there affordable where it would otherwise be unaffordable.

            My statement still stands: IF they werent providing any value to you (eg. making living there more affordable) then you could just buy a house. (But they do provide value which is why you can afford to rent but not afford to buy a house).

            • doleo@lemmy.one
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              1 year ago

              Paying a higher amount in rent than a mortgage would be is not making living affordable. They’re exploiting the fact that many people can’t access credit or afford to make a required down payment/stamp duty/legal fees, etc. up front.

              • Flumsy@feddit.de
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                1 year ago

                Alright but wouldnt you then say banks, for example, are also exploiting you (because you have to pay an interest when takking out a loan)? Isnt that also exploiting the fact that many people dont have the money upfront"?