Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?
Please explain your reasoning as well.
Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?
Please explain your reasoning as well.
Landlords aren’t inherently evil - it’s a useful job… a good landlord will make sure that units are well maintained and appliances are functional. A good landlord is also a property manager.
Landlords get a bad name because passive income is a bullshit lie. If you’re earning “passive income” you’re stealing someone else’s income - there’s no such thing as money for nothing, if you’re getting money and doing nothing it’s because someone else isn’t being properly paid for their work.
How many landlords actually do it as a job? And how many just collect the checks and hire bottom of the barrel contractors for anything that involves work? In my experience it’s been the latter.
I think most of the older landlords were like this but their renters are very reluctant to move. The landlords that suck have high turn overs - and recently there’s been a wave of idiots buying apartments to park their money and get “free” income - so the environment is actively getting worse.
I have never had a single landlord where this isn’t the case, except in instances where they are too cheap to even hire professionals to do things that they don’t have the skill to do, and they get their dipshit son to “fix” the sink that fell clean out of the kitchen counter with a lumpy bead of clear silicone and a 1’ piece of 2x4 wedged underneath.
Another thing that pisses me off is that I’m literally paying >100% of the cost of the property over time, yet they retain full ownership. It’s an investment with essentially zero risk, if you have a tenant that isn’t a racoon.
Not sure I have a good solution for that issue, honestly, but the idea of it irks me.
My overall position boils down to: Housing should never generate profit. A landlord can take pay for the work they do, and put money aside for maintenance, but there should never be a profit made on rent.
This was less of an issue before as we could save to buy property. Now we must inherit
So basically, a good landlord doesn’t make any actually passive income? That makes sense. I just see a lot of people on here saying things like “we should kill all landlords” and they just sound ridiculous to me.
People speak in absolutes as it gets the point across. Also socialism is pretty hot here I myself am a democratic socialist and I have said “kill landlords/rich/owner class” but in reality when the socialist party get in the owner class wont be murder but forced to pay more taxes, slowly forgo they’re business and property.
So who’s to say that’s how it’s going to go?
Because fundamentally there’s nothing wrong with landlords as people. They live in an unfair system and they’re doing what’s best for them. That’s true of the vast majority of people. Change the system, create one where doing pro social things are rewarded, and landlords will become beneficial actors. Honestly, this is true for the vast majority of people. Very few people really need “the wall”
it may not but as a guess, society tends to move inline with bettering the human condition capitalism was better than mercantilism but still leaves many to suffer, so socialism is the natural direction unless something comes up that we haven’t thought of yet.
Lemmy is filled with a lot of extremists. Nuanced thinking is in short supply here.
The internet is filled with a lot of extremists. Nuanced thinking is in short supply here.
And if you have any nuanced opinion on anything, you get called an enlightened centrist who only wants half a genocide.
Lemmy is particularly bad when it comes to topic like landlords
The fact that this comment and the replies to it are all evenly upvoted and downvoted definitely helps your point lol
I do live in amazement that my original comment about landlords not being inherently evil wasn’t downvoted into the ground.
To emphasize this, I’ve had both types of landlords:
One apartment I moved into was available because it was the owners residence, but he had to move away for two years because of his job. He wanted to move back afterwards, so he put some money into refurbishing an already decent place, and rented it out to me at a price that mostly just covered mortgage, maintenance, and wear & tear. Best landlord I ever had.
Afterwards I spent two years in a typical predatory unit that was a normal house, but had been, as cheaply as possible, been renovated/converted into a place meant for packing as many renters as possible. It was expensive, there was always something wrong, it took ages to get anything fixed, and it was obvious that the owner who lived elsewhere only used the peiperty as passive income. The only reason why I stayed that long was economic desperation, and a housing market that was awful.
So basically, a good landlord doesn’t make any actually passive income? That makes sense. I just see a lot of people on here saying things like “we should kill all landlords” and they just sound ridiculous to me.
There’s a lot of teenage edgelords on here. Or at least people with that level of maturity.
People have some myth of passive income. I sold all my rentals because they were taking to much time. I never turned a profit but it was good for my taxes. If you want to slum lord you can turn a profit but even I dislike those people.
Market rent is basically set by current home costs. Any long term owners who have 15+ year old tax base essentially get to pocket the difference due to lower property taxes. Any newer buyer who is renting can only cover costs.
That is incorrect. I can tell you’ve never rented to people rent is set by the market. Supply and demand.
It doesn’t matter if the house cost 800k. If the market rent is 2k a month. That’s all you’ll get.
In the area where I had my rentals, the houses are 500k but the rent is only 1k. Now I bought in 2008 and only paid 120k. So only lost some money but I made it up in tax benefits.
People really don’t understand the economics of landlords. They think it’s all money in the pocket. It’s not. It’s a very thin profit margin with most the benefit being taxes.
I can tell at a glance you’re really bad at math. 🤦♂️
I am very good at math but thanks for the worthless reply.
Maybe you should just give up
Ah the creepy stalker again. Creepy.