break it down for me

I was having this conversation with a co-worker recently. He was buying a second home with the intention of renting it to his brother "at cost." Which is to say, his brother is paying the mortgage while he gets the equity. When I pointed out how fucked up that was, he agreed and bought the house anyway.

I've had one decent landlord, too. one was just okay, but on principle I disagree with him because he owned like 20 properties and was a realtor. the other four just sucked.

but the decent landlord, holy shit were they ever good. cheap af rent on a long since paid off shitty little house for student housing. actually mowed the lawn. renovated the kitchen one year, like, actually well. not fancy, just well done. pretty sure it was just his last house that they upsized from, so no large portfolio or anything. I'm okay with that.

"lol" said the scorpion

"lmao"

Only do this after buying your own home then

Or idk, probably just don't do it at all I guess. The landlord here is an asshole, but he's a symptom of a systemic issue, not the cause of it. He goes bankrupt and the house gets bought by the next opportunistic asshole who probably will charge the next tenant even more rent, especially if he doesn't get as good a deal on the mortgage (interests are up compared to 7-8 years ago after all). And you'll have a permanent mark on your record.

Now of course if this was done by millions of tenants at once... That would really be something. Probably crash the housing market altogether, make houses affordable again

What record?

Bacon grease goes down the drain in those apartments

Flippers are the bane of human existence.

The apt I started renting in the middle of COVID started at ~850 bucks. Which was at least 100 bucks higher than the previous renter (i talked to her and she paid less than 800, most likely around 700 bucks). At some point they sent me a letter saying, "we didn't increase rent during COVID but our expenses require us to do it right now so this is your new rent. At least in my country they are capped at the rent increase, but I was thinking like, what the fuck are you on about. You made at least a 100eu increase profit in rent in comparison with the previous renter since i started living here, and you have the fucking audacity to say you didnt increase rent because of COVID? Go fucking hang yourselves. Landlords are parasites and parasites should be eradicated.

I don't think they could.

They do.. they run a small grocery store that actually has whole foods with fresh fruits and vegetables and modestly priced meats that isn't horribly expensive and maintain the most affordable apartments in the entire city.

Right downtown.

In what is now an overpriced retirement ghetto filled with million dollar starter homes owned by insufferably stuffed old shirts and 3.5k per month apartments rented to Boston commuters.

They work their asses off to build an actual community of native residents.

Pretty much everyone they rent to has local resident ties here to what used to be a working class, working port city.

Your cynicism is noted, but you make some incorrect assumptions. It's not ALL as bad as you think out there. Find those gems, they do exist.

I mean, I rent the upstairs of my house, and I work and my fiance works. I raise the rent when I have to and don't when I don't. I've found that regardless of how good I try to be to my tenant, there will always be people that call me a leech.

I wanted a house. I bought a house. A big one, for a really good price. I've put work into it, building it's value. As stated, I work to pay bills, as well. But, the extra money from my extra resources (livable, maintained space with working amenities), is earned and I do work for it.

That said, it would, also, be silly to think that I would let a stranger live in the house that I am working to pay for, for free.

I don't know that word in dept, but there are alternatives that became more popular in recent years, like "sex worker" (Sexarbeiterinnen).

To me, it sounds like an alternative word for slave owner. Probably because of the "lord" part in the word.... Gives me feudal vibes, too.

"Landlord" is too respectful of a title. Read the OOP again. Landlords are unemployed moochers living off their tenants' hard work & paychecks. The tenants have real jobs. The tenants are the ones who are out in the world using the culmination of all their education to contribute to society by working honest productive 9-5 jobs.

∗ahem∗