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this post was submitted on 29 Sep 2023
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Can't wait. Maybe then we can finally afford a decent house instead of our tiny apartment-style condo.
Not worried if we can't sell, cause we can always rent.
Woah don't use that R word around here, gonna have people calling for your death because you're exploiting your renters even if you treat them well.
Seriously. I rent out two apartments and people act like I’m a slumlord.
You are a middleman who provides no value. The difference between the people paying you and yourself is one earns their daily bread while you rest on the work of the past. It is enough that you are getting money, don't expect us to like you just because you can legally do your "work" slightly worse.
The value I provide is taking over the risks and responsibilities of owning the apartment. Not everybody is willing or able to take out a loan of that size. The tenant maintains their flexibility of moving wherever they want or need to at relatively short notice. If there’s problems with the apartment I must figure it out, not them. It’s not my job by the way. The rent my tenants pay covers the bills I get for owning the apartment. I‘m employed somewhere else. What is your idea of doing it differently? Must housing be just free for everyone? Or everybody must just buy? I’m generally curious!
Whatever you tell yourself at night.
Why do you think that is? All this raw anger directed at a member of our economic class? Maybe, just possibly it is because everyone has had at least one shit landlord and they know that said landlord got away with it and is still out there ruining another person. Nah crazy talk. It must be totally random.
Wow, neat logic. Hey, now that you mention it, I've met a shitty person or two in my day. Guess I should call for the death of all people, hmm?
Wait, this couldn't possibly be the same exact logic most racists use to justify why they hate X race, could it? Naw, I guess this landlord is just "one of the good ones," huh?
OR maybe all X aren't Y just because some X are Y.
As exciting as this sarcasm battle seems, you have made up your mind that all X are in fact Y and nothing I say will be able to change that, so I'm going to have to decline, sorry.
How many security deposits have you stolen this past month alone?
Well, first off your reading comprehension needs work, I'm not the landlord so "0."
Secondly, with him only owning two apartments and people typically signing a year lease, theres about a 2/365 chance on any given day, and that's assuming 100% "keep" rate of security deposits, no renewals, etc.
Or did you think "two apartments" and "two apartment buildings" is the same thing?
I think it's still gonna be tough. The prices will go down because of the high interest rates, but they'll stop at the point where people are able to make the payments again. People who buy at that time will pay about the same as they would have, just less on the principal. If the interest rates go down they will do very well after refinancing.
In my area I've definitely seen it slowing. When I bought my house a few years ago, right after lockdowns, a place would be on the market for a day or two and they'd have tons of crazy offers. It took a while to find a place because of this. Now two houses on my street have been on the market for over a month.