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Fellow home owners, are you ready for the housing market to crash? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[-] MrBakedBeansOnToast@lemmy.world 2 points 1 year ago

Seriously. I rent out two apartments and people act like I’m a slumlord.

[-] afraid_of_zombies@lemmy.world -2 points 1 year ago

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.

[-] MrBakedBeansOnToast@lemmy.world 3 points 1 year ago

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!

[-] afraid_of_zombies@lemmy.world 0 points 1 year ago

Whatever you tell yourself at night.

this post was submitted on 29 Sep 2023

346 points (95.1% liked)

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