574
submitted 11 months ago* (last edited 11 months ago) by ObviouslyNotBanana@lemmy.world to c/lemmyshitpost@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] twopi@lemmy.ca 0 points 11 months ago

Don't make your problems everyone else's.

You can just buy a REIT.

Imagine the contractor that works for a REIT. Should they get full rent because they broke their the same way as you? Or hourly, just like my roommate?

You get the rent because you're a landlord, not because you work hard.

If working hard on a property, instead of owning it, meant getting all of the high rents then the REITs' contractor should be collecting rents instead of the REITs but that obviously doesn't happen.

Don't defend landlording. Oppose it, you can still be one, but just oppose it.

Would you make the same if you sank all of your money in investments and work a second job as a contractor? Same story but different results?

If you had long term tenants and but they owned the property but contracted you? You would still work hard and be compensated for the work isn't that enough? If the work the justification for your rental income then why not just be a contractor instead of an owner? And better yet leave the owning part to the people who live there.

[-] RandomCucumber@lemm.ee 0 points 11 months ago

So instead of buying a home that needed a lot of work and spending a lot of money locally in order to accomplish that work and making minimal (if any) profit, I should just give my money to an investment firm who will be both shittier AND more expensive to renters, while siphoning money away from that local market?

Please explain how me investing in a REIT rather than actual real estate solves your problem.

this post was submitted on 15 Nov 2023
574 points (89.4% liked)

Lemmy Shitpost

26697 readers
3689 users here now

Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!


Rules:

1. Be Respectful


Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.

...


2. No Illegal Content


Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means:

-No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)

...


3. No Spam


Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.

...


4. No Porn/ExplicitContent


-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.

...


5. No Enciting Harassment,Brigading, Doxxing or Witch Hunts


-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.

...


6. NSFW should be behind NSFW tags.


-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

...

If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.


Also check out:

Partnered Communities:

1.Memes

2.Lemmy Review

3.Mildly Infuriating

4.Lemmy Be Wholesome

5.No Stupid Questions

6.You Should Know

7.Comedy Heaven

8.Credible Defense

9.Ten Forward

10.LinuxMemes (Linux themed memes)


Reach out to

All communities included on the sidebar are to be made in compliance with the instance rules. Striker

founded 1 year ago
MODERATORS