1032
you are viewing a single comment's thread
view the rest of the comments
[-] LordOfTheChia@lemmy.world 1 points 8 months ago* (last edited 8 months ago)

Seeing the same thing here. Apparently I'm scum because I'm renting my previous home for -10%/+10% of: mortgage on the lower price I paid 10 years ago, plus property taxes, plus home owners insurance, plus repairs and maintenance.

Apparently I would no longer be scum if I stopped renting it and refused to renew my tenants lease, sold the house and made a huge profit now, and the next person will have to pay brand new closing costs plus a mortgage on double the home value and double the APR.

I'm guessing most folks down-voting the sane responses saying rentals aren't needed have never tried selling a house (and gone 6+ months paying the mortgage for a house you no longer live in) or don't know there's a "break even" calculation that tells you how many years you have to live in the same house before you're better off than having just rented (realtor fees to sell the house, closing costs, time to sell the home where you'll still be paying your mortgage + taxes + insurance, time to close, getting credit approval for a mortgage, etc).

Hell, I did the calculation when I had to move to a new state and I was able to rent a house for less than it would have cost me to pay for closing costs and realtor fees when I would have sold the house 3 years later. Not to mention the time to come up with 20% down payment.

But fuck me for not taking the easy way out, kicking out my tenants and cashing in on the current huge property values to sell my old home.

[-] archomrade@midwest.social 0 points 8 months ago

Again: nobody is saying you're scum, they're just saying it would be better if we didn't have landlords.

But if you like to play the victim go off I guess

[-] LordOfTheChia@lemmy.world 2 points 8 months ago* (last edited 8 months ago)

Maybe follow the thread?

https://lemmy.world/comment/9580949

Edit:

it doesn't make you a martyr to barely break even, it still makes you a parasite.

[-] archomrade@midwest.social 0 points 8 months ago

Idk what you meant to link to there but I saw no personal attacks

[-] LordOfTheChia@lemmy.world 2 points 8 months ago

Updated with the specific quote. The sentiment of which has been echoed in this thread multiple times.

[-] archomrade@midwest.social 0 points 8 months ago

That is certainly pointed language, but they're calling landlords leaches. In the Adam Smith economic sense of the word, rent seeking is non-productive economic activity and could certainly be described as 'leaching' value.

It feels shitty to be tied to that word but they're not making a statement about your moral worth, they're making a statement about the roll you're filling.

this post was submitted on 22 Apr 2024
1032 points (81.3% liked)

A Boring Dystopia

9773 readers
825 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago
MODERATORS