Landlord: "(dead serious) That's not my problem!"

They're the foundation of society, I say!

property is theft

it's insane how deep propaganda has drilled into the heads of people where you have to specify the socialism is democratic

I mean, you can go one further and establish public utilities that ration resources per capita instead of charging a vig on top of the production cost.

Why do I need UBI and wages if I can just claim a vacant apartment and be guaranteed power/telecom, of which their are millions nationally?

We could divert the tens of billions (converted to energy/man hours) we're throwing away on AI subsidies and everyone can live a comfortable middle class life free of charge.

There are some people who own a bunch of properties and their job is maintaining them and dealing with the paperwork. And then there are some people who passively collect income and have a management company do that with no real connection to the place...

Depends a lot honestly - in my experience, there's two types of landlords.

1. The person that inherited/bought an apartment, but doesn't want/can't live in it right now (because it's really remote, for example). They often buy these as "retirement homes", so something they can live in when they no longer work. While they don't live in it, they rent it to other people. The reason for that often is because their job requires physical presence and renting an apartment near their job is just cheaper if you factor in rent from the bought property.

2. Large corporations that buy up houses left and right, make a few minor changes that classify as "modernizations" and then jacking up the rent by 33%. Those can go fuck themselves.

This omnious "landlord" that owns like 10 properties and only lives off of the rent is rare. I know a single person that does that, he inherited a company from his dad, sold it like 30 minutes after he became owner, built 3 houses with 4 apartments each and is now chillin. And I don't even feel like that's a "bad" thing, because he has literally built those houses - they would not even exist without him.

He could have been the type of parent to charge their children rent once they turn 16.

my father is an engineer, government contractor, and Zionist. I wonder sometimes if the Palestinians are paying for my nursing degree right now.

I think the idea is that even if you only break even after mortgage and expenses, you gain equity in the house and eventually own the house which you then have at your disposal. You can continue to rent it out without the expense of the mortgage, or sell it and cash in.

The landlord I know that makes a shit ton of money inherited the homes from their parents.

I was able to refinance my home at 2.8% during COVID. Now I'm paying less than $2k for a 2200 sqft home. I've got neighbors who are paying $4-6k for equivalent housing.

My mom, who bought her home in the 90s, has the mortgage fully paid off and only owes real estate taxes (around $12k annually) on a 5000 sqft property.

A lot of landlords simply inherited their homes or had enough credit to buy cheap units during the dips.

They also do a shit job of maintenance. But it can't be overstated how much of this property is either owned on extremely low interest credit or fully paid off.

My landlord makes 48k a year off where I'm living. I can easily see how he's making money.

you make money if you don't have a mortgage.