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I've had two good small landlords and a few bad ones, and all corporate landlords have been bad except for one that was okay aside from the semi annual fire evacuations for the laundry room

the good landlords were renting at fair prices and doing honest work. the bad ones were overcharging for students and not doing a fucking thing, including several months where the basement was slowly flooding through the foundation and I had half my carpet pulled up

I don't have a problem with the good landlords who rented out their long since paid off crappy but maintained place for students at fair prices. it's the hoarding, price gouging, and not putting a fucking cent back into it that pisses me off.

There should be nothing wrong with owning multiple houses. But your property tax should be adjusted on every house you own depending on the number of houses that own. It should be completely cost prohibitive at a certain point to own more than 2 or 3 homes. It should kick in after a year or two, so that it gives people more than enough time to purchase a new home, fix it up or renovate, and then time to sell the previous house. Owning houses shouldn't be a profit-making venture.

Societal problems should be solved by the government, not by individual actions.

It's like... I try to think of what an "ethical landlord" might look like, and I just can't picture it. Realistically the only """service""" they provide is not having to save for a down payment and fixing things that break*(I know they don't, but I'm trying to imagine what it would take for one to be ethical, so they actually would be in this hypothetical)*. The things a land lord will take care the ability of their tenants to build equity. That's the benefit of owning. Pro-landlord people will say landlords take the risk of property values decreasing, but that's pretty rare. Especially considering landlords inherently are taking up stock. So to be generous I'll assume property value is static.

Even in this crazy optimistic, crazy generous hypothetical, land lords still rob tenants of equity because they aren't able to get a down payment together. The only thing I can see making it fair is the landlord gives that equity back, either by charging exactly what the property's mortgage is or transferring a portion of the ownership over every payment and... Now wait a second... This sounds like... BANKS. A MORTGAGE. Seriously. Every time I try to imagine what it would take to really really be an ethical landlord it just comes back to being a bank or mortgage.

Maybe there's some place for folks to act as very very small banks and give a mortgage to someone like this, but like... It's so convoluted.

TLDR: I view them as leeches even when I'm giving them every benefit of the doubt in a favorable hypothetical.

I don't know how they could miss that. It is very clearly a satirical post. No rich people are either that self aware or interested in outing themselves as greedy useless pieces of shit.

Its real like the goldmen Sachs elevator

Yeah this one or the bicycle meme

Landlords don't care if your rent is sustainable for you in the long term. They have nothing to lose if at one point you can't afford it anymore, someone else will.

Banks on the other hand care very much if you'll be able to pay your loan in full. Even with the house as collateral, it's much better for them if you just paid your loan instead of them having to deal with all that.

Had that happen a few years ago. Banks are in on the landlord scheme and they can go fuck themselves. Unfortunately it's literally impossible to live without a bank today. At least in my country.

If something were to happen, and you couldn't make rent, you might get evicted, which would be inconvenient.

If something were to happen, and you couldn't make the mortgage, the bank might lose money, which is unconscionable.

Yes.

The fact that we have to ask this is the point I think.. Hilarious post btw! 🤣

The guy said "these houses, ...each" so he could own the whole area and jack up the rents, not be a small timer. But yeah, it's not the person renting out Grandma's old place to help pay for her nursing home.