I know people like to shit on landlords, but owning and properly maintaining a home properly requires a ton of work and money. You should be spending 1% of your homes value on maintenance each year, which many people don’t/can’t budget for.
A good landlord takes care of that mess for you.
I know several people who sold their homes and moved into apartments because they were sick of the hassle of home ownership.
Don’t get me wrong, I have no plans of doing that myself, but the ever growing list of maintenance tasks is getting exhausting.
Even you know you’re wrong with how you use “should” and “good”. It means you know many don’t do these things and you justify the whole by the exceptions.
I know people like to shit on landlords, but owning and properly maintaining a home requires a ton of work and money. You SHOULD be spending 1% of your homes value on maintenance each year, which many people don’t/can’t budget for.
A GOOD landlord takes care of that mess for you.
I know several people who sold their homes and moved into apartments because they were sick of the hassle of home ownership.
Don’t get me wrong, I have no plans of doing that myself, but the ever growing list of maintenance tasks is getting exhausting.
Also your anecdotes are terrible. I know way more than several people who would do mostly anything to own a home and when surveys show “…(88%) would rather own their home than rent, nearly half of those who currently rent fear they’ll never own a home.”
https://www.lendingtree.com/home/mortgage/homeownership-renting-survey/
How is this not believable lol? You act like renting is some kind of degradation and owning is some kind of release from slavery.
Lots of things about home ownership suck donkey balls, and there are lots of benefits to renting. I’ve done both for significant chunks of my adult life, and while my life situation is currently such that I prefer owning my place, I can absolutely see myself opting to rent under certain circumstances.
but owning and properly maintaining a home requires a ton of work and money.
It doesn’t. Not at all.
Dude, there’s a plumbing problem. You call a plumber. Dialing that number and talking for 10 minutes was not hard work.
Even if you physically are doing the fixing, which would be in the ‘hard work’ category, you are not there 9-5, 5 days a week for most of the year.
Landlords even pay people to manage their properties. Now they only have one expense a month, the managers pay. With auto-pay from banks, now they don’t have to think about that. Zero work at all. They can sit on their ass while their bank account goes up. Their tenants working 40 hour weeks and much of their pay goes to this person that is not doing anything to help them. The property manager takes care of all that. He doesn’t have to contribute at all.
I’m very sure you’re not taking a loss by renting out your property… that money pays for the maintenance. And the surplus, which, let’s be honest, is a lot… will go into your pockets.
Here in India the situation is really fucked. People buy appartments with loans. Rent it out… pay off the monthly loan payments with the rent income. It’s literally free real estate for the rich.
I know people like to shit on landlords, but owning and properly maintaining a home properly requires a ton of work and money. You should be spending 1% of your homes value on maintenance each year, which many people don’t/can’t budget for.
A good landlord takes care of that mess for you.
I know several people who sold their homes and moved into apartments because they were sick of the hassle of home ownership.
Don’t get me wrong, I have no plans of doing that myself, but the ever growing list of maintenance tasks is getting exhausting.
That’s not the work of a landlord. That’s the work of a plumber.
You are nothing but a parasite. A ticket scalper for being alive.
Who’s downvoting this truth?
Bots, Trolls, or spoiled rich kids who think the world is just.
Yeah, that money comes from the rent that the tenants are paying. This isn’t rocket science, it’s financial competence.
If you’re a business owner, but can’t budget in expenses then you’re a bad business owner.
This is the reason why some people recommend we have a landlord licence. We’re playing with people’s living conditions here.
This is why some landlords delegate those tasks to other people (e.g. tradesmen, property managers, etc).
Even you know you’re wrong with how you use “should” and “good”. It means you know many don’t do these things and you justify the whole by the exceptions.
Also your anecdotes are terrible. I know way more than several people who would do mostly anything to own a home and when surveys show “…(88%) would rather own their home than rent, nearly half of those who currently rent fear they’ll never own a home.” https://www.lendingtree.com/home/mortgage/homeownership-renting-survey/
Fuck landlords.
If you’re going to lie, at least make it believable.
How is this not believable lol? You act like renting is some kind of degradation and owning is some kind of release from slavery.
Lots of things about home ownership suck donkey balls, and there are lots of benefits to renting. I’ve done both for significant chunks of my adult life, and while my life situation is currently such that I prefer owning my place, I can absolutely see myself opting to rent under certain circumstances.
You’re entitled to your opinion, even if it’s wrong.
It doesn’t. Not at all.
Dude, there’s a plumbing problem. You call a plumber. Dialing that number and talking for 10 minutes was not hard work.
Even if you physically are doing the fixing, which would be in the ‘hard work’ category, you are not there 9-5, 5 days a week for most of the year.
Landlords even pay people to manage their properties. Now they only have one expense a month, the managers pay. With auto-pay from banks, now they don’t have to think about that. Zero work at all. They can sit on their ass while their bank account goes up. Their tenants working 40 hour weeks and much of their pay goes to this person that is not doing anything to help them. The property manager takes care of all that. He doesn’t have to contribute at all.
I’m very sure you’re not taking a loss by renting out your property… that money pays for the maintenance. And the surplus, which, let’s be honest, is a lot… will go into your pockets.
Here in India the situation is really fucked. People buy appartments with loans. Rent it out… pay off the monthly loan payments with the rent income. It’s literally free real estate for the rich.
You’re right, but the demographic on this site means you’re always going to get downvoted straight to hell.