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.
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/
I don’t disagree, and I’ve had landlords that were decent people who took good care of the properties. Still, the fact that someone can neglect their property and make it mainly someone else’s (the tenant’s) problem is just another reason this system sucks.
Exactly. We shouldn’t have to rely on our landlord being a decent person. We should live in a housing market where landlords have to take proper care of their properties or else face vacancy. It should be an actual competitive market, where landlords have to compete to attract tenants, rather than tenants compete to attract a landlord. The negotiating power imbalance is completely wack in so many cities.
Yeah, there absolutely needs to be a board like the labor board that investigates those types of issues for the tenants at no cost to them. I know some places have them, but I think it needs to be a federal system instead of a state/municipality system.
We can mitigate it with responsive boards and authorities, but this disconnect between the owner and resident (the same disconnect that sometimes leads to tenants trashing the property) is inherent to the system. As long as renting a primary residence is a thing, the problem isn’t going away. Not fully.
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.
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.
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.
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).
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.
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.
Removed by mod
I don’t disagree, and I’ve had landlords that were decent people who took good care of the properties. Still, the fact that someone can neglect their property and make it mainly someone else’s (the tenant’s) problem is just another reason this system sucks.
Exactly. We shouldn’t have to rely on our landlord being a decent person. We should live in a housing market where landlords have to take proper care of their properties or else face vacancy. It should be an actual competitive market, where landlords have to compete to attract tenants, rather than tenants compete to attract a landlord. The negotiating power imbalance is completely wack in so many cities.
Yeah, there absolutely needs to be a board like the labor board that investigates those types of issues for the tenants at no cost to them. I know some places have them, but I think it needs to be a federal system instead of a state/municipality system.
We can mitigate it with responsive boards and authorities, but this disconnect between the owner and resident (the same disconnect that sometimes leads to tenants trashing the property) is inherent to the system. As long as renting a primary residence is a thing, the problem isn’t going away. Not fully.
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.
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.
You’re right, but the demographic on this site means you’re always going to get downvoted straight to hell.