this post was submitted on 23 Dec 2023
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[โ€“] sharkaccident@lemmy.world -1 points 11 months ago (13 children)

Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don't see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.

[โ€“] Alsephina@lemmy.ml 9 points 11 months ago* (last edited 11 months ago)

that price [...] increases with inflation

While the vast majority of wages don't, not nearly enough to keep with inflation. Surely you can see the problem here, right? I agree with op that you should get a real job.

But yeah, putting the blame on individual landlords isn't very productive. The core issue here is the capitalist system that allows landlords to exist in the first place.

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