this post was submitted on 04 Sep 2023
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[–] BonesOfTheMoon@lemmy.world 1 points 1 year ago (53 children)

The very idea of being a landlord is pretty evil though? Like in a housing shortage you're hoarding property and profiting off it.

[–] Catsrules@lemmy.ml 0 points 1 year ago* (last edited 1 year ago) (13 children)

Your assuming everyone wants to own property over renting.

House and property ownership has a lot of responsibility and expenses involved. Your water heater breaks well there is $1000+ your roof needs replacing there is 30K. All of that goes away when you rent as it isn't your responsibility.

If you own property it can be harder and more risky to relocate. I know a few people that bought in 2007 and then were stuck as they couldn't afford to move because they were upsidedown on their house.

Not saying renting is all sunshine and roses. I personally would rather own then rent but home ownership isn't for everyone.

But I do think it is a major problem when you have a few companies buying up all property so no one else can afford it. But I don't think being a Landlord is inherently evil.

[–] willeypete23@reddthat.com -1 points 1 year ago (2 children)

You're still paying for those repairs when you rent, it's just spread out.

[–] Pixel@lemmy.sdf.org 1 points 1 year ago

You are basically insuring yourself against those expenses, which has a premium. If you are good with money and have a savings, you can afford not to pay that premium. Not everyone is in that position or smart enough with money. So many people are bad with money, that stuff really should be taught in school.

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