Ok, you gonna go build your own house then?
Ok, you gonna go build your own house then?
Oh ffs, being a private landlord owning a few houses for rent is not a risk-free endeavor and not purely parasitic. You typically have to fix up the properties first (an investment), do work to vet renters, manage the property (maintenance effort/time/cost), and absorb the risk of bad renters destroying the interior. The landlord has to invest their own time and money to provide a livable shelter to others, who exchange money for not having to deal with all the above listed. That livable shelter is a big freaking deal, or why else would someone choose to spend money on it?
Companies developing monopolies on rental markets is a very different scenario, and I don’t think it should be legal. Small private landlords? Yes.
All these commenters completely unwilling to consider the details of what you said. Got a slice of REIT in my retirement fund for exactly what you said.
It is amazing how it transforms day to night. Completely unremarkable during the day, ugly even… But so cool at night.
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Thanks, that immediately fixed the issue for me!
Oh this sounds amazing. Do you have a link with more info so we can check it out?
The risk of being a landlord is exactly why I don’t do it, and invest elsewhere.