this post was submitted on 22 Apr 2024
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A Boring Dystopia

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[–] [email protected] 50 points 8 months ago (103 children)

I am a landlord and also have a full time job. I also spend my time fixing my units.

With the maintenance cost and taxes, I'm actually losing money or breaking even depending on the year.

My tenants are living in a house that they wouldn't be able to afford on their own in today's market. Being able to live near their work.

So why am I the bad guy?

[–] solstice -3 points 8 months ago (2 children)

You're not, Lemmy is just filled with young naive quasi communist morons. It's really breathtaking how dumb this community is, financially.

[–] TokenBoomer 6 points 8 months ago

Sure. We’re all edgy 14 year olds who have never worked, paid rent, or a mortgage.

Moralizing about landlords isn’t really the point—it’s not about the individual it’s about the social role in society. The reason landlords are bad is because their social role extracts wealth from the system and from their tenants and is nonproductive in economic terms. Yes, many landlords take advantage of this social position and act egregiously, but there are landlords who are kind and generous to their tenants. But this split doesn’t mean anything in the larger social context, which is why moralizing about these things isn’t generally productive. Same goes for capitalists as well.

[–] [email protected] 3 points 8 months ago

sorry that i dont want to dump 10s of thousands of dollars into a property that i will have no stake in, or ownership over.

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