this post was submitted on 09 Dec 2024
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No Stupid Questions

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Reason I'm asking is because I have an aunt that owns like maybe 3 - 5 (not sure the exact amount) small townhouses around the city (well, when I say "city" think of like the areas around a city where theres no tall buildings, but only small 2-3 stories single family homes in the neighborhood) and have these houses up for rent, and honestly, my aunt and her husband doesn't seem like a terrible people. They still work a normal job, and have to pay taxes like everyone else have to. They still have their own debts to pay. I'm not sure exactly how, but my parents say they did a combination of saving up money and taking loans from banks to be able to buy these properties, fix them, then put them up for rent. They don't overcharge, and usually charge slightly below the market to retain tenants, and fix things (or hire people to fix things) when their tenants request them.

I mean, they are just trying to survive in this capitalistic world. They wanna save up for retirement, and fund their kids to college, and leave something for their kids, so they have less of stress in life. I don't see them as bad people. I mean, its not like they own multiple apartment buildings, or doing excessive wealth hoarding.

Do leftists mean people like my aunt too? Or are they an exception to the "landlords are bad" sentinment?

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[–] [email protected] -5 points 2 days ago* (last edited 2 days ago)

According to the lefties, everything should be communal property, and you should be happy for a chunk of bread and two eggs a day.

Why bother what those clowns have to say.

Edit: Thanks for this post by the way, already extended my blocklist by 10+ users.

[–] [email protected] 1 points 3 days ago* (last edited 3 days ago)

I think it depends. If your mortgage payment is $1000 and you're renting the space for $500 then you and your tenant are both sharing the financial burden, and I don't really see it as parasitism like lots of other people.

If you're renting for $1,200 then yeah everyone is going to hate you, no matter how few tenants you have. Even more so if that's your only source of income. Why should someone else be living your paycheck to your paycheck?

[–] [email protected] -3 points 2 days ago (3 children)

They mean everyone. It's inconceivable that anyone would keep any wealth for themselves or their children. To .ml leftists your aunt is the same as T swift and there is no tasteful away to ever possibly have a better situation than they have.

But.

Fuckem :)

Bring me your downvotes.

Nobody needs to be a billionaire, but that's a tax and government problem. Nobody needs to starve, see above. ALSO, stupid people and smart people exist, and sometimes it's YOUR FAULT for being on the dumb end of the stick.

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[–] [email protected] -1 points 3 days ago

"Leftists"

Hmmm....

[–] sibannac 0 points 3 days ago (2 children)

My landlord sends me a legal 14-day notice to pay or leave the day after my graceperiod(first of the month to the fifth) before my first paycheck of the month. This is en lieu of a simple email or phonecall. They communicate with legal threats even though I clue them in on months that would be difficult. The valuation went up on the property recently and I am halfway though a one year lease. They want to increase the rent again but can't do it without improvements and a new tenant.

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[–] Duamerthrax -1 points 3 days ago (1 children)

The only exceptions I can think of are people renting out the other side of their two family house, people living outside their country for a few years, or farmers renting out houses that were already in their property.

None of these started as investments, but rather unique circumstances. I have some queer friends who are moving out of the country for a few years because of Trump, but don't want to commit to immigration quite yet.

[–] [email protected] 0 points 3 days ago* (last edited 3 days ago) (1 children)

Encourage your friends to commit to leaving if they have the means to do so. Within your friends' lifetimes, the USA will never get better than it is right now (and overall it's unprecedentedly bad right now).


To OP's question: I don't really consider their aunt's ownership of a few houses to be a practical problem, and she is generally not who I am referring to when I say that landlords are terrible parasites, unless she overcharges (and no, I don't mean above market rate) or treat the tenants with disrespect. She was told her whole life that investing in real estate is a smart thing to do and provides financial security.

The problem is with lack of regulations, such as how many buildings someone is allowed to own, corporate ownership, rent prices...things like that.

[–] Duamerthrax 0 points 3 days ago* (last edited 2 days ago)

My friends don't need encouragement and are grown adults. I don't tell other people how to live.

Even if they don't end up coming back, having a bit of passive income from renting out their house will help the with the move.

Edit: when I said they don't need encouragement, I meant that they're already fully committed to leaving. Not that I'm disagreeing with their actions.

[–] [email protected] -4 points 3 days ago (7 children)

Radical leftists don't understand that we all benefit from labor, capital, and profit and that they are all morally good.

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[–] riodoro1 -4 points 3 days ago* (last edited 3 days ago) (1 children)

Go invest in nice cars, miniatures, god damn funko pops or stamps.

Not in roofs that belong over peoples heads. People need them, you don’t. It’s that fucking simple.

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