this post was submitted on 30 Aug 2023
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In the last year my mortgage has ballooned by over 1k a month from 1600$ to 2700$. In that same period my basement tenant has seen her rent increase 0$.
Why? Because mortgage rates and affording my house are not her problem. That's the responsibility I assumed when I bought the house. I don't intend to raise her rent now or any time in the future.
Sadly, I keep being painted with the same brush as all the other quite frankly shitty people that call themselves landlords.
I dont think you can be seen as a very bad landlord like the scum some are if you rent your basement in a fare manner. I believe owning multiple homes to rent them AND get a return on your "investment" when you sell them due to crazy inflation since all the homes are owned by the same groups makes them bad. I don't know your situation so I don't judge... Yet. lol.
When you sell that house, what percentage of the sale will you be offering to your tenant? Their income has been helping to build your equity, and mitigating your financial burdens after all.
Being "one of the good ones" only counts for so much when the very nature of what you're doing is exploitive.
Yes, because landlords as a very base idea should not exist. Sure you're being a "good" landlord, but the concept itself is having other people pay for the thing you own, while they get nothing of that investment.
The idea that landlords shouldn't exist is one of the most ignorant and thoughtless rage memes going around right now. There are many many many situations where people need to rent rather than purchase, and without landlords there is no renting.
Rentals can (and should!) exist without landlords.
Someone has to own the building genius. That person is the landord. The only alternative to having a corporation or individual as the landlord, is having the government or a coop as a landlord. There is a place for those, but sorry I'm not for communism, that can't be the only option as otherwise we run into the well known problems with communism, no competition leads to shit quality, which is generally what you get from government run housing.
Name a single situation that couldn't be solved in any other system
The fact is if we seized all the rental property from landlords tomorrow it would only improve the situation in this country.
Landlords contribute nothing to the economy. They exist only to take money, make a passive income by doing pretty much nothing. Lmao, I guess they have to call a plumber every now and then, or post an ad on Kijiji
Bro, you're a scalper. Landlords shouldn't exist.