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Fucking leeches (lemmy.dbzer0.com)
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[-] AeonFelis@lemmy.world 8 points 3 weeks ago

How does the second tenant pay their mortgage? One apartment's rent should not be enough to cover the mortgage of four (or five - including the one they live in). My guess is that they only payed all the mortgages for these four properties and this is about the mortgage of the apartment they live in.

The cheat code to a stress-free life is to own lots of real estate to being with.

[-] Soup@lemmy.world 5 points 3 weeks ago

Oh, some rents are getting crazy and the buildings were purchased 10-20 years ago so the mortgage isn’t that high. It’s all a scam.

[-] SkunkWorkz@lemmy.world 3 points 3 weeks ago

Of course they mean their own personal mortgage. The mortgage of the property they rent out is already covered by the tenant.

[-] OceanSoap@lemmy.ml 1 points 3 weeks ago

I mean... Maybe they don't have a large mortgage? Maybe they put a large sum down and got a good interest rate?

[-] AeonFelis@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

Having lots of wealth to begin with is always a good idea.

[-] yemmly@lemmy.world 1 points 3 weeks ago

Because they’re liars trying to show off?

this post was submitted on 08 Mar 2025
310 points (96.4% liked)

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