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submitted 11 months ago* (last edited 11 months ago) by ObviouslyNotBanana@lemmy.world to c/lemmyshitpost@lemmy.world
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[-] JoMiran@lemmy.ml 51 points 11 months ago* (last edited 11 months ago)

Being mad at an independent landlord is like being mad at the dog shit you just stepped on instead of the motherfucker that didn't pickup after his dog.

Many independent landlords are people who decided to take her everything they had on a derelict home that nobody was going to buy, fix it up, and make it available. These are people that dream to get out from under the boot and are willing to bet it all for a chance. A landlord with one or two rentals are probably struggling to keep their head above water and almost for sure have a full time job as well as the maintenance of the rental, and probably the fixing up of another.

This is how the system is rigged. If you want to mortgage a house, you need to have a lot of money down, steady income, and a good credit score. Mortgaging a fully remodeled house in order to rent it doesn't work because you'll never be able to rent it for that much. Mortgaging an ugly house to rent doesn't work most of the time because you need to remodel it "nice" and you need to find a tenant willing to pay a premium for a pig wearing lipstick. Most times, even when the house is done up, the neighborhood isn't. Next up, if you want to mortgage a derelict house that you plan to bring back from the dead, wether to rent or live in, YOU CAN'T. The only way to buy those homes is cash. In other words, neither homebuyers nor wannabe landlords have access to the only homes that might provide a good value. Wanna guess who can? Investment funds. They are the ones raping renters, not the poor schmuck that's trying to play the game the way they were told it was supposed to work. That schmuck is fucked, they just don't know it.

My wife and I owe the current life we lead in great part to a lady that decided to rent her duplex to two college students for $275 twenty years ago. She died and her daughter sold all the houses the lady owned (she owned the entire street in that ghetto) to a fund. Each duplex (meaning, half a house) now goes for $1200 (still a ghetto) and now requires a credit check and two months deposit.

Get mad at the rigged system, not at the other suckers stuck in it. Don't be a crab in the bucket.

EDIT: There are good independent landlords and there are bad ones. There is no such thing as a good real estate investment funds.

[-] halferect@lemmy.world 1 points 11 months ago

How about not hording property? Did she have a house? Did she need to own a entire ghetto? I have no pity or empathy to people who own multiple houses and rent them.

[-] JoMiran@lemmy.ml 6 points 11 months ago* (last edited 11 months ago)

She and her husband literally restored an entire street that had been derelict since the Louisiana oil crash by using her husband's pension and disability after having destroyed his body working on the rigs. Literally abandoned homes that they fixed, made livable and rented, without credit check or any other bullshit, for affordable prices. Our street was the only safe street in the entire neighborhood, and also the only one where the homes were in good condition. Nobody wanted this homes. Nobody had the means or desire to fix them. Stop trying to manufacturer villains around the narrative you're being fed. People can't afford homes because of funds and companies specifically designed to hoard shit. That's why prices are skyrocketing.

[-] Cannacheques@slrpnk.net 1 points 11 months ago

Agreed. The average landlord is playing the long game for themselves but isn't much of a target and can't do much about the market as a whole, it's usually about a lack of collective pushback across the board that allows things like rents or food prices to spike or shift above CPI and inflation ranges, I won't pretend to know what I'm talking about because there's obviously a lot of factors involved that myself and many others all have yet to figure out, but I don't think landlords are the only people we should be mad at, that's just biting your friend or caretaker rather than looking for a systemic answer that provides collective benefit

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this post was submitted on 15 Nov 2023
585 points (89.8% liked)

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