I remember looking up just the air b&b’s in the Portland metro and there were over 4,000…..

A large majority of the rest were being rented.

The wealthy are buying it all with no regulation.

There should be one home per family in the suburbs. One vacation place and your house. No one needs 10 properties, get rich another way you greedy terrible fucks.

Because the only way to escape an exploitative system is to become an exploiter...

Mooching off of others to fund your life style and giving nothing back in return

opens envelope

What's something considered classy if you're rich, but trashy if you're poor?

I know people like this. They truly believe like they are doing society a favor by buying up houses and renting them out. The disconnect from reality is wild.

Well this is gross. Its extremely had to buy ONE property, to exist in, if you dont have Bank of Mom and Dad to rely on.

If it would destroy the economy if everyone did it, then it should not be doable in the first place.

Here's a tip poor people; just have money!

Same people will be looking for a govt bailout when the real estate market collapses.

All so that none of their tenants can afford any of those four things without constantly struggling!

All i had to do was just buy 4 houses? Damn. I'm rich!

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.

How is this legal.

Step one: Have a shitton of money to buy property to rent out.
Oh, you don't have enough money? Hhm, have you tried not being poor?

I used to have my own place before my wife and I got married, and she had her own house too. When I moved in with her I decided to rent out my place to a friend, otherwise I'd have to still pay like $650 a month for my mortgage. I set my friends rent at $900 a month for him and a friend, with cats. I paid my mortgage and had some extra to save up in case a repair was needed. Average rent for an apartment (not a house) was 1200-1500 in the same area. My renters ended up taking better care of the house than I ever did. It was beautiful when they lived there. I ended up making about 5k to 10k extra bucks over the course of a few years and my mortgage was paid for me. Eventually they had to move out due to some issues between the two at which point I sold the house and made over six figures(net profit, not gross), off a house that cost less than $80,000 when I bought it.

See what I did there? I charged a reasonable rent and still made a totally stupid amount of money off of just one property. I wasn't a goddamn parasite who tried to bleed my tenants for everything they were worth.

People like these total shitbags. They're the reason why America's youth have no future

Henry George's ideas will catch on again someday, hopefully.

They act like everyone could do this.

If everyone did this, the system would fail, because the profit here is scooped off the top with no actual production or service.