this post was submitted on 26 Mar 2025
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As a current landlord about to extend a lease at exactly the same terms for 3rd year in a row (and I fix everything within 24 hours) - I agree with this too.
It's ridiculous that my largest store of value is a speculation bubble and a piece of paper with my name on it
I couldn't disagree more. All the hatred should be directed at individuals/companies that own a bunch of properties. They are specifically in the business of fucking people.
The thing I hate most is that all of these clowns will tell you you MUST raise rent every year. They also would likely try and murder you if you even got close to forcing them to pay their employees more every year, or even just other people's employees. Keep in mind, if you own the property, you are making money with equity no matter if you have tenants or not. So all the rent is gravy but they want to squeeze people to death because they legally have to maintain their own rentals, which the cost of upkeep is REALLY far below the rent paid. Again, $0 in rent is STILL making money off the property.
One day you'll learn the difference between hard and liquid assets.