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Maybe the landlord should try living within their means. They should be buying fewer rotisserie chickens and instead get a piece of chicken, a piece of broccoli, a corn tortilla and one other thing.
The population of ethical landlords needs to be massively expanded.
And by ethical, I mean former.
Doesn’t mean he’s living paycheck to paycheck. People often don’t leave a lot of money in checking accounts from which they pay mortgages because checking accounts often offer 0% interest. So if the landlord usually has close to 0 money in his checking account expecting rent to come ahead of the mortgage paynent despite having millions in a brokerage account he’ll still go into overdraft.
Not keeping a buffer that covers any upcoming bills in an account from which bills are automatically paid is deranged behaviour. I don’t care how much interest you may or may not get on that money.
I agree, trying to optimize gains on every dollar sounds great until one overdraft fee knocks out years of work.
Penny’s Will needs to know about the black hole.
I can’t think of any better way to express the sheer absurdity of capitalism in a single meme than this.
This is more of a critique of private landlords than of capitalism. So it’s more of a Georgist than socialist argument.
Shouldn’t be blaming the private landlord for an economic system that leaves homes in a state of such unaffordibilty that you need to split the costs to have one.
break it down for me
Capitalism and parasitic middlemen - name a more iconic duo.
NGL, that’s the situation for a ton of landlords that have a handful of rental properties.
When I got out of school and into my first apartment, the woman that owned the apartment building I lived in lost her other rental building because she’d been on razor thin margins with it.
Also, the guys that lived there had apparently damaged the hell out of it and she couldn’t manage the repairs, so she had the bank take it back.
The family that owns the property that my husband and I have been living in actually own the buildings outright… and we’ve been absolutely lucky in being able to stay in the same space for decades, which we love.
If you find landlords that are good people that don’t jack the rent sky-high, take care of the space and be good to it.
Meanwhile the apt I’ve lived in for 5 years has changed ownership 3 times, each time rents raise.
The apt I started renting in the middle of COVID started at ~850 bucks. Which was at least 100 bucks higher than the previous renter (i talked to her and she paid less than 800, most likely around 700 bucks). At some point they sent me a letter saying, "we didn’t increase rent during COVID but our expenses require us to do it right now so this is your new rent. At least in my country they are capped at the rent increase, but I was thinking like, what the fuck are you on about. You made at least a 100eu increase profit in rent in comparison with the previous renter since i started living here, and you have the fucking audacity to say you didnt increase rent because of COVID? Go fucking hang yourselves. Landlords are parasites and parasites should be eradicated.
Bacon grease goes down the drain in those apartments
I wonder what fraction of the damage caused by that would be felt by the landlord and not felt by you more immediately. Like it needs to be in the part of the sewer lines that affect their property, but preferably not just the ones that affect your apartment, or you inconvenience yourself more than them. And if it goes further, could contribute to problems for your municipality to handle.
I always just rinse my greasy pan with hot water to make sure it doesn’t solidify in my apartment pipes
Flippers are the bane of human existence.
My landlord was like this until she saw housing prices increasing. Decided to divorce her husband and take over the property we were living in. Because of the state we live in and that she had not signed a paper lease with us that year (and we did not bring it up for fear of rent increases), she kicked us out with 30 days notice, after never missing a payment for nearly 10 years. She did move in but now the place is rented out again.
We anded up buying a house by crushing all our savings and overbidding with inspection waived in a market full of house flippers and corporations at the highest prices of all time. We make high salaries and our housing costs tripled, just in time for Trump 2.0 so now all of our other costs are doubled. We are house poor and living like we used to when we had a shitty apartment right after my wife graduated college, when we made less than a third what we do now.
All the progress just to be backstabbed by a landlord. No, I don’t trust them, I don’t trust any of them. Mao was right.
Why didn’t you rent someplace else or go with a cheaper house?
I mean all’s fair for calling out the shitty behavior of the landlord but then your actions after that seem rather self-inflicted, you could have just downsized if you couldn’t afford the place you are in and not become house poor.
I want to drive a fucking porsche, but I can’t afford it without going broke so I drive my 12 year old Hyundai.
They could, you know, actually do work for once?
Like improve society, instead of being a parasite?
They do… they run a small grocery store that actually has whole foods with fresh fruits and vegetables and modestly priced meats that isn’t horribly expensive and maintain the most affordable apartments in the entire city.
Right downtown.
In what is now an overpriced retirement ghetto filled with million dollar starter homes owned by insufferably stuffed old shirts and 3.5k per month apartments rented to Boston commuters.
They work their asses off to build an actual community of native residents.
Pretty much everyone they rent to has local resident ties here to what used to be a working class, working port city.
Your cynicism is noted, but you make some incorrect assumptions. It’s not ALL as bad as you think out there. Find those gems, they do exist.
I mean, I rent the upstairs of my house, and I work and my fiance works. I raise the rent when I have to and don’t when I don’t. I’ve found that regardless of how good I try to be to my tenant, there will always be people that call me a leech.
I wanted a house. I bought a house. A big one, for a really good price. I’ve put work into it, building it’s value. As stated, I work to pay bills, as well. But, the extra money from my extra resources (livable, maintained space with working amenities), is earned and I do work for it.
That said, it would, also, be silly to think that I would let a stranger live in the house that I am working to pay for, for free.
I don’t think they could.
When I got out of school and into my first apartment, the woman that owned the apartment building I lived in lost her other rental building because she’d been on razor thin margins with it.
Also, the guys that lived there had apparently damaged the hell out of it and she couldn’t manage the repairs, so she had the bank take it back.
I swear to fuck, you’re screwed either way. You rent, the landlord takes too much cash, gives you a shitty place to stay. You have renters, they destroy your property and don’t pay on time. Fuck sake.
Don’t pay rent and let him sue. It takes at least 6 months to the court, but he will be bankrupt way before then :3
If he wants housing to be an investment, he has to take the risk too.
Keep in mind having the eviction on your record will make it significantly harder to rent another place in the future
“lol” said the scorpion
“lmao”
What record?
You can find evictions in a background check, which is common to run on new tenants.
Only do this after buying your own home then
Or idk, probably just don’t do it at all I guess. The landlord here is an asshole, but he’s a symptom of a systemic issue, not the cause of it. He goes bankrupt and the house gets bought by the next opportunistic asshole who probably will charge the next tenant even more rent, especially if he doesn’t get as good a deal on the mortgage (interests are up compared to 7-8 years ago after all). And you’ll have a permanent mark on your record.
Now of course if this was done by millions of tenants at once… That would really be something. Probably crash the housing market altogether, make houses affordable again
The banks make money whilst its slaves point fingers amongst themselves.
Yeah, the landlord here is nothing more but another wage slave looking for a way to be less dependent on his wage/salary when the mortgage of his rental property is finally paid off. A symptom of a larger issue, maybe an asshole, but probably just trying to provide for his own family like we all are. Doesn’t sound like a millionaire.
∗ahem∗
I mean yeah exactly, the corporate ones are the bigger problem. This is just one guy. The corporate landlords are pricing even the private landlords out of the market, let alone first-time homebuyers.
Blackstone’s real estate divison in particular should be disbanded and its’ assets sold at auction to private individuals ONLY. Everyone (not here, but in general) talks about Blackrock, a company that mostly focuses on providing ETFs and other financial instruments, while Blackstone is literally out there buying up America’s single family homes and people barely talk about them.
sold at auction to private individuals
Then you’re still not comprehending the problem:
Housing should be FREE.
You are FREE to live in a homeless shelter.
Who will build houses for FREE? Who will pay for the materials?
It’s a nice idea in concept, but a fucking moronic when it meets real life.
I am all for social housing and rent-controlled housing owned by towns and cities.
But all housing being FREE is stupid…
How is this different than literally any small business owner that doesn’t collect payment on the spot, like a lawn guy, for instance?
The lawn guy is actually doing something in exchange for that payment. And him not being a lawn guy would probably not make it easier for you to enter the lawn care industry
Yep, and Minnesota doesn’t seem to get it either.
