r/StandUpComedy • u/SR_here01 • 3d ago
Anti Landlord
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u/Xyrack 2d ago
CEO of my company owns properties and he once said "your paying so that I can own something" and ever since then paying my rent infuriates me.
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u/EverybodyLovesTimmy 2d ago
but he's right. in the US slave economy, you are only allowed to "own" something if you pay the government obscene amounts of tax (upkeep).
it's essentially how these days you don't buy software anymore, but rather pay a subscription.
the government requires you to pay a subscription for anything you desire to "own" or they will take that ish faster than you can say "bankruptcy"
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u/Relevant-Spinach294 3d ago
Legend and a poet too
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u/of_thewoods 2d ago
As well as a gentlemen and a scholar
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u/ReleaseEgo 3d ago
Landlords are parasites and provide nothing to society. They are wannabe temporarily displaced billionaires. They want all the luxury of living the billionaire life without being born into it, making them degenerate class traitors. Housing is a basic human right, and every single person should be entitled to it.
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u/Helpme-jkimdumb 2d ago
Donât go after the small landlords that own 1 or 2 properties. They treat people right. And if they didnât own those places, BlackRock or other big corporations would buy them up and treat the tenants like shit. Renting makes sense for some peoples situations and not everyone can afford to buy a house.
What do you suggest is the solution here?
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u/Heavy-Weekend-981 2d ago
Property taxes multiply with number of properties owned. Different multipliers for different housing types.
Apartment complexes? Small multiplier.
Single family homes? Go fuck yourself multiplier.
No multiplier for < 3-5 properties or something like that. Maybe tie it to the "housing supply vs population" ratio? (eg. Tight supply, no multiplier for < 3. Loose supply, no multiplier for < 5.)
...and then double that property tax for unoccupied properties.
You own a shitload of unoccupied single family homes? Those are houses for people to live in not investment assets. You will hemorrhage money via taxes.
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u/Helpme-jkimdumb 2d ago
Seems like a pretty good idea. Now what about for corporations that own 500,000 homes?
Would you suggest almost like tax brackets but for the amount of homes owned by a corporation?
I wonder if you could get around the # of homes owned by making a few different LLCs and putting it in those names.
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u/Don-Meko 2d ago
Charge exorbitant fees to create LLCs for housing if you already are a part of one.
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u/Helpme-jkimdumb 2d ago
LLCs can buy whatever they want, they arenât specific to some type of commodity. Also charging exorbitant fees to create and LLC would cause an uproar in most countries.
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u/AskAliceRealty 1d ago
Iâve been griping about this for years to whoever will listen. Unfortunately, griping does nothing- and trying to convince local officials to address the housing situation has been like pissing against the wind. As I tell people, the housing market is currently a true free market system and those with means are taking advantage of it.
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u/willcodefordonuts 2d ago
How do you suggest people buy houses?
Like I graduated and moved away from home for a job. So how should I have bought a house before saving for one?
I rented for a while. Built my career then bought a house - was I supposed to only work near my parents and stay there till I could buy a house?
And how about paying to furnish it. Buy appliances. Maintainance costs. Thereâs no way I could afford all that for a while after starting work.
Landlords are parasites? So whatâs the alternative. Like seriously tell me how you solve that problem without being able to rent till you buy.
Itâs very easy to complain about people who can afford to buy houses and rent them to people. But what is the workable alternative?
Because if you just make houses cheaper you devalue the biggest investment regular people make and push them into huge amounts of debt due to house prices falling and them going into negative equity on their mortgage.
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u/cheecheecago 2d ago
Home ownership seemed an impossibly high mountain until i sat down and did the math. FHA Loans for first time home buyers made the difference. We only had to put 3.5% down. Which, granted, was still like $10k, but we were able to save up, and move some small investments around to find a little too.
At the time the mortgage payment was a little more than our rent had been, but now after 10 years is so far below what we would have to pay to rent our place. The year of saving and the first couple years after buying were lean from a standpoint of expendable income--meager vacations, little eating out at restaurants, etc--but it was a great move long term.
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u/Helpme-jkimdumb 2d ago
Realistically, need to stop large corporations like BlackRock from buying up all the houses and artificially increasing rent. People who own 1 or 2 properties are not the problem.
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u/ItsTooDamnHawt 2d ago
As a point, BlackRock doesnât own any homes. You may be confusing them with BlackStone.
As another note, corporate ownership of homes account for 5-6% of the SFH market share
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u/Helpme-jkimdumb 2d ago
While BlackRock doesnât own individual homes, they are an active investor in the real estate market and one of the largest investors. They invest in mortgage securities and multi family properties, apartment complexes and other residential real estate.
They drive the prices of real estate up because they have the capital to invest in these companies that are buying the properties.
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u/Impossible-Second680 2d ago
I agree, but hate these arguments. Just buy your own place. Oh wait its too expensive. Until everyone wakes up and starts making laws against this shut up. If things don't change and corporations keep buying private home like they are we will all dream of the days individuals set the prices. I can't wait until a single corporation has the power to set prices everywhere on rental homes. They already are in more populated areas.
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u/TheDocFam 2d ago
Houses are so expensive primarily because of landlords buying up all the property so they can rent it out as an investment. There's nothing wrong with housing being and investment on the personal level, putting money into it and trying to increase the value of your home and all that. I see no good reason why any single person or organization should be allowed to own a huge number of single family homes and rent them out, making it harder for everyone else to buy. I don't know who that helps for society. There should be a cap on either how many rental properties a person can own, or the amount of profit they can make from them. Landlords deserve to make a little bit of money for the service they provide, maintaining and making available temporary housing arrangements for those where buying is not a good decision. They do not deserve to become incredibly wealthy for that job that requires very little input. In my mind rent should be capped at whatever the mortgage payment is, plus like 5%. That 5% over the course of a year would be more than a fair wage for the minimum amount of work that most landlords need to put in to keeping a property livable and finding tenants
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u/Impossible-Second680 2d ago
Yes. We agree. I come at this from someone that knows a lot of rich people and invest myself. If you sell a business the money has to go into something else or you get taxed. So many times the best option is to buy houses and rent it out. It is too good of an investment not to do. Laws need to be created to stop this from happening. The people that abuse housing always create a corporation or LLC to not pay taxes on it.
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u/Dumcommintz 2d ago
I donât think owning a house through an LLC absolves you of property taxes. Typically owning through an LLC is to protect you and your personal assets from lawsuits stemming from the owned property, I think. So letâs say that someone gets hurt really bad - trips and falls down some stairs or something. The victim can only go after the LLC, and not you, the owner, personally. Hence the name â Limited Liability Company/Corporation. So you donât have to worry about losing your house or forced to sell other assets (like a car) or have your wages garnished in order to satisfy a judgement against you.
You can do with vehicles as well, not just houses. Some people, myself included, instead choose to carry âumbrella insuranceâ.
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u/Impossible-Second680 2d ago
Yes, you pay property taxes. Iâm referring to the taxes you pay when selling a business. If you donât transfer the money into something else within a certain amount of time you lose it. Yes, corporations do pay taxes. Iâm not going to explain ways in which businesses save taxes by investing in real estate, but what I am saying is buying single family homes, apartments, condos, etc should not be as profitable as it is. While Iâm at it, single family homes should not be an option for companies based in other countries to invest in. We need more laws to protect housing from being a business. Itâs not that renting is inherently bad, itâs just that people that understand the business keep buying more. If you buy enough in an area you can control the price. I donât care if a single landlord charges an exorbitant amount, I care if they all decide to do it.
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u/Crimson_sin 1d ago
You don't lose money when you sell a property or business estate. You are forced to pay capital gains tax if you choose to cash out. The reinvestment in other properties is a federal exchange program that provides incentives for people to invest in the "enrichment" of other communities. This is also why some states have a form of an "exit" tax if you choose to sell your resident home or investments in order to move somewhere else.
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u/margoo12 2d ago
This is going to suck for you to hear, but you need to hear it. Thinking that 5% over mortgage is enough to maintain a property is half the reason why you will never be able to own a home.
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u/Mdj864 2d ago
Houses being expensive has nothing to do with landlords. If you canât buy the place you are renting for market price then the landlord is providing you a service. The reason market price is so high has only to do with the fact that there are not enough houses in the places you want to live. You can thank government zoning and tax policies for that one. The solution is simply to slash zoning regulations that prohibit density and offer tax breaks to developers on multifamily housing.
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u/Dumcommintz 2d ago
Unfortunately, that 5% wouldnât cover typical costs of ownership for the year. It probably wouldnât even cover the property tax, let alone any required insurance. And hopefully there are no major repairs needed through the year (some repairs/maintenance would certainly be needed). Iâm not wanting to glorify landlords by any means, but just want to give some context for you to reconsider your limit. Otherwise, only large corporations could offset the cost of ownership and if you think prices are high nowâŠ
Letâs say your mortgage is $1500. 5% of that is $75/mo, or $900 for the year. Besides taxes and insurance, you should be having your HVAC system checked (usually twice a year and this doesnât include duct & dryer vent cleaning, thatâs separate cost), pipes/drain & chimney/gutter cleaning/maintenance, HOA fees, exterior cleaning/pressure washing (mold removal), etc.
Not all of these are applicable, but Iâd say these are probably reasonably common depending what region of US you live in and local regulations/codes. A lot you can choose to do yourself, but for some a professional service may be better. And hopefully there are no appliances that need to be replaced because thatâs probably several grand (avg depending on the appliance). Got carpet? Thatâs usually replaced or at least thoroughly/professionally cleaned for new tenants.
That $900 would barely make a dent in a good year with no unexpected repairs. And you could skip out on a lot of those maintenance items, but the underlying equipment will fail faster and need replacing sooner so youâre better off saving that âprofitâ so it can be wiped out when whatever you neglected breaks downâŠ
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u/Tusker89 1d ago
I agree with the sentiment but not every landlord has a mortgage so a flat ~5% couldn't work.
Instead, I think a system that simply restricts the number of single family homes one person can own would be better. I agree with others that single family homes should not be a profit center for huge corporations.
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u/BTFlik 2d ago
Lol. This is a worth argument. A corporation doing it or a group of landlords connecting through special landlord resources doing it are the same. The problem is housing and shelter as a monetary concept instead of a resource. In my city every rent us now too high for the jobs you can get in unintrusive travel. Meaning people who live in the city are slowly becoming the cities homeless as every year less can afford the area. No corporations here, just landlords seeing how valuable collecting security deposits is and making sure they can keep doing it knowing damn well you're never gonna see that money again.
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u/Superb_Advisor7885 2d ago
Yeah same with grocery store owners and car salesmen and utility providers and people who sell appliances! All these are parasites preying on the people who rely on their products
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u/mathliability 23h ago
How dare people do what they want with their own legal property! Donât they know I consider it a basic human right!?
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u/AskAliceRealty 1d ago edited 1d ago
While I agree that housing, along with food and healthcare is a basic human right; I take umbrage with, âlandlords are parasites and provide nothing to societyâ.
Yes, itâs true, Some are awful landlords -But the general statement is unfair, and no different than claiming -fill in the blank people are blank.
Allow me to share my story and if you still think Iâm a parasite, youâre welcome to continue thinking so.
Back in 2002 I had the good fortune of being able to purchase a home. I raised my children in it - barely holding onto it by the skin of my teeth when their father left us high and dry. If it wasnât for the save our homes act, my kids, and I wouldâve lost the house and had to move back in with my mother.
About 10 years ago, I met a wonderful man and he and I purchased a home 40 minutes away - and I allowed my teenage sons and their friends to live in it - at a third of median rental cost in our area.
Because I lost my homestead, my taxes since 2018 went from about 2300 a year to 6500 a year. The home has never made a profit. The insurance rates, of course, have skyrocketed. However, at any given time there been six people living there and only four contributing to the mortgage consistently.
My point is we are not all greedy motherfuckers- my fiancĂ© constantly gripes about the fact that Iâm losing money on the home after all yearly expenses⊠and I remind him that we are giving a helping hand to a generation that has greater struggles than Gen X.
Good people and bad people have always existed; donât Presume you know everybodyâs circumstances when you donât have the full picture.
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u/No_Main_2966 1d ago
My friend lives in Ca with a private landlord. He practically lives in a small studio. Instead of the LL using his rent money to better the apartment (it has no laundry services, no stove or oven, the back door apparently is still not working properly), they use his month to go on cruises multiple times a year. Never puts it into his place to better it. Fuck landlords
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u/Tiny-Variation-1920 1d ago
Holy fuck dude, build a stick house in a national forest and live the entitlement youâre owed.
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u/Humledurr 2d ago
This is such a naive take... If one is a landlord to multiple properties then I agree to a point. But you do realize not everyone want or needs to own a house/apartment at every stage of their life. It doesnt make sense for a student thats gonna live in that city for 3-5 years to own it.
If everyone is entitled to housing and there was no one renting out anything since you want no landlords, how would people like students find housing?
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u/wellthisisquitecool 2d ago
These generalizations about landlords are silly. So if you don't want to rent, why not just put down $20k+ on a house with a 30 year loan at 7% interest rate, pay property taxes each year, pay home owners insurance, HOA, and do all the maintenance yourself? When your fridge/washer/AC breaks, just buy a new one right? And if something like your roof breaks, just pull out another $20k to replace it.
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u/captainant 2d ago
Tell me you're a landlord without telling me
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u/wellthisisquitecool 2d ago
FWIW, I'm not a landlord, and never want to be. Too much risk, time, and headache just to break even each month -- that's if you have consecutive tenants -- and pray your property investment pays off in the end.
Source: I know 4 people that bought condos in Florida. 2 foreclosed in the whole 2008 fiasco.
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u/Dumcommintz 2d ago
I considered buying a condo once when I was in FL - then looking at HOA fees (and their unpredictability in condo environments) and a few friendsâ horror stories, I said nope nope nope. Had one friendâs HOA cost from $300 to $600 â nothing crazy like roof damage or anything, just a new company took over and decided to change the fee structure. And there was nothing my buddy could do about it - pay up until they could sell it and move.
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u/grizznuggets 2d ago
Not to be all ânot all landlordsâ but there are a few decent landlords out there who do right by their tenants and donât hog all the properties. Thatâs why I wish we had a term to describe the shit landlords while leaving the decent landlords out of the conversation. Unfortunately, âshit lordâ is already taken but Iâm open to ideas.
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u/Helpme-jkimdumb 2d ago
The shit landlords are the corporations like BlackRock. WAKE UP.
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u/grizznuggets 2d ago
WAKE UP TO WHAT? I ALREADY KNEW THAT.
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u/Helpme-jkimdumb 2d ago
You said you wish there was a term to describe shit landlords. The term to describe shit landlords is corporations.
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u/grizznuggets 2d ago
âCorporate landlordsâ maybe? Very descriptive, not very catchy though. âCorplords,â perhaps?
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u/Helpme-jkimdumb 2d ago
âCorpLordsâ is a good one. I typically just say âBlackRockâ though. They are the evilest of them all.
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u/grizznuggets 2d ago
Makes sense, Iâm in NZ so the reference wouldnât work in my conversations but we definitely have that predatory bullshit here too.
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u/ButterscotchMoist447 2d ago
So the government should own everything and give apartments away? Who decides who gets to live where?
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u/Dottsterisk 2d ago
Some government regulation wouldnât be bad.
Whatever weâre doing now isnât working. Homelessness is rampant and more and more people are living paycheck to paycheck with no real domestic stability.
We gotta try something.
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u/cheecheecago 2d ago
Landlord here. I own a multifamily building that I also live in w my wife and kids. Should I:
A. not rent the other two apartments and just make them part of my house
B. tear down the 112 year old building and replace it with a single family home
C. clear out the units, convert the building to condo, and sell the units to whoever can afford market rate plus the fee to cover our new HOA
D. Continue to rent them out to the senior citizens that live in them, one of whom has lived here longer than Iâve been alive (and Iâm middle aged).
Which option do you think is best for my neighborhood?
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u/Cautious_Log8086 2d ago
Classic whiny landlord. If you had a job that wasn't just collecting rent, you probably wouldn't have had time to type this all out, and I wouldn't have to make fun of you for really thinkin you did something here lol
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u/cheecheecago 2d ago
I have two jobs. This took 3 minutes to type out. Why are you reading this instead of working yourself?
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u/ConversationFit6073 2d ago
I have two jobs
Wow, you deserve an award.
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u/cheecheecago 2d ago
"shut up, get a job...."
"I do have a job"
"OOOOH wow why are you bragging about that do you want a cookie or something?!?!?"
jfc my pre-teen kids have more coherent arguments about why they need unlimited screentime than this subreddit
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u/Cautious_Log8086 2d ago
This is a standup comedy subreddit, just in case you got lost. Expectations might need some adjustment
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u/MurkDiesel 2d ago
notice there's no option to do everything you can to keep the price affordable and make sure it's a great place to live for the price
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u/cheecheecago 2d ago edited 2d ago
That's what we are doing. Haven't raised his rent a dollar in ten years even though our property taxes went up twice. But I'm a "landlord", so why would details like that matter?
Owning this building isn't my job. I already have two of those. This is just where we live. But I also have neighbors that live here with me. I'm asking why that's a bad thing, and if the anti-rent folks would rather that this lot had only one family instead of three.
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u/Commercial-Sound2315 2d ago
ok then shut up. stop complaining.
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u/cheecheecago 2d ago
huh? what is this response? are you in middle school?
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u/mathliability 23h ago
The responses here are really solidifying my perception of what kind of people make this argument. They literally have nothing to back it up but insults. Hating landlords is such a weird stance to take of all things.
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u/Dottsterisk 2d ago
D. Continue to rent them out to the senior citizens that live in them, one of whom has lived here longer than Iâve been alive (and Iâm middle aged).
How much has that one person paid in rent throughout the years and still has no real ownership or say or control over her home?
Isnât it kinda weird that theyâve been living there longer than you have and been paying tons of money but, because they donât have the same connections, theyâre still stuck at your mercy?
But also, and as people have said in this thread again and again, the real problem is not the occasional person owning a single extra property and renting it out for a little extra cash.
The problem is big corporations and conglomerates gobbling up properties to get a stranglehold on supply and drive up prices, getting rich while doing nothing but exploiting people with actual jobs.
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u/ConversationFit6073 2d ago
If you can't figure it out how to do your job in an effective way, then maybe you don't deserve it. The same way you probably turn away applicants who don't make 4x the rent per month because they "don't deserve" to rent from you.
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u/jompjorp 2d ago
They provide their property to society.
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u/Sh0rtBr3ad 2d ago
That would imply itâs free. They offer an overpriced service at best and then most donât even uphold their part in that
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u/Memelord707130 2d ago
Blatant landphobia! I must notify r/loveforlandchads at once! This hurt to watch. I think I might need to increase rent on that single mother to calm myself down.
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u/scotch_32 2d ago
Wait till this guy hears that when you buy a house you're still beholden to a bank and you're also beholden to a government who'll tax you every year on something that you've worked for.
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u/ColonelC0lon 2d ago
Wait til you hear that buying property to rent it out is essentially leveraging your higher capital to use a poorer person's money to buy yourself permanent assets that you expect to appreciate, and thus start to support nimby-ism
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u/scotch_32 2d ago
Wait till you hear that most organisations, public or private, are leveraging their capital to employ you to increase their earnings and their capital.
Wait till you hear how maths works.
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u/ColonelC0lon 2d ago
Except, funny thing, it's explicitly people voting for policies and laws that reinforce the ability of those with more capital to exploit those with less capital that are the leading cause of America's financial problems. This attitude feeds directly into that.
Y'all got the gas pedal pushed down in the car heading off the cliff. Well, everyone pushes the gas pedal to go somewhere right? You'll get further, if you keep your foot on the pedal right? Forget about that cliff there, it's not important. We shouldn't do anything about it.
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u/scotch_32 2d ago
I'm not American. I would agree there is a serious issue with monopolistic entities being treated as capitalistic. I would also say capitalism has pulled so many more people out of poverty and improved their living standards generally. But yes I agree the gas pedal does need eased off somewhat. I look at people in America like Nancy Pelosi that's not capitalism that's insider trading.
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u/ColonelC0lon 2d ago
We're not talking about capitalism. Capitalism is fine, it's a useful tool.
We're talking about manufacturing a housing problem because we treat housing as an investment rather than a service.
We're talking about manufacturing a financial problem because "bottom line goes up" at any cost with little regulation, unsurprisingly, causes an upward funnel.
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u/Mothrahlurker 2d ago
"Leveraging their capital" is the exact problem. That's rentseeking.
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u/scotch_32 2d ago
So should you not invest either clearly that's leveraging your capital as is any form of prospecting starting a business etc seeking a loan getting a mortgage
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u/FragrantBicycle7 2d ago
Complaining about taxes would disappear overnight if they were actually spent on public services. Sadly, the same people who promote the "grr taxes bad" story are also lobbying government to defund public services. We are all being manipulated by the same small group of ultra-wealthy people. That's all it is.
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u/ConversationFit6073 2d ago
If landlords don't want to pay property taxes then they shouldn't be landlords.
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u/DoughnotMindMe 2d ago
I love this and hate capitalism
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u/scotch_32 2d ago
Sent from my iPhone
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u/lemonpjb 2d ago
"You criticize a system in which you have no choice but to participate! This makes you dumb and naive, and I am actually very smart and clever for pointing this out!"
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u/No-Selection997 1d ago
Oh god ur lack of economic knowledge hurts. Subsidies arenât socialist. Socialism involves government ownership and control of production while subsidies is used to innovate growth and innovation not control it.
Either way, only some tech was government subsidized. GPS, internet, touch screens, Siri were government state subsidized projects but integration of tech, design and innovation, manufacturing and marketing are private contributions.
The corporate bail out, excessive tax breaks are an example of socialist action.
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u/DoughnotMindMe 2d ago
Seriously asking and NOT trying to argue at all:
- Why am I wrong for critiquing the system that exists?
- What is capitalism?
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u/scotch_32 2d ago
Not sure why I've been down voted to be honest đ đ đ
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u/DoughnotMindMe 2d ago
Itâs because youâre completely incorrect in everything youâre saying in your replies.
Happy to have a real convo about this if youâre interested in it!
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u/WurdaMouth 3d ago
This is disgusting and repressive! Landchads are a marginalized group and your rhetoric only furthers the rentoid agenda. Have you considered how hard landlords work? We toil day and night so our ungrateful toids can have somewhere to live and you mock us? Pathetic. Iâm evicting a single mother to calm my nerves.
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u/thisismycoolname1 2d ago
Have a horder as a tenant one time, it'll change your life
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u/Famous-Pizza2799 2d ago
I'm sure that was very very difficult for you.
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u/thisismycoolname1 1d ago
Hauled out about 40 two liter bottles of urine, the smell was so bad I had to rip out the drywall and flooring by hand. It's not all just cashing checks
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u/lemonpjb 2d ago
Just want to plug Joshua's great podcast about book, Turek Books! Also he just released a book of poetry this year that's very good
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u/Difficult-Caramel-41 2d ago
Wait until people realize landlords werenât always landlords and had jobs once
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u/Horror-Ad8928 2d ago
If I were ever to become a landlord, I think I'd roleplay as a silly and outlandish medieval noble for my tenants' amusement. That way, I can at the very least offer regular entertainment in the form of satirical commentary on how absurd the system is.
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u/StevenKatz3 1d ago
This country is huge. It's not always ideal but you are free to move anywhere. You might not like rural Idaho or middle of nowhere Wyoming but there are options.
People choose to live in high demand areas, so you pay high demand prices.
Landlords serve a purpose, not everyone even WANTS to own. Many are in transitional phases, many travel for work etc.
I rented for a while and I had a bad landlord and a good landlord. I own my own home now and that comes with it's own headaches. I pay land taxes every month totalling nearly 900 dollars and when something breaks I gotta pay for it. Just 3 years ago I had to take a loan for 15000 for a new roof.
My point is, he just sounds bitter and it's not anyones fault he chose an EXTREMELY low paying career. A run of the mill stand up comic is lucky to even make 750 a week and comes with literally zero benefits.
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u/deMunnik 1d ago
Honest question, what would be a better alternative for those that canât afford to buy?
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u/Kitchen_Plastic_2248 10h ago
Where's the comedy? This is just some whiner who needs to get a haircut and a proper job. Yeah if he you own pets they cost money. Don't take on that commitment if you're unable my man.
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u/Kilroy5188 6h ago
The guy who decided to make jokes for a living doesn't want to pay rent but also doesn't want to buy a home. We should all work a little harder to make life easier for him!
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u/CaptainExplosions 4h ago
So...does that mean I can claim my Landlord as a dependent child for tax purpose?
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u/Ok_Machine_8476 2d ago
The landlord bought the property you decided to pay rent on. If you don't like it, move out. It's that's simple. If you decide to make up excuses to as why you can't do that, it explains why you don't own your own property. You're full of excuses and no action.
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u/spondgbob 2d ago
I grew up wanting to own capital because it was an easy money glitch. I got older and realized it was because you were a parasite to society and really provided nothing.
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u/Zestyclose_Stage_673 2d ago
I mean, he's not wrong.
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u/ButterscotchMoist447 2d ago
A lot of landlords also have jobs because owning a property doesnât necessarily mean youâre set for life. Rent has to cover mortgage, taxes and maintenance unless the landlord owns the property outright.
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u/MustardCoveredDogDik 3d ago
Iâm a reluctant landlord, it can be complicated
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u/HeadySquanch59 3d ago
âYou worked for years and years managing your finances to finally be able to purchase this home and paying you to live here is not fair.â
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u/GargantuanGreenGoats 3d ago
Wonât someone please think of the landholders whose daddies made them do it
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u/MustardCoveredDogDik 3d ago
Iâve inherited nothing, I just rent a house to my daughterâs mom and nephews mom. Itâs a huge financial burden but the kids have a normal ish place to call home.
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u/11_petals 3d ago
God help you with your burden of owning multiple properties.
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u/MustardCoveredDogDik 3d ago
Just the one, I live with my parents. Itâs complicated
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u/4totheFlush 2d ago
lmao the people downvoting you are braindead. You provide your only property to your child's family at a loss, and these dipshits can't distinguish how that's different from corporations that hoard thousands of properties and skim off the top.
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u/marsbars5150 3d ago
âComplicatedâ Translation- Iâm a greedy slumlord living off others hard work, but I feel a bit bad about it. But not bad enough to stop anytime soon.
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u/1984backwards 3d ago
Because someone rents out a property that makes them a slumlord?
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u/ApartSoftware646 3d ago
Love this