Thank you! My post was overly emotional and it triggered me when I read you were landlording. Like — I have no issue with you drawing multiple wages, but then using that money to extort rent from working class folks just was a bridge too far for me.
As a renter I have experienced some really dirty actions from landlords, and given the drop in housing inventory, landchadding just seems exploitative with no gain for society.
There are many better investments that do not involve such depriving folks of the housing stock, don’t have the stress of dealing with people and better returns. Leasing property is like lazy stupid money that could do better elsewhere.
I don’t think money makes one evil. But one can use it in evil ways. I have done well over the years but I always to to consider what impact my investments have on the world or society.
Just because you have had a bad experience with a landlord does not make all landlords bad. Just like you probably had a bad experience at a restaurant, does that mean all restaurants are bad?
This isn’t a good analogy. And landlords like to delude and justify that they are not one of the bad guys to themselves. They say oh that’s just your experience with bad ones. No, the entire system is rotten.
If restaurants went round gobbling up the food supply and then the only place to eat was at exploitative prices, then yeah, all restaurants would be scum.
I think it's an apt analogy. You seem to be implying that all landlords are huge corporations that are gobbling up all the properties out there.
Individual landlords like myself are small time. I'm pretty much a mom and pop restaurant and you're criticizing me like I'm the McDonalds corporation.
I personally know 80% of my tenants and they've been renting from me for years.
As a renter I have experienced some really dirty actions from landlords, and given the drop in housing inventory, landchadding just seems exploitative with no gain for society.
There are many better investments that do not involve such depriving folks of the housing stock, don’t have the stress of dealing with people and better returns. Leasing property is like lazy stupid money that could do better elsewhere.
I don’t think money makes one evil. But one can use it in evil ways. I have done well over the years but I always to to consider what impact my investments have on the world or society.