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It's called risk. You want the outsized returns of being a landlord? Then you take the risk that your tenants won't pay and you will be on the hook. You don't g

It's called risk. You want the outsized returns of being a landlord? Then you take the risk that your tenants won't pay and you will be on the hook. You don't get a free lunch sorry.

PragmaticPulp 5y ago
The issue is the eviction moratorium has forced landlords to house people for free for over a year. The government changed the rules of the game and left landlords with the bill. That’s the problem.
a-posteriori 5y ago
The issue with your argument is the government chanced the eviction rules ex post facto. Yes, the poster is taking the risk that they tenants cannot pay, but they also took that risk with the assumption they could evict them and replace them with a paying tenant.
- omgwtfbbq 5y ago
  Then you failed to properly understand the risk associated with being a landlord. State and Federal laws can always change and can affect your landlording accordingly, your failure to account for that doesn't absolve you. I will never shed a tear for landlords and the bootlickers in this thread are really pathetic.
- rcpt 5y ago
  So, if I owned stock in Denny's and the government banned indoor dining I should get my losses refunded?
  - nickthemagicman 5y ago
    If the government bans indoor dining, losses are the least of your worries. If the government has the power to ban dining there is no longer a free market or a free country. It's why so many people are moving to Texas. They understand the wisdom of small government.
    - omgwtfbbq 5y ago
      >It's why so many people are moving to Texas. They understand the wisdom of small government. Lol. Yeah small government like banning abortions for millions of women or removing voting rights from more millions. "Small Government" >If the government has the power to ban dining there is no longer a free market or a free country. This is HN, not Parler. Get real.
j_walter 5y ago
Outsized returns...any idea what returns are for landlords? It only takes a single bad tenant to wipe out years of profit (speaking from experience). There is a difference between having tenants not pay and evicting them in 90 days (actual law)...and having tenants you can't evict and are told they don't need to pay for over a year (government changing law on the fly).
whatshisface 5y ago
Risk that you know you're getting in to is fair. Risk created by a sudden, unpredictable and unevenly applied (why are landlords the only investors getting the short end of the stick?) act of the government isn't fair.
nickthemagicman 5y ago
Outsized returns? I'm not saying risk is not present but when the government can destroy a small businesses ability to make money with the snap of a finger like that but the big mortgage companies are still allowed to operate as business as usual and the government is allowed to continue to collect property tax as usual... You're literally supporting the transfer of wealth to the big corporations from small businesses. If you don't see something wrong with that then there's not really hope in talking to you.

It's called risk. You want the outsized returns of being a landlord? Then you take the risk that your tenants won't pay and you will be on the hook. You don't get a free lunch sorry.

PragmaticPulp 5y ago

The issue is the eviction moratorium has forced landlords to house people for free for over a year. The government changed the rules of the game and left landlords with the bill. That’s the problem.

a-posteriori 5y ago

The issue with your argument is the government chanced the eviction rules ex post facto. Yes, the poster is taking the risk that they tenants cannot pay, but they also took that risk with the assumption they could evict them and replace them with a paying tenant.

omgwtfbbq 5y ago
Then you failed to properly understand the risk associated with being a landlord. State and Federal laws can always change and can affect your landlording accordingly, your failure to account for that doesn't absolve you. I will never shed a tear for landlords and the bootlickers in this thread are really pathetic.
rcpt 5y ago
So, if I owned stock in Denny's and the government banned indoor dining I should get my losses refunded?
- nickthemagicman 5y ago
  If the government bans indoor dining, losses are the least of your worries. If the government has the power to ban dining there is no longer a free market or a free country. It's why so many people are moving to Texas. They understand the wisdom of small government.
  - omgwtfbbq 5y ago
    >It's why so many people are moving to Texas. They understand the wisdom of small government. Lol. Yeah small government like banning abortions for millions of women or removing voting rights from more millions. "Small Government" >If the government has the power to ban dining there is no longer a free market or a free country. This is HN, not Parler. Get real.

j_walter 5y ago

Outsized returns...any idea what returns are for landlords? It only takes a single bad tenant to wipe out years of profit (speaking from experience). There is a difference between having tenants not pay and evicting them in 90 days (actual law)...and having tenants you can't evict and are told they don't need to pay for over a year (government changing law on the fly).

whatshisface 5y ago

Risk that you know you're getting in to is fair. Risk created by a sudden, unpredictable and unevenly applied (why are landlords the only investors getting the short end of the stick?) act of the government isn't fair.

nickthemagicman 5y ago

Outsized returns? I'm not saying risk is not present but when the government can destroy a small businesses ability to make money with the snap of a finger like that but the big mortgage companies are still allowed to operate as business as usual and the government is allowed to continue to collect property tax as usual... You're literally supporting the transfer of wealth to the big corporations from small businesses. If you don't see something wrong with that then there's not really hope in talking to you.