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that work is done by maintenance workers — unless the landlord is personally out performing all the repairs, in which case they deserve to be compensated for th
by maxmamis 5y ago
that work is done by maintenance workers — unless the landlord is personally out performing all the repairs, in which case they deserve to be compensated for their labor like anyone else. as mentioned below, the maintenance workers mysteriously aren't the ones entitled to a third of my paycheck...
secondly, ask anyone who's ever rented — landlords are notoriously awful at keeping up with maintenance. so if we're considering it a job, then they get paid far more for doing far worse work than any other occupation i can think of. does that not make you angry?
- endisneigh 5y ago> that work is done by maintenance workers — unless the landlord is personally out performing all the repairs, in which case they deserve to be compensated for their labor like anyone else. as mentioned below, the maintenance workers mysteriously aren't the ones entitled to a third of my paycheck... I'm not really following what you're saying here. It doesn't really make any difference whether or not the landlord does the work themselves. Either there's risk, and work to manage that risk, in renting out, or not. If there's not, then why wouldn't everyone be a landlord? > secondly, ask anyone who's ever rented — landlords are notoriously awful at keeping up with maintenance. so if we're considering it a job, then they get paid far more for doing far worse work than any other occupation i can think of. does that not make you angry? Some landlords are awful, yes I agree. Some people are bad at their jobs, you must also acknowledge. You vastly, vastly overestimate how much money an average landlord actually makes. > does that not make you angry? Why would it? If being a landlord is so easy, why wouldn't everyone do it? I like the flexibility of being able to move and not having to necessarily put down hundreds of thousands of dollars up front for property
- maxmamis 5y ago> If being a landlord is so easy, why wouldn't everyone do it? maybe just sit and think about this one for a minute? the answer is that they don't have the capital, which is why it's a relationship of exploitation. by virtue of owning more capital than me, my landlord feels entitled to the fruit of my own labor. it's just feudalism in a new garb, as reflected in the terms we use (landlord/lady)
- endisneigh 5y agoYou don’t need much capital to be a landlord, hence mortgages. If you’ve never owned a house you can put literally 0% down. The reasons to not be a landlord are plenty: - potential downturn in the area - tenants ruining your property - inability to do maintenance affordably - provide basic amenities and keep up with legal obligations can and do change unexpectedly - potential eviction expense and risk - rent collection, as we’ve seen from the pandemic - dealing with people People who think being a landlord is a slam dunk as long as you have the capital and it’s no work don’t know what they’re talking about. Reminds me of people who think running a website is free money because the computer does everything.
- maxmamis 5y agoI never said it was “free money,” i said it was exploitation. just because it takes some effort to extract money from me doesn’t make it justifiable. In other words, here’s the world’s smallest violin for my landlord’s “potential eviction expense and risk” as for mortgages, please show me a worker living paycheck to paycheck who’s been approved for a mortgage for a twelve unit building
- endisneigh 5y agoHow is being a landlord any more exploitative than offering any other service? Tenants are under no obligation to rent to a given landlord or in a given area. Your example doesn’t really make sense - someone living paycheck to paycheck would default on a mortgage even if they got one. It’s for those people that renting makes the most sense. You originally implied that renting out property is not a job, which implies no work. To receive money for doing nothing would be “free.” Anyway, you seem to have an irrational hatred of landlords based on falsehoods. Hopefully you can find solace.
- maxmamis 5y ago> Your example doesn’t really make sense - someone living paycheck to paycheck would default on a mortgage even if they got one. It’s for those people that renting makes the most sense. you just made my point for me — there is a class of the population that is forced into spending a third (often more!) of their income on housing, which is being hoarded by another class. no different from a feudal serf being forced to turn over their hard-won harvest to the nobility. but sure, they can go find another manor to live on, they’re under no obligation to give their labor to this particular lord...