If you can’t afford to maintain a house you are renting out then you shouldn’t be a landlord. Your friends could just as easily sell the house to a family and invest in a way that doesn’t require them to maintain an asset they cannot afford, but instead they choose to keep it and profit as much as they can. Landlords are assholes.
This view kinda confuses me, I’m not a landlord don’t worry! If people can’t afford a house then what are they expected to do? It’s all well and good saying if you can’t afford the repairs then you shouldn’t be a landlord but if you can’t afford a house, what then, does the same sentiment apply?
It seems to me it’s very much a problem with the ‘system’ . Aiming your hate at landlords in general makes no sense when they aren’t the reason you don’t own a house in the first place. Obviously some people do take advantage of others, that’s not what I mean.
What is the solution here?
If I could wave a magic wand, I’d limit the number of houses people could own and how much wealth any 1 person could have…
But the problem still stands, people need enough money to get a house in the first place… So how does that work?
If you can’t afford to maintain a house you are renting out then you shouldn’t be a landlord. Your friends could just as easily sell the house to a family and invest in a way that doesn’t require them to maintain an asset they cannot afford, but instead they choose to keep it and profit as much as they can. Landlords are assholes.
This view kinda confuses me, I’m not a landlord don’t worry! If people can’t afford a house then what are they expected to do? It’s all well and good saying if you can’t afford the repairs then you shouldn’t be a landlord but if you can’t afford a house, what then, does the same sentiment apply?
It seems to me it’s very much a problem with the ‘system’ . Aiming your hate at landlords in general makes no sense when they aren’t the reason you don’t own a house in the first place. Obviously some people do take advantage of others, that’s not what I mean.
What is the solution here?
If I could wave a magic wand, I’d limit the number of houses people could own and how much wealth any 1 person could have…
But the problem still stands, people need enough money to get a house in the first place… So how does that work?