You’re in the wrong line of work if you can’t save up a few months worth of bills in an emergency fund. Why am I providing a safety net for you, for free?
What's the easy eutopia solution to housing that doesn't involve anyone renting? I don't really get the end game.
PS Chumbolone if you want I can hook you up with an ABL partner of mine who will fund 40-50% of value, interest only, unsecured. An additional $2.5MM in purchase power serviced at 8k/month.
You are gaining equity in the home as others pay your mortgage. Not particularly interested in learning about the terms capitalists use to define and justify their exploitation
The inheritance didn’t affect my circumstances. Professionally I was well set before I got it. I’d be in the same circumstances without it.
Should be the richer landlords. But the system is broken, so even that doesn’t happen. All this comes down to you finance and real estate guys not understanding what the word “need” actually means. The only need a lot of you guys know is greed.
I’m convinced BWC’s girlfriend was on some porno where she had to sleep with a fake landlord to forgive a debt
It comes down to not being comfortable with someone like you, who doesn’t have a realistic grasp of much, being the arbiter of what constitutes “need”. Why are you so convinced you’ll be the one to get communism right this time?
Yes, working for the man is the same as accruing equity while making money off said equity in a system that makes it easier for you to keep accruing equity than for the person working for the man. Another tight analogy you’ve offered us. I’m sure there are more.
The guy who hasn’t collected rent in a year where there were multiple stimulus checks, numerous job openings, and monthly child tax credits is the real problem.
Where does the capital to acquire equity and put equity to work to create passive income come from? You’re railing against retirement investments/income too?
Why are you continuing to lean on COMMUNISM! when you said yourself: At least you can still laugh at yourself, I guess?
miami guys being the real estate honchos and defenders of the "small time" landlord is just too perfect
You’re fighting the good fight for a system the each and every day dredges a larger and larger gap between haves and have nots. Why? What do you think makes that sustainable by the time you reach retirement?
It’s not at all what I’m proposing. That’s just your simpleton crutch because deep down you know how much of an asshole you are (in some respects). Wouldn’t be surprised if that’s part of what leads to the insecurity you so frequently show on here. I think you’re genuinely a good dude, for the record. Thus, why you protest so much in conversations like this. We all have aspects of our lives we’re uncomfortable with that are largely the result of functioning in a very imperfect society.
Lol. This is like two of those “we read a machine learning device 1000 pages of…” memes fighting against each other.
There’s a reason for this. Landlords in modern-day communist countries have higher margins than any of you pissants on here could ever dream of. All of you suck. Which is why the red scare tic is hilarious in context.
That's fine. You're just not living down the stereotype when you have significant inherited wealth and you're complaining because people get a break from rent during a pandemic. I'm guessing that wasn't your objective.
If being a landlord is so bad and not financially beneficial like why do you do it? That's the part of the argument that doesn't square.
“i love to do all this work and repairs and shit to barely break even” so you’re either lying or there is something more sinister going on (even if it’s subconsciously which )
I'm pretty sure riner is the only person itt to claim they were not coming ahead by renting a property.
There a definite a "I barely make any money of my properties" going on itt. If you do make money off of it, it kind of feeds into the opposing argument that you're profiting off a basic need.... soooo just say that and not try to pretend it's virtuous. You can't have it both ways.
Yeah I mean everyone knows they're profiting off a basic need whether any landlord explicitly says so or not. My thing in here is that I haven't seen anyone propose an idea that addresses the need for housing that isn't tied to ownership. Clearly nobody is going to let strangers live in their property for no profit. Is massive government investment in low cost/free housing across the country being proposed? It's not virtuous. It's just providing a good/service for a profit like everything else. Someone makes a profit on virtually everything I need.
Robust public housing driving down the incentives for dickheads to hoard property would be a good start
And I'd fully support that. But that's not happening anytime soon so...I'm glad someone rented to me even if they made some money.
Or in this instance, we could have just paid the landlords directly to keep people from being homeless.
Most of us ITT would still rent from a private entity of some sort anyway even with a robust public housing system. Most middle class and up people aren't gonna opt to live in public housing. It'll kill off the slum lords though which is undeniably good.
I actually have no issue with the eviction moratorium, it’s the bizarre elation that normal people will also suffer financially and somehow had it coming bc they chose to pursue REI as a side investment/career. The “profiting off needs” argument seems really subjective. The idea that there’s a subjective line/level of what constitutes a need, the arbitrary nature of who is or is not allowed to derive income/profit from it what bothers me. The lack of common sense/knowledge on how REI works (for the average person) is shocking. I just kind of took for granted/assumed any adult with a mortgage, or who has even shopped for or investigated getting one could extrapolate how it works for normal people, how thin the margins can be, the risk, time/work investment and what the payoff is, how it’s achieved, how long it takes to scale, realize gains, derive an income.
Calling it partly a lack of “common sense” is condescending as hell without any justification REI is extremely similar to any financial institution in this country in that it’s cloaked in deliberately obscure and hard to understand language—at least at face value. Yes, if you dig in you will find that it’s not as complicated as it seems, but what reason would most people have to do that?
More like private insurers who act as a middle man and provide little of value. Doctors would be more like the carpenters who built the house in this scenario. I mean think of basic needs like healthcare, food, clothing, broadband and how companies like Comcast, Amazon and Walmart are viewed
Bc most people are renters or homeowners? Fair enough on condescending, but fair assumption to think it was something people were tangentially exposed to by virtue of either being a renter, a home owner, and doing a cost/benefit analysis of renting vs buying, or just plain wondering as a renter, “how much does my landlord make off me?” Sitting down doing some Google research and napkin math, realizing a positive cash flow of a couple hundred bucks a month might not be worth the time/financial investment+risk for the first 10-15 years, definitely not enough to derive an income from immediately without scaling/leveraging up, understanding doing so assumes more financial risk and devoting more time/work, etc. The casual hand waving and confidence with which some on here attack people based on misconceptions and poorly formed assumptions - yeesh.
Comparing a small landlord to someone like Amazon and Comcast is the problem here. It doesn't really fit and makes your argument look like you're just trolling.
Sure the profits are different but the idea is the same. There's going to be friction between those profitting and those being profited off of. No idea how that's trolling