• foggy@lemmy.world
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      1 year ago

      A lot of landlords are in fact huge holdings companies.

      I hope this clears things up.

      • BB69@lemmy.world
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        1 year ago

        People on the internet seem to think a landlord is one guy scamming hundreds of people.

        If you’re landlord is an individual, most of the time they’re renting the house and using the funds for a big expense, most of the time mom’s nursing home bill

        • Clent@lemmy.world
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          1 year ago

          Bullshit.

          Most of them are people trying to earn passive income so they claim they are financially independent.

          • Alto@kbin.social
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            1 year ago

            It’s such a weak argument too. The majority of renters aren’t renting from your neighbor Joe who’s renting out his basement, they’re doing so from property management companies who sole existence is to exploit the fact that nobody can afford a home anymore

          • HubertManne@kbin.social
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            1 year ago

            Im my experience landlords who actually live in the place you do. Like a two flat. Are pretty good.

          • BB69@lemmy.world
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            1 year ago

            I’m guessing you’ve never talked to an individual that’s a landlord, have you

            • Alto@kbin.social
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              1 year ago

              I interacted regularly with plenty of them in a former job. Most of them drove cars worth more than I made in 2 years. They weren’t renting just so they could pay for granny’s retirement

              E: sp

              • BB69@lemmy.world
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                1 year ago

                Most landlords own less than two properties as noted here.

                So they either have a higher paying primary source of income, or you do make money per year.

                • Alto@kbin.social
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                  1 year ago

                  Keep moving the goalposts bud. Just admit you’re either a bootlicker or part of the problem

                  • EnderofGames@kbin.social
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                    1 year ago

                    When you are out of anecdotal evidence, just scream that the opponent is moving goal posts.

                    I’m all for phasing landlords out of society, but DAMN! Idiots like you really make it hard to take your side.

                  • BB69@lemmy.world
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                    1 year ago

                    What?? Who is making enough rent off one property to sustain a vehicle of 6 figures in addition to the rest of their life’s expenses? One property rental isn’t a cash cow.

                • EnderofGames@kbin.social
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                  1 year ago

                  I think you may have read the data wrong, in two places it says

                  Most rental properties – about seven-in-ten – are owned by individuals, who typically own just one or two properties, according to 2018 census data.

                  and

                  Businesses own larger shares of units because individuals, while far more numerous, tend to own one or two properties at most, while businesses’ holdings are larger. In fact, 72.5% of single-unit rental properties are owned by individuals, while 69.5% of properties with 25 or more units are owned by for-profit businesses.

                  The first sounds like most (read: more than 50%) do, but, and I may be reading the census data wrong, it seems like less than 20% own a single property for rent. The use of typically would indicate that most do, but they don’t actually include the data in the article, which is odd and worrying.

                  The second also looks like it agrees with your assessment, but it actually kinda says the opposite- 72.5% of people who own single units for rental are individuals. This is surprising because it means there are 27.5% of single unit properties that are owned by businesses. However, it doesn’t mean that 72.5%, or even 50% of individuals (individual landlords) own a single unit to rent.

                  This article all comes from the 2018 census, when the 2021 census is also available, but I wasn’t able parse either very well.

    • Alto@kbin.social
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      1 year ago

      It’s a “profession” built around exploiting the poor say the landlord doesn’t have to get a real job

      • mke_geek@lemm.ee
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        1 year ago

        There’s no exploitation. Paying rent is simply trading money for a service.

        • Alto@kbin.social
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          1 year ago

          “forcing people to give up large portions of their income while building absolutely no equity in it simply to not be homeless due to policies we lobbied for isn’t exploitative!”

          • mke_geek@lemm.ee
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            1 year ago

            No one’s forcing anyone to rent any specific place. People have a choice. There’s thousands of rentals. They can live with family or friends.

            If people want to build equity in something, they can buy their own property.

            There’s nothing exploitative about trading money for a service. People trade money for services every single day. You want your oil changed for you? You pay someone to do it. You pull your car into their facility, they use their tools, and you gain a service – for a price.

            • nero@lemmy.world
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              1 year ago

              -> landlords buy buildings -> less buildings available for sale -> price goes up -> people cant afford buying homes -> people rent

                • nero@lemmy.world
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                  1 year ago

                  No, not every landlord is horrible and renting definitely has it’s place, but it shouldn’t be the only option you get unless you want to spend 700k

                  Like the other comment said, it becomes a problem when large groups are buying up all properties

              • mke_geek@lemm.ee
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                1 year ago

                Landlords buy buildings --> More available rentals so people have more choices on where to live

                • Alto@kbin.social
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                  1 year ago

                  Then there’s the real world.

                  Large groups of landlords/property management companies buy the majority of residential buildings in an area -> theres essentially nowhere else left to live -> they collude to increase prices

          • mke_geek@lemm.ee
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            1 year ago

            It’s not exploitation because people have a choice of where to live. There’s hundreds of rentals in any given area and millions of rentals across the country. There’s not just one place for people to live. There’s also the option of living with family or friends.

              • mke_geek@lemm.ee
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                1 year ago

                Being a landlord is a job. There’s no exploitation with renting out properties. People expect to get paid for their job. This is an extremely simple concept. I can’t fathom why you’re not understanding. Maybe I need to make it even simpler?

                • Landlord = self employed
                • Self employed = Charges for services rendered
                • Rent = Payment in exchange for services

                renting prices are effectively almost exclusively profits for the owner of the rented space

                This isn’t even true either.

                  • mke_geek@lemm.ee
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                    1 year ago

                    Because society agrees it is.

                    Because we’re using very basic factual definitions.

                    Job = performing work

                    explain the logical holes in your ideas

                    There are no logical holes in my ideas. I’m explaining basic facts.

              • theFibonacciEffect@feddit.de
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                1 year ago

                This is simply because renting prices are effectively almost exclusively profits for the owner of the rented space.

                I don’t think that’s true in all cases. If you think about the price of properties and know how much a credit costs. Properties in cities easily cost a million dollars so with 3% interest that’s 30 000$ a year you have to get just to pay interest on your loan.