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this post was submitted on 24 Jul 2025
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running any business comes with risk. “help” should go to the tenant before the business. if a landlord cant afford a business then they should quit and get a normal job instead of being a piece of shit human.
landlords should not exist, to begin with. they are garbage people.
Landlords are not philanthropists. You are not going to find a big group of homeowners who want to rent at a loss out of the goodness of their own hearts.
I would love if the government took strong measures to encourage home ownership and discourage treating real estate as an investment. Really, I would. But that will take many years of hard work and economics PhDs to concoct a plan that works. So, until we find a government with the balls to do that for real, we have to understand that dealing with landlords in a realistic way is a necessary evil.
Because if you nuke rentals without first ensuring people can afford to buy, all you'll accomplish is to create a mass housing shortage worse than you've ever seen.
House ownership should be a right not an investment.
I agree! However, it will take a lot of time and carefully crafted policy to make that happen, without perverse incentives appearing. In the meantime, we have to live in the real world and deal with landlords as a (hopefully temporary) fact of life.
https://en.m.wikipedia.org/wiki/Public_housing_in_Singapore
What is this supposed to prove?
That we don't in fact have to deal with the parasites to have housing avaliable for working people
So do we just... fuck over all the renters living in landlord-owned units for the next 5-20 years while this cool new mass public housing is being built by all those extra construction workers we definitely don't have a shortage of?
We should let the housing market crash out, then nationalize it ;)
Similar to what was done after 2008 except federal government doesn't give money parasites and just does it by itself
Do you realize how many suicides and assorted anguish such a crash would cause?
I swear to gods, you people don't really know how to think things through.
Yes, thats a brilliant deduction. I rent safe, comfortable and most importantly AFFORDABLE suites to people like: university students, single moms, people who are just separating from their spouse, couples who just met, disabled veterans, people on a temporary work assignment, people who move every couple of years, people who dont know where they want to buy a house yet, people who would rather invest than buy a house... and NONE of them want to buy a house. But Im a 'garbage' person for giving them a good place to live. Ok then, good deduction there Sherlock.
neat.
sell them instead so people own and are not beholden to your “affordable” market values. I guarantee not NONE want to buy. The market is too expensive.
So my rental basement suite, I rent out for 1200 in a major Canadian city. The house is worth 650,000. A mortgage on that house at todays interest rates would be 3650. Insurance is another 150. Property taxes are 300. So monthly fixed costs of ownership are 4100. But there's always something to fix so add on a very modest 300 a month for that and 4400 is a reasonably moderate estimate.
SO explain to me how the person who now pays 1200 a month is going to come up with more than THREE times their rent per month to buy a house? And theres no way that house is dropping so far down in value that 1200 is anywhere close to being able to buy it, even if it lost HALF its value. Give me your solution to how that would work.
Mom and pop landlords provide the cheapest rentals on the market. Our investment in rental housing is absolutely necessary in providing a place for those on the lowest budgets.
ahh ok. my fault - you rent rooms. I was speaking to the rental of houses. you could sell the suites however. individually. condos are a thing.
No, I rent houses. That basement suite is the lower suite, the upper suite is a separate unit. My point is that they are far too big an investment for renters to actually be able to buy and many of my renters dont WANT to buy. Some do and several have done so but thats the minority.
And condos are a very bad investment. Condo fees and insurance, plus emergency repairs on them make them highly expensive. Would never touch one.
who said a thing abt investment. this is housing
Well, no matter whether you intend it to be or not, every purchase of real estate is an investment.
how so?
Anything you put thousands of dollars of your own money into is an investment - collector cars, crypto, artwork, gold, your Star Wars collection, and housing. Whether those are a GOOD investment or not is another question, but its definitely an investment.
if I purchase a home because I need a place to live, it’s not an investment. Investment comes when sale is realized. On the point of the seller. I own my home. I will not sell it. It is not an investment. It is where I live.
Whether you sell it or not, that doesnt change the fact that you have invested a great deal of money into it, therefore it is an investment. Its status in your life has nothing to do with whether you plan on making a profit on it or not, its merely the definition of investing money.
This. Landlords are simply unnatural. An abomination of nature itself.