Troll gonna troll ey? Well I’m bored so I’ma bite.
Ya might wanna try visiting this thing called a primary school. They teach reading. My mom is renting out, and I plan to sell those additional properties once I inherit them. As you might guess, I and her don’t quote see eye to eye.
It seems doable, until all the shit you described happens. After which the 15~20% cut (the kinda rates these companies want over here) doesn’t seem so bad anymore. Especially compared to the loss. A friend of my aunt had a tenant with some mental disorder that wasn’t able to find a job again after covid, yes that means 4 years of not paying, the landlady didn’t have the balls to kick the tenant out, and now the court proceedings might take another year. So yea, there is a risk, but only if you ignorantly chose to do it your self without knowing what you’re going into.
Projecting much? Why do you think I know about this shit? I have my own place and my mom is using one of those companies to rent the flat she got after grandma passed. I’ma probably sell at least one of em for moral reasons once I inherit it, but that’s still some decades away.
Ya serious? Like I don’t wanna just start throwing insults, but AI?!? Because it’s stupid??? Regardless of if what I wrote is complete brain rot or not, you linking it to AI because of it, is just completely baseless.
Just dude, read a book or watch the news from the last 20 years. Every year there are more millionaires while the wealth of the middle and lower class are either not changing or even god forbid decreasing. If you want something more sophisticated read a critique. It’s just not a system that can sustain it self indefinitely.
Here is a good starter for you: https://www.hup.harvard.edu/books/9780674430006
And because I know there’s no way in hell you’re buying a book based on an internet strangers opinion you suspect of being an AI. Here’s a pay wall free link too. http://digamo.free.fr/piketty14.pdf
Again, there are companies to do it for you. All you HAVE to do is show up a dozen times and sign papers. Sure you might lose a bit of money in the process, but since we’re talking “buying house money” the so called risk is negligible. We’re talking the amount of money you could put on a savings account and the monthly yield on that alone would seriously affect how many hours you need to work.
Ok, I refuse to read the whole thing because you’re wrong right at the bloody start. You can in fact sell a house along with the mortgage. It’s not a fucking risk. Finding another buyer isn’t that big a problem as the demand is fucking huge, unless you’re selling a literal dump, in which case you’re a monster for wanting to rent it out.
As for taking care of the place, there are countless companies that’ll rent it out for you, if you really don’t wanna deal with your tenant’s bullshit. Like what the actual fuck are you even taking about? If as a land lord you chose to go the extra mile to squeeze out every penny, you don’t get to complain about it being hard when there’s an easy way out.
It’s basic math. The tenant gives money to the landlord who gets the privilege of investing it. It’s one among the many one way cash flow systems of capitalism that cause this graph.
Ok, here’s an idea, get a company to rent it out for you, some even pay you while the place is vacant (for a bigger cut ofc). Or sell the damn thing and put the money into a savings account. Even the worst savings accounts will do wonders with the amount a property goes for.
Like I don’t want to insult your mom that has gone though hell, but that right there just seems fucking stupid.
Lol, as if there aren’t countless companies that’ll happily do it for you for a relatively low cut. Some even offer vacancy protection, as in you get money even if no-one is there (for a bigger cut ofc, the ones here want like 20% or something). And if even that is somehow too hard for the landlords busy schedule, ya can just sell the property for a small fortune and put the money into a savings account and never work again. A landlord doesn’t need to do shit while gaining passive income, meanwhile tenants actively lose net-worth for the privilege of shelter, which is recognized as a human right by the way.
Imagine paying an unholy amount of money to actively fuck everyone over, including yourself, especially yourself like holy shit…
What is it with big companies and desperately wanting to go under? It’s like they’re taking “too big to fail” as a challenges, the only rule being you can’t just shutdown or sell.
I’m Czech and also speak fluent German, but I rarely use my native languages on my personal PC, so I got used to the US layout. Nowadays I use US layouts that have my native letters on the AltGr key, my Linux pc has an “American - Czech, Slovak, German” layout like that and at work on windows I use the Czech Programmer layout. However, most of my coworkers use the regular Czech keyboard, even for programing, which freaks me out.
What am I supposed to do, burn them? As far I’ve checked no charity around me takes real-estate instead of money. If I refuse to inherit, it’ll go to someone else in my family who’ll just continue to rent. Tried looking up if I can give it to the state to provide as cheap housing, the only thing I found was unused government buildings for sale. So you tell me smartypants, I’d be delighted to be enlightened. But as long as you’ll just continue to throw insults my way, you’ll get the same back.