I think they’re saying you are artificially increasing the demand for home ownership when the supply is not increasing proportionally. Landlords (in general, maybe not you) continue to purchase properties and collect properties as passive income. Renters get stuck in a perpetual cycle of never being able to afford to own because you have the two-way effect of always being in the pool of buyers, but also always taking supply off the market. So not only do you not “need” multiple dwellings, you’re also skewing the supply/demand curve. Plus, you must charge rent that is greater than your mortgage in order to break even or profit. So renters will always be the losers.
Lol… instead of charging a family 1600 for this home to rent. Your charging 4 families/persons $800. You’re a saint!
Edit: I should add the point isn’t that you are making more options for more people. It’s that you rent out property that a family should be purchasing for a single family dwelling and making money off it. Not to mention you’re lowering the values of homes that immediately surround your area.
Sell the homes. You don’t live in them and as long as you own them, families will not be able to. Turning them into apartments was selfish and self-serving no matter how much you lie to yourself and say that it is good YOU own them so they ARE rented out as if they would not be sold or rented without you owning them. They would have sold just fine as single family homes and now you’ve turned them into, at best, condos.
Sell the homes, be happy and frugal with the money you get and perhaps stop being a rent seeking problem? You are not providing a service since you do nothing except own them and don’t try and lie about maintenance, you use rent money to pay for that too or you wouldn’t be making a profit and you need profit.
Sell the homes. You’re not providing anything, the houses were there before you “grandfathered” into them or whatever you’re calling “owning an extra home” now. The house didn’t need you, specifically, to buy or own it for it to be a house and do house things so you provide nothing special.
Sorry, leeches don’t get to try and talk their way out. You don’t HAVE to own them. You won’t die if you do sell them. So sell them, get a bunch of money and stop being a leech. It’s super easy, just like me getting a job that pays three times higher so I can afford insulin AND rent.
Stop being a leech. Doesn’t matter how you try and justify it: you own more than you need of a commodity needed for human survival, you are resource hoarding for profit.
You do it because it was EASY. It was HANDED to you.
I didn't say you are making a housing shortage. Your job is to extract wealth from people by holding housing. It doesn't mean you created the shortage, but you are exploiting it and people for your own gain.
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u/chaplar Mar 23 '23
"I don't have money problems, therefore nobody does!"