this post was submitted on 08 Mar 2025
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A Boring Dystopia
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I used to have my own place before my wife and I got married, and she had her own house too. When I moved in with her I decided to rent out my place to a friend, otherwise I'd have to still pay like $650 a month for my mortgage. I set my friends rent at $900 a month for him and a friend, with cats. I paid my mortgage and had some extra to save up in case a repair was needed. Average rent for an apartment (not a house) was 1200-1500 in the same area. My renters ended up taking better care of the house than I ever did. It was beautiful when they lived there. I ended up making about 5k to 10k extra bucks over the course of a few years and my mortgage was paid for me. Eventually they had to move out due to some issues between the two at which point I sold the house and made over six figures(net profit, not gross), off a house that cost less than $80,000 when I bought it.
See what I did there? I charged a reasonable rent and still made a totally stupid amount of money off of just one property. I wasn't a goddamn parasite who tried to bleed my tenants for everything they were worth.
People like these total shitbags. They're the reason why America's youth have no future
You still take someone elses money, just less of it.
Can we not shit all over normal people for doing normal stuff? This dude doesn't run Blackrock, he had a single rental property.
Dude, they explained perfectly well how they ended up with two houses. 2 people had houses, they got married and only needed one. They weren’t preying on people, it just happened to them.
If they sold it they’d be scumbag real estate agents, since we’re apparently taking everything to extremes.
Well apparently renting one out is to you, I’m just following your logic.
Yes, my extreme position of - I don't believe people and corporations should own multiple properties while homelessness exists. I'm a true radical.
So, like, tear down all the apartment buildings and focus on putting every single human in a single family home for free? Like, how does your mental image of this work?
You're putting words in my mouth. The US government, if it chose, could increase assistance with its programs in HUD. The government could increase the availability of housing vouchers in the meantime while transitioning to guaranteeing some form of housing for its citizens. You jumped to single family homes as if that's the only option, but there are many alternatives. The government could also nationalize corporations that gouge renters. There are many steps to be taken instead of hand waving away anything that isn't perfect. Why would you tear down existing buildings instead of providing any alternatives? Do you know how many vacant homes there are in America? Over 15 million.
All of this is a pipe dream with the current administration.
Agreed that the current administration is a dumpster fire and they will likely just burn HUD to the ground.
There are really only two options for housing. Either a single family home or a multiple dwelling unit.. apartments/duplexes and the like. I'm not sure what alternatives you're thinking of. For a MDU, someone has to own the property, and they will be responsible for its upkeep and any financial obligations. Perhaps a co-op might work, but there is nothing stopping anyone from doing that now, and almost no one does it.
Suggesting the government nationalize a property rental corporation is insane. It sounds like a good way to ruin our society when businesses flee for fear of being nationalized as well. If you think that sounds like a good idea, look at countries that have done this and ask yourself if YOU would want to live there. Any other anti-trust action would be much more appropriate. Certainly, it won't happen in the next four years, but if we have another election, taking down rental conglomerates would probably be insanely popular.
As for the 15 million vacant homes, read this: https://www.forbes.com/sites/brendarichardson/2022/03/07/16-million-homes-lie-empty-and-these-states-are-the-vacancy-hot-spots/
The majority of homes that remain vacant over long periods of time tend to be undesirable and cheaper. A question you could ask is, why don't people move to where the affordable homes are? Because they don't want to live there. They want to have affordable housing in the same place everybody else wants to live. People compete to live in more desirable areas, driving the prices up. Now housing is too expensive for people of lower incomes. How would you suggest we lower property costs in places like New York, Los Angeles, and San Francisco?
Yeah but what if they ebded up separating with their partner? It just made sense to keep the property. Renting it out just covered the cost and made sure it was not empty.
Yeah I really did type that out you bastard. It's their fucking property. They could have left it empty. Having a property is just housing safety.
They as a couple had multiple properties yes. But as individuals before moving in together each had 1. And rhat is oerfectly fine. Nobody expects you to immediately sell your property when you move in with someone.
Do you think they met, moved in, and got married in a week?
How do you live alone in a fucking house?
That doesn't change the fact they aren't normal people. Most people would love the hope of ever owning one house in America, as a dual income household, much less two single people who are rich enough to have their own homes.
Yeah fuck that guy for being born early enough to be able to buy an $80k house via mortgage
So what, they should just give their house away for free?
They rented it out to their friends for like half of what a similar place would cost. Then they sold it after their friend moved out. Not seeing how that's so morally reprehensible. You honestly just seem like someone who is jealous of someone else and so are shitting on them to feel better. And even if they did sell, if everyone is someone they can't afford a house, seems more likely a landlord would buy it anyway.
Can you explain to me how this dude renting out his property to a friend for half price is causing homelessness?
I didn't say I was okay with homelessness. I'm just saying that you are picking the wrong type of person to criticize over this. There are huge companies that own thousands of houses. Foreign companies and individuals that own hundreds. I knew a lady that had like 20 properties. Those are the people causing the problem. Not some dude who charged way lower than the normal rent and then sold a few years later. Also, nothing about what I said warranted the way you're acting. Never insulted you once.
Fair enough then. You're right about this individual being miniscule compared to those who are purposely wreaking havoc on housing.
You didn't insult me and I have been bitter towards you. I used to believe in decorum and always being kind, but it felt like it got me nowhere. I apologize to you and hope you have a good day.
All good bro. Shits tense right now
So far all you've done is lash out at everyone and swear. You have no compassion. You just have anger.
That is true! Yes! Finally. I have lost my compassion since Trump was elected a second time. Hopefully I will find it again.
Thank you for pointing that out. I am becoming disillusioned.
You just come off as unhinged is all. Doubt the guy you initially responded to voted for Trump and neither did I since I don't live in that country. Neither of us are your enemy yet you treat us like it. You need to chill out and be more patient with people who you're trying to convince of something.
You are right. My anger is making me worse. I am positioning myself as an enemy to you for no reason other than my own bitterness.
I feel you. He's been threatening my country for a few months. Hate the fucking piece of shit.
So do I, and I am sorry he is threatening the best allies we have ever had.
So what is the proper method in your mind?
You can start by stopping the privatization of shelter. We can better fund and staff HUD for assistance to those who need shelter. This country is plenty wealthy enough to end homelessness, but it actively chooses not to. Same with food assistance. It's a choice.
Privatization of shelter as in home ownership?
Personal property is not the same as private property.
Still not following
Private property makes money. Personal property does not. Home ownership, if you live in it, does not make you money and is personal property. A rental would be private property.
Oh okay I see.