Also: I’m a renter with zero interest in owning real estate. I know many people with rental properties (who are therefore landlords) that I am significantly wealthier than. A lot of people are struggling to pay rent and I get that, but believe it or not so are a lot of these land owners. So there’s just a lot of unbridled rage towards against anyone they have to pay rent to, especially around here.
I think its clear that what we are seeing is the result of decades of exponential growth. No shit houses have quadrupled in price in the last generation or so, what do you think is going to happen with 10% ROI per year? That’s just how it works. Not the landlords fault at all. Idk who to blame or how to fix it but, well, uh, there it is.
Also: I’m a renter with zero interest in owning real estate. I know many people with rental properties (who are therefore landlords) that I am significantly wealthier than. A lot of people are struggling to pay rent and I get that, but believe it or not so are a lot of these land owners. So there’s just a lot of unbridled rage towards against anyone they have to pay rent to, especially around here.
I think its clear that what we are seeing is the result of decades of exponential growth. No shit houses have quadrupled in price in the last generation or so, what do you think is going to happen with 10% ROI per year? That’s just how it works. Not the landlords fault at all. Idk who to blame or how to fix it but, well, uh, there it is.