this post was submitted on 22 Apr 2024
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A Boring Dystopia
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I am a landlord and also have a full time job. I also spend my time fixing my units.
With the maintenance cost and taxes, I'm actually losing money or breaking even depending on the year.
My tenants are living in a house that they wouldn't be able to afford on their own in today's market. Being able to live near their work.
So why am I the bad guy?
Do they pay more in rent than your mortgage payment? Because that would mean that they absolutely could afford it.
If they can go back in time and get the same APR and buy the house for the same price...