this post was submitted on 03 Jul 2024
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Housing Bubble 2: Return of the Ugly
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It still amazes me how people think these posts are solely referring to your specific uncle who owns two houses and not corporate landlords who own entire complexes.
It's even worse when those corporate landlords have stipulations in the lease about not being able to repair anything yourself or you'll be fined.
Meanwhile the property falls further and further into disrepair because even though I've put in 4 work orders about it they don't care because all they care about is green number go up. Or you'll get "Yeah we'll send someone over at the time you specifically told us you're gonna be at work. Also you need to be there when they show up or we can't do anything about it ๐คทโโ๏ธ"
If all landlords actually properly maintained all their properties we wouldn't be calling landlords leeches. But more often than not they put in the bare minimum and call it good.
I'm referring to both. 80% of rentals are owned by mom and pop landlords. They're a much bigger problem than corporate landlords.
That's fair.
In my personal experience it's been the opposite but I know that's just anecdotal/confirmation bias