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I remember looking up just the air b&b’s in the Portland metro and there were over 4,000…..
A large majority of the rest were being rented.
The wealthy are buying it all with no regulation.
There should be one home per family in the suburbs. One vacation place and your house. No one needs 10 properties, get rich another way you greedy terrible fucks.
Because the only way to escape an exploitative system is to become an exploiter...
I realise they don't care, and are disingenuous about their suggestions... But these people think the solution for people not being able to afford shit is "get a, better job" or in this case specifically, "become landlord"...
How do you expect society to function if every, single, person, is a landlord? Who's building the houses, cleaning after tenants stay, growing, harvesting, preparing food... Electricity?
Like, it just blows my mind that people espouse dumb shit like this and get a pass from most people
Well this is gross. Its extremely had to buy ONE property, to exist in, if you dont have Bank of Mom and Dad to rely on.
How does the second tenant pay their mortgage? One apartment's rent should not be enough to cover the mortgage of four (or five - including the one they live in). My guess is that they only payed all the mortgages for these four properties and this is about the mortgage of the apartment they live in.
The cheat code to a stress-free life is to own lots of real estate to being with.
Oh, some rents are getting crazy and the buildings were purchased 10-20 years ago so the mortgage isn’t that high. It’s all a scam.