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by glimshe 727 days ago
Make being a landlord too tough, rental properties will disappear.

When you hear "landlord", you might think of a Duke enjoying a lavish meal while the tenants slave away in the fields to pay rent. Or a huge corporation. But there are a ton of middle and upper middle class people who are land "lords".

I was one myself. I rented out my house, after moving to another city for a job, to wait for a market recovery post the 2000s housing bubble. I was a landlord for 3 years. I couldn't wait for it to be over. It was a ton of work and tenants already have a ridiculous amount of power, even in a red state. I turned a small profit that only slightly helped paying rent on my new city.

If you think being a landlord is easy money, give it a try someday. I understand we need to ensure fairness for everybody, but the way isn't cartoonishly demonizing all landlords.

3 comments

I’ve rented from individuals and it is fine. The real pain is the big corporate places that make it a business to do renting. They have the scale to be motivated to nickel and dime you about stupid stuff, and, like, living in a place where corporate policy types make all the rules is hell, but worse, because the demons are stupid as well as evil.

We should be really targeted in our regulations, hit places with more than, say, 10 tenants pretty hard. Regulate them out of existence, even. Then you’d have had less competition.

You were a hobbyist trying to eke out some income to stay solvent. Even in that situation, you’re upset with the proles and their meager power.

It starts to get shitty when you enter the zone of the dentist with a half dozen or more properties and gets worse as you go up. The incentives are to leverage the buildings to grow and depreciating the property while maximizing the revenue. Just like rent seeking in technology, it’s not pleasant.

Funny how it works everywhere else.