People on the internet seem to think a landlord is one guy scamming hundreds of people.
If you’re landlord is an individual, most of the time they’re renting the house and using the funds for a big expense, most of the time mom’s nursing home bill
It’s such a weak argument too. The majority of renters aren’t renting from your neighbor Joe who’s renting out his basement, they’re doing so from property management companies who sole existence is to exploit the fact that nobody can afford a home anymore
I interacted regularly with plenty of them in a former job. Most of them drove cars worth more than I made in 2 years. They weren’t renting just so they could pay for granny’s retirement
What?? Who is making enough rent off one property to sustain a vehicle of 6 figures in addition to the rest of their life’s expenses? One property rental isn’t a cash cow.
I think you may have read the data wrong, in two places it says
Most rental properties – about seven-in-ten – are owned by individuals, who typically own just one or two properties, according to 2018 census data.
and
Businesses own larger shares of units because individuals, while far more numerous, tend to own one or two properties at most, while businesses’ holdings are larger. In fact, 72.5% of single-unit rental properties are owned by individuals, while 69.5% of properties with 25 or more units are owned by for-profit businesses.
The first sounds like most (read: more than 50%) do, but, and I may be reading the census data wrong, it seems like less than 20% own a single property for rent. The use of typically would indicate that most do, but they don’t actually include the data in the article, which is odd and worrying.
The second also looks like it agrees with your assessment, but it actually kinda says the opposite- 72.5% of people who own single units for rental are individuals. This is surprising because it means there are 27.5% of single unit properties that are owned by businesses. However, it doesn’t mean that 72.5%, or even 50% of individuals (individual landlords) own a single unit to rent.
This article all comes from the 2018 census, when the 2021 census is also available, but I wasn’t able parse either very well.
People on the internet seem to think a landlord is one guy scamming hundreds of people.
If you’re landlord is an individual, most of the time they’re renting the house and using the funds for a big expense, most of the time mom’s nursing home bill
Bullshit.
Most of them are people trying to earn passive income so they claim they are financially independent.
It’s such a weak argument too. The majority of renters aren’t renting from your neighbor Joe who’s renting out his basement, they’re doing so from property management companies who sole existence is to exploit the fact that nobody can afford a home anymore
I never said the majority aren’t property management companies.
Im my experience landlords who actually live in the place you do. Like a two flat. Are pretty good.
Of course. At that point is basically a roommate with extra walls and entrances.
I’m guessing you’ve never talked to an individual that’s a landlord, have you
I interacted regularly with plenty of them in a former job. Most of them drove cars worth more than I made in 2 years. They weren’t renting just so they could pay for granny’s retirement
E: sp
Most landlords own less than two properties as noted here.
So they either have a higher paying primary source of income, or you do make money per year.
Keep moving the goalposts bud. Just admit you’re either a bootlicker or part of the problem
When you are out of anecdotal evidence, just scream that the opponent is moving goal posts.
I’m all for phasing landlords out of society, but DAMN! Idiots like you really make it hard to take your side.
What?? Who is making enough rent off one property to sustain a vehicle of 6 figures in addition to the rest of their life’s expenses? One property rental isn’t a cash cow.
Does the leather taste good?
Cringe as fuck. Thought this bullshit was on Reddit, guess the kids with no idea of how the world works came to Lemmy too.
I think you may have read the data wrong, in two places it says
and
The first sounds like most (read: more than 50%) do, but, and I may be reading the census data wrong, it seems like less than 20% own a single property for rent. The use of typically would indicate that most do, but they don’t actually include the data in the article, which is odd and worrying.
The second also looks like it agrees with your assessment, but it actually kinda says the opposite- 72.5% of people who own single units for rental are individuals. This is surprising because it means there are 27.5% of single unit properties that are owned by businesses. However, it doesn’t mean that 72.5%, or even 50% of individuals (individual landlords) own a single unit to rent.
This article all comes from the 2018 census, when the 2021 census is also available, but I wasn’t able parse either very well.