This is what a bubble looks like.
This is what a bubble looks like.
This is getting old. Regardless you said you inherited a house, fwiw. You live how you want. I live in the way I want. I admit my part in Canada’s housing crisis. But I couldn’t sell my children’s future for moral high ground. You come across as sanctimonious. You speak from an imagined high ground with the assumption that you know what is good for everyone. That’s your right. So you do you. Have a good one.
Because to start with, I invested and risked my own money a much less bubbled deal estate market with a significant amount of my available capital. You invested someone else’s money. I took all the risk, and you want me to give away all the profits from that risk. Even your “green” investments take advantage of workers, buy off shore parts, cost people their jobs. Why don’t you donate all your profits to those people. Your entire argument is so steeped in hypocrisy that it’s hard to even know if you’re not just a troll.
I realize you aren’t going to agree, but these two situations aren’t the same thing.
I mean, I get what you’re saying. And perhaps if my financial situation was better I could consider the option to offer the houses to the tenants. But as you suspect I will not trade my children’s financial security just to be charitable. The rent I charge is 30%-40% below market value. I suspect if you were in my position you wouldn’t be so inclined to give away your wealth either.
Sorry, I didn’t explain that well. The down payment was 30k each. But basically that’s all I’ve had to spend on the houses.
Nice, I hope the app is making enough to keep the updates coming.
I’m a land lord, did exactly what people say we all did. 15 years ago I bought two 200k homes for 30k each (30k was the down payment) the houses are worth over 600k each now…
they are an income plan for my kids so they don’t have to necessarily worry about taking a better paying job instead of something they want to do. Probably a little naive now. But I run the houses at a bare minimum profit just so the government won’t come after me due running a loss on my taxes. I have raised rent only enough to do that.
I pay for a property management firm to take care of the properties so that the tenants have 24 hour response to issues. I’ve had the same tenants for 12 years in both properties. Every 4 years or so I have one of the rooms that the tenants want renovated. It’s a right off so doesn’t costa fortune ava the house gets slowly updated. Not every landlord is an asshole. Some of us play the long game without screwing people. But I realize that I am part of the problem. I am part of the reason for less supply in the market. But selling my properties will make my children’s lives less secure and I’m not willing to do that. So i do partially deserve some of the blame.
Edited to add down payment info.
Benadryl.
You’re going to have to explain how purchasing and using software that is completely voluntary takes away any freedom from anyone. It’s literally just a ui wrapper with different visuals and functionality that some people find useful enough to pay for. Entire legions of people protested the removal of these apps from Reddit. Nothing is free, the concept of that is broken.
I’m a sync ultra user. My sense of superiority is only eclipsed by my ignorance of what FOSS stood for. But seriously use what you like. I just want lemmy to grow.
Ahhhh, all these posts make so much more sense. Lol
Can I ask, what the heck is FOSS?
Big ol fuck spez. Sync just closed down. I’m done with Reddit.
I bought sync for reddit, i will buy it for Lemmy.
Yeah, but that goes for and bubble that has roots in some sort of legislation. The tech bubble is probably most recent that wasn’t government related.