I feel this so much. I own a property. I rented it out. I ran into that exact same lineup of expenses vs income you note here and… I ended up taking my house OFF the rental market. It’s just not worth it.
I keep getting into these discussions with people who yell “It’s immoral to buy a house and rent it out. Landlords must provide housing for renters at a loss so I can have cheap housing” and then… “It’s an investment and you as the owner must fund my low cost housing because you might earn equity in the property when you sell it in the future.”
Don’t even bother arguing with those idiots. It’s not worth your time.
The same clowns that scream about “low wages means low effort” to justify lazy workers, also can’t fathom why someone isn’t going to rent their property (with all the risk, stress and work that goes along with that) for just $100/month in profit.
Funny how they don’t see the hypocrisy.
On Reddit, you’d get the same anti-work, anti-landlord, pro-freebies crowd, but we also had a reasonably well trafficked real estate sub. I haven’t found a good place to talk about home purchasing, repairs, and dealing with real estate agents on this site.
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I feel this so much. I own a property. I rented it out. I ran into that exact same lineup of expenses vs income you note here and… I ended up taking my house OFF the rental market. It’s just not worth it.
I keep getting into these discussions with people who yell “It’s immoral to buy a house and rent it out. Landlords must provide housing for renters at a loss so I can have cheap housing” and then… “It’s an investment and you as the owner must fund my low cost housing because you might earn equity in the property when you sell it in the future.”
Don’t even bother arguing with those idiots. It’s not worth your time.
The same clowns that scream about “low wages means low effort” to justify lazy workers, also can’t fathom why someone isn’t going to rent their property (with all the risk, stress and work that goes along with that) for just $100/month in profit.
Funny how they don’t see the hypocrisy.
On Reddit, you’d get the same anti-work, anti-landlord, pro-freebies crowd, but we also had a reasonably well trafficked real estate sub. I haven’t found a good place to talk about home purchasing, repairs, and dealing with real estate agents on this site.