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Snownel t1_ja8h1x7 wrote

Reply to comment by Careful-Explorer-503 in Who here owns residential and rents it out? thinking of buying a two-family in Rahway as it is getting very cute there. by [deleted]

If they charge more for rent than they are paying on the mortgage, taxes, and maintenance, it is by definition parasitic.

If they don't charge more for rent than they are paying on the mortgage, taxes, and maintenance, their existence as a landlord is pointless and they are just wasting money.

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Rude-Bison-2050 t1_ja8vwjm wrote

til anyone making a profit on anything is parasitic

this sub is just filled with antiworkers and rebubble kids lol

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Snownel t1_ja8x4rr wrote

We're talking about housing here man. Basic human needs. If you want to make a profit selling hats or something, that's a different issue.

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Rude-Bison-2050 t1_ja8xcgl wrote

so home builders, lenders, repairmen, etc are all parasites too

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Snownel t1_ja8xnar wrote

If you'd quit putting words in my mouth, maybe you'd stop and ask yourself what tangible benefit landlords provide compared to people who actually build and repair houses.

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Rude-Bison-2050 t1_ja8xupm wrote

idk, maybe housing for people who can't afford to buy and shoulder taxes, repairs, etc

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Snownel t1_ja8ya2s wrote

In what world do you think rent is less expensive than a mortgage, taxes, and maintenance? Where is that money coming from, genius?

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Rude-Bison-2050 t1_ja8yu4c wrote

you may want to try owning a house sometime and having to deal with a 5 figure bill yourself, kiddo lol

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Snownel t1_ja8zy1a wrote

I just paid $10k to replace our A/C two years ago, "kiddo". No landlord required.

Are you going to explain how a landlords magically make housing cost less to maintain and somehow conjure up a profit in doing so?

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Careful-Explorer-503 t1_ja97qd7 wrote

You’re clearly out of the loop. Maybe do a little research, try to have a full understanding of the market past and present, then come back and comment in an informed way.

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Rude-Bison-2050 t1_ja9mwg4 wrote

How many $10k repairs did you do at places you were renting

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Snownel t1_jaa77su wrote

How should I know? The landlord doesn't tell me how much he spends on repairs, I just throw gobs of money at him and hope he's not ripping me off.

But if he's still in business, chances are I've paid more than he's spent on repairs.

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Careful-Explorer-503 t1_ja97fde wrote

IN NJ!!! That’s how I know you’re not a person in this situation, you have zero point of reference. Buy house then tell me how much cheaper it is.

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Snownel t1_jaa6zv3 wrote

... are you trying to imply that landlords in NJ specifically pay more in expenses than they get in rent? Is every landlord in NJ just a rube then?

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