If you honestly believe being a landlord is such a slam dunk you should take out a mortgage, buy a property somewhere in United States (there are places as cheap as $50K) and rake in the cash.
There are landlords who absolutely take care of all of the maintenance - and of course there are landlords who are absentee landlords as well.
To say a landlord inherently doesn't do anything is the most ridiculous thing I've read today. Thanks for the laugh. As for your situation, stop doing work the landlord should be doing.
> If you honestly believe being a landlord is such a slam dunk you should take out a mortgage, buy a property somewhere in United States (there are places as cheap as $50K) and rake in the cash.
I'm sorry, but I am not sociopathic enough to profit from other people misfortune (not being able to to buy a roof over their heads). Not everything is about making as much money as you can squeeze from other people.
You don’t personally need to be. If it’s free money why hasn’t someone done it? Why are there houses sitting there vacant?
I also disagree with the silly assertion that landlords are sociopaths would you rather people be homeless? If someone is unable to afford to buy a house what should they do?
Also - are business owners sociopaths? Doctors? Farmers? Medical device makers?
> You don’t personally need to be. If it’s free money why hasn’t someone done it? Why are there houses sitting there vacant?
I have seen some articles that it starts happening there too. For example buying houses in Detroit, through web of shell firms and sitting on them like some kind of slumlord dragon.
>I also disagree with the silly assertion that landlords are sociopaths would you rather people be homeless? If someone is unable to afford to buy a house what should they do?
I'm sorry, if you are using your economical advantage to outbid people in house market and then propose this people a rent that is higher than mortage on same house? With bonus points for squeezing them on rent so they can't save money to buy their own house(with or without mortage). Then use all that money to buy even more houses? So even more people can't afford them? Yes that a sociopathic behavior. Also word slumlord exists for a reason.
>Also - are business owners sociopaths? Doctors? Farmers? Medical device makers?
Are you trying to make argument for me?
Because under capitalism only function of business is to make money for shareholders(aka. owners, this include companies not publicly traded). It's as sociopathic as it can be. If your only goal is to make more money, you are not a good person. There are owners that don't do that, but in the end they will have more disadvantages when competing with ones that do. It involves breaking the law/shady behavior if you think you can get away with that. Leaving money on the table is a sure way to get yourself a competitor that will take it and use it against you.
Farmers: there are decent ones, but if they want to squeez as much money they can from animals/crops they have, they will do some horrific stuff. Just ask yourself why there are laws popping all over the US that make it illegal to film whats going on farms(including factory ones)
Doctors: there are decent ones, as always. But there are doctors that will just come by during medical procedures in, in-network hospitals as out of the network doctor and then slam patient with horrendous bill, just for being there(or helping in some small way). Shilling to pharma companies by prescribing/overprescribing their drugs? To have a fun trip to Hawaii/other perks? Dr. Wakefield, crooks that sell bleach as cure all drug, other scam artist in white gowns? Selling dewormer as a cure for anything but worms? As I said before there are decent doctors, but also a bad ones. It's only a problem if we allow them to do this stuff and don't take any actions to stop them.
Medical device makers: Have you read anything about EpiPen? P-value hacking? Pushing your do nothing failed drug as hope for sick people through FDA/etc.? This entities are businesses, their goal is to make money. Accidentally they can save some people, but it's not their goal. It's money. I have wrote some words about it earlier.
So sociopathy isn't who you are, it's what you do.
I'm not saying I'm a good person, I'm definitely not, but even I sometimes raise an eyebrow seeing things some people do.
There are landlords who absolutely take care of all of the maintenance - and of course there are landlords who are absentee landlords as well.
To say a landlord inherently doesn't do anything is the most ridiculous thing I've read today. Thanks for the laugh. As for your situation, stop doing work the landlord should be doing.