he/him 
I didn't realize how much I hated landlords until I realized that most of the planet are paying other peoples mortgages
Show this thread
-
I've seen many people complain about it. But I don't really understand. What's the problem? Having moved recently to a new country, I wouldn't be able to live without landlords Banks wouldn't accept lending money to me. And I'm not sure I want to stay here forever either.
I specifically mentioned landlords with mortagages. They fundamentally increase the price of housing for others. Many areas where the cost of rent matches, or exceeds that of a mortgage. Including the Bay Area.
-
-
But they have a mortgage to pay when you don't. They are absorbing the risk for you. If you suddenly lose your job or want to relocate, you can. But if you had a mortgage, you wouldn't be able to.
-
That isn’t how it works in the UK, you don’t sign a simple rolling contract. You’re tied in for 6-12 months at minimum. Breaking those contracts can be difficult, expensive, and bad for your future renting prospects. Hardly risk free.
- 5 more replies
New conversation -
-
-
When our home got too small for us we moved but didn’t want to give up our first home. We rented it out and I took a small loss every year on it just to hold on to it for the future. I think some renters are just shocked to see how much it costs to own the home.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I am now a landlord with a Mortgage. I bought the house and then had to move for my family. I barely break even on the home with all the maintenance cost. I couldn't sell it because the first few years of mortgage go straight to interest. I had to rent it.
-
With Coronavirus, I'm covering the cost of my renter's housing for the foreseeable future. Which is a risk I took by becoming a landlord. The trade was they didn't have to put the $40k up front to buy the home and didn't have to maintain it and I took all the financial risk.
End of conversation
New conversation -
-
-
I don't think it increases the price of housing. Mortgage is only one of the costs of maintaining a home. There is home owners insurance, property taxes, maintenance on AC, Heating, Roofs, Yards, etc. They also have to put up 10-20% of the cost of the house upfront to get it.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I'm probably missing the point but I guess it's the same everywhere. Even if I could afford a mortgage I don't have the initial cash needed to buy an house (at least in Italy in some "expensive" area). A rent is much more flexible, obviously more expensive and with no outcome..
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.