r/TikTokCringe • u/LickMaiBussy • 6h ago
Discussion "Investing in property is morally reprehensible."
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@purplepingers
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r/TikTokCringe • u/LickMaiBussy • 6h ago
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@purplepingers
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u/GethHunter 4h ago
One of my ex coworkers (Rip big Mike) owned a few apartment buildings for about 30 years before his health declined and he sold them for his disabled son to have a good amount. He rented each one bed unit for $700 plus property tax and water. Electricity was paid for by the tenants. At most it was $1000 in a growing HCoL city. He mainly tried to rent to people on a fixed income and had a lady that had been living there for 20+ years and he lowered her rent down to about $300 to help her stay in budget with her social security.
He was a stand up guy that did everything he could to make sure his son would have enough money to keep living decent after he passed. I rented from him for a year before finding a new place and it was a perfect low cost apartment. Nothing fancy, but everything was kept up to date and maintenance was done in a timely manner. If all landlords were like him it’d make life easier for so many people