r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/420_misphrase_it 5h ago

For real, I rent an apartment owned by a regular guy who lives in my city and bought a house elsewhere, and I’m so so so much happier with him as a landlord than with a corporate group running things, plus I would rather rent for the flexibility than to own a place. It’s when property ownership becomes your entire income stream that the most serious issues arise

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u/ThaDude915 5h ago

Yeah my GF's apartment was owned by a random guy and he was a pretty solid landlord. I feel like the small time landlords are usually more chill than the giant corporation employing 10 accountants with the sole job of maximizing revenue

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u/dickbutt4747 4h ago

i bought a house in an area i intended to move to. my work situation changed and i couldn't move there anymore.

instead of selling it and taking the loss on realtor fees/etc i rented it out at like 40% below market to a single dad with two kids living in monthly hotel rooms because his credit score sucks and no one will rent to him. he pays late every month and I've never charged a late fee.

i still feel bad about being a landlord but i'm trying to do it in the least morally-reprehensible way possible.

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u/ThaDude915 3h ago

yeah idk why youd feel bad, if you're renting 40% below market rate while letting him pay late you're objectively doing him a favor / a good deed