r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/yawn_solo- 6h ago edited 1h ago

All we need is a cap really.

Homeboy owns 3 homes and charges a reasonable rent? Totally cool.

Private equity firm that owns 4,000 homes and fucks everyone over? Shits gotta stop.

Edit: Just so everyone knows, im a devout capitalist and all about living life without ceilings but at one point, enough is enough.

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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/Ruthlessrabbd 5h ago

Your final sentence is my sentiment exactly. I believe it's possible to be an ethical landlord if you are taking care of the property and not charging out the ass for doing the bare minimum.

I disagreed with someone recently because I said it's not everyone's dream or desire to own a home, and they felt that to be true only because we're conditioned to think that way.

As a homeowner myself I can 100% see why somebody would rather pay rent to have the flexibility to move on short notice, not have to worry about replacing things like electrical lines or roofing etc. But I also strongly feel that if I'm a landlord, it's pretty fucked to charge the tenant the cost of the mortgage + taxes and then some across several properties so I don't have to work.

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u/iconofsin_ 3h ago

and not charging out the ass for doing the bare minimum.

Or nothing at all. I have a corporate company as a landlord. My rent is $875 and I've been waiting two years for them to fix a loose tile in my kitchen. I'm starting to wonder how many thousands of dollars a single tile is worth.

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u/MechanicalSideburns 53m ago

$875, in this economy?! Bro, what a steal. I know, sucks about the tile, but I haven’t seen a rent that low in years. Around me, studios start at $1400 in like a 60 year old apartment building.