Yeah. I think there is a pretty big difference in the dynamic between a person who owns and directly manages rental properties and a corporate land lord that exists purely to extract as much money as possible from a tenant.
Ya, I don’t love the mom and pop landlords who own a few rental properties as a way to actually retire at a reasonable age. They aren’t the same as fucking blackrock and the other corporate landlords who grew at exponential rates after the 08 collapse and have worked so hard to make housing unaffordable. At least the small guys seem to give a shit about their property even if they’re scumbags. So if there’s a water leak, mold etc they’re probably more interested in fixing it so it doesn’t get worse.
I think it’s the “said no land Lord ever” bit. There’s a lot of investment property owners with hundreds of units that can be shady AF. It’s just tough to be the " I can handle this mortgage if I get a basement suite rented out and work really hard" and get lumped in.
If it is the landlord’s primary home then they should not be lumped in. Renting out a room to help pay mortgage on the home you live in is not the problem. It’s the second homes, the third, fourth, tenth, hundredth homes where it is an issues, and I do think we can lump all of those together. They are using our limited housing supply as a portfolio piece, inserting themselves as profit-driven middle-men and making it less attainable for lower income families.
Entities that buy and own homes purely for “investment” at any scale are the problem. For-profit housing should not exist at any level. Want to own a second home and rent it out to cover the costs? Sure, but require that it be a non-profit.
The corporate owners and management companies have always been the problem. Individual owner landlords of course have a risk of being picky, nosey and overbearing, but 99% of the time they just want to preserve the investment value of their property while ensuring it pays for itself instead of being a huge money pit. Corporations are in it to maximize profit extraction by doing the minimum legally required maintenance (if even that), and literally nothing else.
Yeah one of my better landlords was a sparky that worked hard af. This is Aus though so might be different. Any time we reported shit with the house he was out the immediately when he didn’t have a job to fix it personally and you could tell he was hot shit at his work too because he had his own business.
I was gonna say, I’m a landlord and I work Monday to Friday… and I rely on your rent check.
Yeah. I think there is a pretty big difference in the dynamic between a person who owns and directly manages rental properties and a corporate land lord that exists purely to extract as much money as possible from a tenant.
Ya, I don’t love the mom and pop landlords who own a few rental properties as a way to actually retire at a reasonable age. They aren’t the same as fucking blackrock and the other corporate landlords who grew at exponential rates after the 08 collapse and have worked so hard to make housing unaffordable. At least the small guys seem to give a shit about their property even if they’re scumbags. So if there’s a water leak, mold etc they’re probably more interested in fixing it so it doesn’t get worse.
Exactly what I was getting at. Funny how we’re saying the exact same thing but I’m getting slammed, isn’t it.
I think it’s the “said no land Lord ever” bit. There’s a lot of investment property owners with hundreds of units that can be shady AF. It’s just tough to be the " I can handle this mortgage if I get a basement suite rented out and work really hard" and get lumped in.
If it is the landlord’s primary home then they should not be lumped in. Renting out a room to help pay mortgage on the home you live in is not the problem. It’s the second homes, the third, fourth, tenth, hundredth homes where it is an issues, and I do think we can lump all of those together. They are using our limited housing supply as a portfolio piece, inserting themselves as profit-driven middle-men and making it less attainable for lower income families.
Entities that buy and own homes purely for “investment” at any scale are the problem. For-profit housing should not exist at any level. Want to own a second home and rent it out to cover the costs? Sure, but require that it be a non-profit.
The corporate owners and management companies have always been the problem. Individual owner landlords of course have a risk of being picky, nosey and overbearing, but 99% of the time they just want to preserve the investment value of their property while ensuring it pays for itself instead of being a huge money pit. Corporations are in it to maximize profit extraction by doing the minimum legally required maintenance (if even that), and literally nothing else.
Yeah one of my better landlords was a sparky that worked hard af. This is Aus though so might be different. Any time we reported shit with the house he was out the immediately when he didn’t have a job to fix it personally and you could tell he was hot shit at his work too because he had his own business.
Is a sparky an electrician in Australia?
When I worked in construction (Midwest US) we called 'em sparkies too
I was gonna say I hear it heaps in Aus but I’m pretty sure Americans use it too.
It’s considered more polite than “elekchicken.”