• iopq@lemmy.world
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    10 months ago

    My mom is the landlord and remodeling houses IS her work. She was a stay at home mom until I grew up, that’s what she does for a living after she divorced my dad. She lives on the rent of her properties while she does each project

    • CileTheSane@lemmy.ca
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      10 months ago

      She lives on the rent of her properties

      This is exactly the thing people have issues with. The whole “I am the breadwinner of my landlord’s household.”

      • iopq@lemmy.world
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        10 months ago

        That’s why I thought she should just buy stocks and live off dividends instead. I mean, any investment has a rate of return or people would not buy it

        • CileTheSane@lemmy.ca
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          10 months ago

          Yup, and housing shouldn’t be an investment. It can be affordable, or an investment, not both.

          • iopq@lemmy.world
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            10 months ago

            Then you should support less zoning restrictions and lower development fees to increase the availability of housing.

            • CileTheSane@lemmy.ca
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              10 months ago

              I do? But I also support laws that heavily tax owning secondary properties. Building more houses is not helpful if they just get purchased by landlords.

              • iopq@lemmy.world
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                10 months ago

                Landlords follow market pricing, so if there’s enough housing the prices go down. Landlords are not the reason rent is high

                • CileTheSane@lemmy.ca
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                  10 months ago

                  Landlords are not the reason rent is high

                  If being a landlord is profitable where do you think that profit comes from? Logically landlord’s need to be making housing more expensive so they can get their cut.

                  • iopq@lemmy.world
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                    10 months ago

                    Return on investment. Not everyone has money to buy a house. Home prices being high keeps rents high. Increase housing supply and it will resolve the issue