It takes labor to maintain properties.
It’s nice you think a landlord maintains their property but I have some bad news for you.
Wow you’ve met every single landlord in the entire world? That’s quite a feat.
Unless of course you’re full of shit. Which you are.
I do almost all the work on my properties. And when I don’t, my handyman gets $50/hr minimum.
Great thing your personal anecdote is so representative of the norm. /s
I’m sure it means a lot to the people who can’t get their stairs/water/roof/etc fixed for months at a time because their landlord is a pile of shit.
You know, I know there are racist white people, but I don’t strut around minorities pointing out how “I’m one of the good ones” telling of all my good anti-racist deeds because that’s fucking classless and defensive.
Yeah, we know, you are that unicorn that rents out your properties for the cost of utilities and don’t profit massively from it. Even if you are not lying on the internet (I know, preposterous), you are that unique one. If everyone was like that the problem wouldn’t even exist.
Labor that they (under-)pay someone else to do, using the money that we (over-)paid them for the privilege of paying the mortgage (plus profit) while receiving no ownership in return.
They don’t reside there, they don’t do any work there, and they didn’t even put up the money — the bank did.
To quote Office Space: What would you say you do here?
If you don’t pay your mortgage then you’re paying someone else’s mortgage, and taxes, and insurance in exchange for a place to live. That’s how it works. Don’t blame the player blame the game. I’m not a landlord but how you gonna have rental properties without landlords?
In other words, there’s a good fucking reason they call it “passive income.”
