>just rent out your mortgaged house and keep buying more to rent them out so you never have to work
>you have what people need so you're guaranteed money
Why do people encourage house hoarding so much? Do they not realize being a landlord of an apartment complex is for profit while houses are for living in?
Landlord/stealing
if its so easy, try doing it yourself.
Such a trick doesnt work here because rents are lower than mortgages. I was very surprised to find its not like that in USA, doesnt make sense to me, why would anyone rent for more than a mortage in a country with extremely low mortgage down payments.
Like "yes i want to pay more each month and also have no equity"
Here, you have to put at least 25% down payment and you still have to pay the bank because rents
I never said it was easy, I said it's moral theft. Though many people have the misconception that it is easy because they think it's super easy to find good tenants, make legal agreements, call up repairs without being present, and instantly profit by charging 200$ above their mortgage. Oh and they think any house is instantly desirable and good people will rent your home.
Because most people in America cant afford a mortgage that is in an area that won’t be full of subhuman shitskins within the next 20 years
>I never said it was easy, I said it's moral theft
How is it theft? Its just a shitty below average investment scheme. Do you consider the concept of investment a theft?
Investment: You put 100 dollars into a business, you get 5 dollars after a year plus the original so you have 105 dollars. No work, just put money and get a return
Is that theft?
>Though many people have the misconception that it is easy because they think it's super easy to find good tenants
Its not easy because its a shitty investment with low returns. For that matter you can give the property to a rental company manager to do all the work for you. Its still a shitty investment.
You probably think farming is theft since you plan a single seed and then get many seeds from the plants so immoral gain
>hoard land and rent it out to have people pay your mortgage instead of buying a houuse
>refusing to sell your house and owning multiple houses that you don't live in
I bet you think it'd okay for elites to build their 10 million dollar homes, raise property taxes for everyone else and not live in them, while people struggle to get a 100k house or pay their mortgage on an overpriced 500k house
Farming isn't theft because it provides and gives back to the community. Hoarding property does nothing for the community. Demolishing homes to build rental properties does nothing for the community. Hoarding multiple houses so you don't have to save money until you die is a moral theft. Sell your house, don't hoard it unless you need it.
If you have no kids with several houses you should kys. Only own multiple houses to further your lineage.
>why would anyone rent for more than a mortage in a country with extremely low mortgage down payments.
Because the bar to getting a mortgage is a hell of a lot higher than finding somewhere to rent. Fucking idiot
oh shit, this is where the economic principles of communism and capitalism intertwine
America the brave communists
Can you actually have an argument instead of repeating the same in a smarmier form?
Do you have a problem with the concept of investment?
>Farming isn't theft because it provides and gives back to the community
How is providing houses not giving to the community?
>forcing people to own nothing is giving back to the community
>Because the bar to getting a mortgage is a hell of a lot higher
So you have to pay a down payment? Or prive you have good stable income? Or both?
I see you have zero arguments. Your smarrminess isnt an argument. Writing the same shit again in greentext isnt an argument
Now say yes/no if you have a problem with the concept of investment. Of using money to get money without adding any labor. Do you yes or no?
That was a good strategy for ultra low interest rates before the prices went retarded. You fixed up older duplexes in up and coming neighborhoods, personally helping to gentrify them. Nothing better than turfing niggers out of the places they grew up. The happiness of knowing that niggers get out of prison and can't afford to live on the street where they grew up, and you and your friends did it. Almost as good as profits.
You fail to realize that removing a product for sale permanently does not help the economy or give back to anyone. There is a difference between making an investment via supplying money and trust they will multiply the money, and purchasing every single car in the country and telling everyone they can only pay to use it but never own it. Money drain and wealth hoarding. Allow steady flow of products or produce resources.
It's acceptable to sell your house for profit, you give someone. Unacceptable to accumulate houses and never sell them and make hoarding land a business by exploiting someone's basic need.
Its amazing to read these threads people think homeownership and property maintenance is easy or that hiring people to do all the work is cost effective. Its a fucking grind eitherway. I got lucky and have a good older tenant. I could get 60% more for renting to someone else but hes genuinely a good human and i’m glad to have someone i know isnt gonna ruin my house. Its not easy for anyone. Except jews b/c they take advantage of people. Fuck that.
Pretending you're illiterate isn't an argument. Saying smarmi isn't an argument. You can't justify hoarding wealth and permanently removing the ability to own things.
beware the leaven of the pharisees bruh
Go fuck yourself. Insurance and realestate are the fastest most productive way to become a millionaire. You provide a service. When people are valuable they'll make enough to buy property. If you were smart you dumb commy, you'd buy a duplex and live in one side. You rent the other and love for free. Live there long enough and you own it outright and pay no capital gains on the profit. Why don't you work extra hard and save the down payment, pay your bills so you build credit, then live for fucking free?
>You fail to realize that removing a product for sale permanently
So when i buy a bag of skittles i remove that item from the market, permanently. Am i hurting the economy because i bought some skittles?