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TopicSeriously, never be a landlord
Far-Queue
12/08/21 8:46:55 AM
#39:


Jen0125 posted...
Sell the house so an actual family can have a home instead of you hoarding land for profit
That won't solve the issue. There needs to be more new (and affordable) housing built. There will always be a demand for rental space. The only way I see to get rid of landlords would be to subsidize housing en masse. That comes with its own problems. Not sure if you've ever lived in government housing, but the gov isn't always the best "landlord", either. Not saying that government housing isn't a viable solution for the future, but it would need to be handled properly and current gov housing structure would need a serious overhaul.

Not sure Turt's situation but I own a three-story tenement. It's not a single-family home. I would have to either tear the house down and build a single-family unit, or completely renovate the house that's there and sell it as a very large house... It would not fit most families needs as it would be much larger (and as such more expensive) than what most families are looking for. Also probably wouldn't work because the people that would buy it would probably just convert it back to a three-family lol

I have a house with an in-law that I rent out, too. Also not a viable single family home. It is detached from the main house, but for me to sell it as a single family I'd have to petition the town to divide my property, which comes with a host of hurdles on top of not being assured that it'll get approved.

I try to be a sensible, attentive, and caring landlord. My rental units are priced below the area average, in both locations. As stated earlier I have them regularly maintained, including bi-monthly yard work in the summer and snow removal in the winter. Both properties don't have electric bills because they're on solar. They have newer roofs for the same reason.

I've only held a tenants deposit two times. Don't feel like I'm some greedy slum lord, but I dunno maybe my tenants would disagree

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