Shoulda coulda. Owning a property you rent out isn’t “free”. You do have to work on it too, you still have to fix stuff, small and big, or pay others to fix it for you. You are shelling a lot of money for something that will bring you more money from rent in 15 years or so.
The issue isn’t with a family renting out their old flat to people, or building a box of flats with their retirement money. The problem is huge corporations owning every single flat in a city, or huge corps building all the houses and having insane prices.
The issue isn’t with a family renting out their old flat to people, or building a box of flats with their retirement money.
It actually is the issue if they can’t actually afford to manage/maintain the property. Maybe it’s not their fault they’re a slumlord, but they made a choice to use a property as a rental, and if they can’t keep up with upkeep… that’s on them.
Shoulda coulda. Owning a property you rent out isn’t “free”. You do have to work on it too, you still have to fix stuff, small and big, or pay others to fix it for you. You are shelling a lot of money for something that will bring you more money from rent in 15 years or so.
The issue isn’t with a family renting out their old flat to people, or building a box of flats with their retirement money. The problem is huge corporations owning every single flat in a city, or huge corps building all the houses and having insane prices.
It actually is the issue if they can’t actually afford to manage/maintain the property. Maybe it’s not their fault they’re a slumlord, but they made a choice to use a property as a rental, and if they can’t keep up with upkeep… that’s on them.