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Comment on Hexbear federation megathread

Hey that’s all you bud. I mean the numbers are made up and the facts don’t matter apparently. But cool story.

Meanwhile I’m still going to go with providing homes at a reasonable price. You do what you do and I’ll do what I do- curious which of us gets something done.

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betelgeuse@hexbear.net ⁨1⁩ ⁨year⁩ ago
If you provided them at a reasonable price you wouldn’t make any money. Kinda telling on yourself there. The only way your business works is if you charge more than your mortgage. The bank is charging you for borrowing money so even they’re marking it up. The reasonable price would be the price without the bank’s markup and yours.

But hey you’re the Donald Trump of lemm.ee, so don’t let anyone ever tell you how da business goes. You grab your copy of Rich Dad Poor Dad and you solve the housing crisis by doing credit checks and marking up rents.

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- Firemyth@lemm.ee ⁨1⁩ ⁨year⁩ ago
  Oh man you got me. Yeah I do charge more than my mortgage… I mean any amount is greater than 0… so oof yeah… you totally got me.
  
  I totally mark up rent too- definitely. Have done it 0 times. Man. Got me there too.
  
  I’m horrible for making my rent a couple hundred below market value too. Oowee.
  
  I did happen to read rich dad poor dad. It’s does have some solid advice on pretty basic principles of building wealth and avoiding debt. Oh man so bad of me.
  
  Tell me more about myself mystic of the commune.
  
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  - betelgeuse@hexbear.net ⁨1⁩ ⁨year⁩ ago
    If your goal was to house people then you could just charge the amount of property tax since your mortgage is $0. So, oof, yeah I do totally got you. Your investment is paid off, since the house is paid off. The only thing left is just wanting people to pay you for nothing.
    
    Embrace what you are. Stop trying to abstract it behind being a saint or appeals to the market.
    
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    Firemyth@lemm.ee ⁨1⁩ ⁨year⁩ ago
    Akshually, I’d have to charge for maintenance, property taxes, pest control, property manager fees etc. But yeah I COULD do that
    
    Yeah I’m renting the place out- yeah because I own it and don’t live there anymore I came up with a better idea. Sure I could just sell it I suppose- but I’m just gonna go reinvest that money elsewhere and you’ll have an equal problem with that.
    
    That’s not my goal. Never said it was. I’m building wealth for myself and family. I don’t plan to work forever and this is my way to retirement.
    
    Not a saint- never claimed it. I have some news for you- you aren’t either. Else you’d be at a food kitchen feeding the hungry. Or working the local shelter. Or even better providing your place as a shelter. But man oh man am I willing to bet you aren’t housing anyone for free either.
    
    Embrace what you are rather than trying and failing to claim some moral high ground and simultaneously proclaiming your ideology isn’t about morals.
    
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