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This person has no idea what he’s talking about and we should all ignore him accordingly.
Comment on Fucking leeches
finitebanjo@lemmy.world 1 day ago
In this specific example the 4 rental homes likely don’t even pay for themselves. Add up the mortgage, insurance, maintenance averages, and property taxes then divide by units and subtract the average rent (include vacancies in the average): that’s how much you make per tenant.
At most I could see a profitable location with 4 units covering groceries and vehicles, but not vacations. You would need more like 8 or 9 units for that.
This meme seems to specifically target mom & pop level operations. If the Tenants are really such victims they should just get together buy the property out.
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This person has no idea what he’s talking about and we should all ignore him accordingly.
thisfro@slrpnk.net 1 day ago
If they could do that, they could probably buy a better place and wouldn’t have to live there.
finitebanjo@lemmy.world 1 day ago
And if they can’t do that then there are no alternatives to either renting or homelessness.
thisfro@slrpnk.net 1 day ago
The financial system is failing since decades, maybe we need to make bigger changes
finitebanjo@lemmy.world 1 day ago
Vote Blue