Comment on Fucking leeches
electric_nan@lemmy.ml 1 day agoThis is tough, because even though you are charging your tenants the exact amount of your minimum mortgage payment, you are still earning equity in an appreciating asset-- eventually you will be able to turn their rent payments into profits. Now, in my opinion, your level of exploitation is very low, and barely worth considering at all.
golden_zealot@lemmy.ml 1 day ago
I would like to move back into my home when it is affordable, but these people are so wonderful that at whatever juncture I owned the property outright and was not paying mortgage, I would lower the cost of their rent to just the insurance cost if that happened, and allow them as much time as they required to find something that works for them before doing so. I know they would understand. I have been up-front about my situation with them from the very beginning because I am not a liar. I am incredibly fortunate to be afforded the potential ability to do such a thing, because my parents are not too concerned with the living situation. It would also bring me immense joy to only charge them $700 or $800 as rent if the mortgage were paid off, just to cover the insurance costs.
Like I said, I never want to exploit anyone. I just want to try to survive like anyone else, to keep what I have. If there are opportunities along the way to help other people, I would much rather that, and if is costs me an absolute zero, or occasionally a little into the negative at this point, that is fine by me. I would love to have these people live in my condo forever for the actual lowest possible cost, or to have their own fully owned home, but if I go bankrupt, the fucking bank or insurer will just take the condo away from both of us.
Thank you for your opinion.
tempralanomaly@lemmy.world 1 day ago
Its more of the levels and degrees of action taken rather than the action taken itself.
a person owning 1-3 properties, properly maintain the properties, not gouging the heck out of their tenants and looking for long term tenets who will be allowed to live in the property (hang pictures and make it to a degree their own) is in the realm of what i would consider a ethical.
As opposed to slumlords who buy properties to exploit for maximum profit, barely maintain it and cycle through tenants who occupy and pay for it for 1-2 years before moving because of constant rate increases.
Its the ethical and humane management vs exploitive management.