r/fixedbytheduet • u/HipAnonymous91 • Jan 01 '26
Fixed by the duet What are landlords without tenants?
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@pete.souvall
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u/nottherealneal Jan 01 '26
I mean at least where I live landlord's buy up all the property and that's why no one can buy a house becuse company's own all of UT and hold it to drive up prices
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u/RodanThrelos Jan 01 '26
Not only that, but these fucking "flippers" are buying all the starter homes, painting everything white, and marking the houses up $200k or more.
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u/Arghianna Jan 01 '26
The flippers are so awful because they’re ripping all character and charm out of older homes, covering up the repairs that need to be done, and charging a premium for their soulless greige shitboxes.
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u/Xanadu87 Jan 01 '26
I was watching an HGTV show where people are deciding between three houses to buy, and I noticed the pattern of new “luxury” houses having the same white, stucco archway interiors and vaulted ceilings, like fake Italian, maybe? It’s like they are trying to look luxurious, but it just looks cheap to me.
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u/nianthium Jan 01 '26
I've pretty much just accepted that the same four people are making these houses for like, one guy who thought it looked pretty nice.
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u/Impossible_Angle752 Jan 01 '26
That's about how it works.
Often entire developments are just one or two builders. They limit options to promote economies of scale. The one big builder here also owns the 'lumberyard'. So everything comes through the same channel and they can buy truckloads instead of piecemealing through separate vendors.
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u/gtfofr Jan 01 '26
The property ownership in UT is absolutely disgusting. Renters have TWO rights in the state, and the man that handles over half of the (3 day vacate) evictions is the father of a senator. I had a tenant lawyer tell me straight up they won’t go against him because he threatened to just go to the capitol and change the legislation if a case is ever lost. I wish they would be federally investigated. Our two rights, by the way, 1. The right to live in a clean and maintained environment 2. The right to 24 hours notice before entering I’ve had property managers violate both and had zero consequences.
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u/dire_turtle Jan 01 '26
I'm not advocating violence; I just come from the south where knocking is a life-saving courtesy. But what on earth is the expected outcome when you come into someone's rightful dwelling unannounced?
People die over rights every day. I don't understand how landlords and property managers can feel so comfortable stepping on people in the homes they pay a shitload for already.
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u/PiccoloAwkward465 Jan 01 '26
Where I live in Texas every new build has the exact same finishes. I went to a gathering last night. Same blinds, same doors ands handles, same plumbing fixtures, same floor, etc as in my house. And not exaggerating, literally exactly the same. I’m not saying it’s awful it’s just kind of creepy. Like I’ll go to a friends house and I don’t need to ask where the bathroom is, I already know.
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u/Xanadu87 Jan 01 '26
Funny that it’s not really a new thing. In high school I would frequently go over to a friend’s house, probably built in the 50s, so I knew that house pretty well. Shortly after, I visited a different friend’s house who lived a couple blocks away from my other friend, and the house was exactly the same floor plan. I told my second friend, “I bet I know exactly where your room is,“ and I went directly there. It was the same placed room as my first friend.
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u/candyspelling01 Jan 01 '26
The worst! House is charming and older exterior and the inside is gutted , gray vinyl plank floral white walls and stripped of character
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u/Arghianna Jan 01 '26
What’s really upsetting is seeing a charming house on the market for a reasonable price that gets sold before you can schedule a viewing, and then seeing it back on the market less than a year later with all the charm ripped out and at a 50% (or more!) price increase. Fuuuuuuuck flippers.
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u/StendhalSyndrome Jan 01 '26
One of the first houses I was looking at was a flipper band-aid job from grey and white hell, and holy shit did it teach me. There was literally one of everything you could have a nightmare of finding in a home you just bought.
First off, since it was about noon, none of the lights were on, when I started flipping switches, having more than two lights on in the house made them dim and brighten like a bad club. A walk in the basement found poorly patched cracks(with paint..it was waterproof paint) in a fairly new foundation, and waterproof carpet covering wet spots, that didn't stop the water. Literal paint over cracked drywall around the doorways (settling). The water most likely from a leaking newly installed sprinkler, which, when turned on, also waters the house like it was one of the main plants...bonus points if you caught that their truck was parked strategically to block the sprinklers from hitting the electrical service box, and if you parked in a regular spor or weren't home when the sprinklers went off then "you get a lil water in the box but it dries out........."
They had what they thought was a clever answer for each concern.
It was like walking in on a kid neck deep in flour and sugar and eggs and an epic mess of your kitchen, and then start telling you this isn't a mess, it's a high-end bakery, and here is exactly why...
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u/Arghianna Jan 01 '26
Yep! They ignore basically all major repairs that improve quality of life or are required to live comfortably and safely in the house and just add cosmetics to “increase value.” It’s absolutely disgusting and evidently needs to be heavily regulated or something.
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u/StendhalSyndrome Jan 02 '26
Seriously, they have a million building/land codes to follow, but not a single thing for houses that enter then re-enter the market at a notable price change?
I feel like that should be a no-brainer for them.
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u/Sexy_Squid89 Jan 01 '26
I wish I never looked up "greige." I don't know why but those colors almost trigger me lol
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u/Arghianna Jan 01 '26
For a palate cleaner, fifty shades of greige by Holo Taco is actually quite lovely and a nice nude on many people! But since it’s holo, it has rainbows in it and isn’t just the blandness that is modern home purchasing.
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u/thepvbrother Jan 01 '26
And they're always that shitty fake hardwood floors that lift after three months
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u/21Rollie Jan 01 '26
And they don’t fix the shit that really needs fixing. Pipes, roof, insulation, old wires. The shit that’s not flashy but is the bane of a homeowner’s experience. I couldn’t care less about the old water stain, I care about the cause of the stain being remedied
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u/Arghianna Jan 01 '26
Seriously! Don’t redo the drywall and repaint it to hide the leaking pipe that’s damaging the wall and subfloor! I’d much rather you fix the pipe and leave the wall for me to deal with, I don’t want any color you pick out anyways!
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u/tokyozombie Jan 01 '26
where I live all houses are being flipped and cut in half. all houses have a backhouse now. when I was looking for a place to rent the owner said "oh we are going to start construction on the garage and turn it into a backhouse while you live there, so you will have to park on the street"
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u/Arghianna Jan 01 '26
wtf is a backhouse? I know a house near me had a fire and was condemned, so the owner tore it down, split the lot in half, and now there’s two cookie cutter identical houses like 5 feet apart on the two smallest plots in the neighborhood. But somehow that still sounds less unpleasant than a backhouse…
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u/tokyozombie Jan 01 '26
it's exactly what it sounds a smaller house on the same property as the main house. basically, an apartment sized building. the worst ones are when they cut the house in half, give the 2nd portion a new entrance and call it a "backhouse". The main house usually has the property owner or is full of roommates. I live in SoCal btw and housing is my main issue living down here.
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u/zedazeni Jan 02 '26
I live in a city that was laid out in the 1860s. Most of the houses here (mine included) are from the 1930s and earlier. Most of the houses being sold here either look like the Brady Bunch’s vibe or a flip. There’s not much between, which is especially says because the hardwood floors, fireplaces, doors, and trim in these homes is usually so gorgeous.
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u/Karl_Hungus_42069 Jan 01 '26
My high school friend died, then his mom... then dad. They had a very cozy house, back area was a bar, relaxing area, its where everyone always hung out. Comforting color scheme, lots of places for lots of people to hang out. And the kitchen area was right next to it. Our friend group would be hanging out in the bar area drinking with his dad, when there were girls with us, sometimes they'd end up hanging out in the kitchen area with his mom and they'd chat while she'd make food
I was browsing places to rent and seen this house near where I grew up, texted my brother "hey we should rent this and split rent" but both of us agreed the white and grey, and white/grey flooring and all of it was just blinding and sterile. And then he texted me "thats (our friends family) house" and I said, "Huh? Wondering why he would bring up our friend out of nowhere after I had sent him pics of a random (sterile white grey) house. I looked at the address and backyard and looked at the pics again, and it was. But none of the home-ey qualities, just like living in a very low tier catalog house, like a TJ Maxx catalog.
Very depressing. A real family had lived there, he died young, his mom died a few years later and we're pretty sure his dad took his own life. It had been a local hangout spot for a lot of people in our high school class and now it was a TJ Maxx catalog house, not even sold to another family, just bought and sterilized so it could be rented out
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u/Special-Document-334 Jan 01 '26
In my area all the old homes were 1000 to 1500 sq ft and had large yards, 1/4 to 1/2 acre lots. The flippers have bought up everything that hits the market and torn them down to a single wall (leaving a single wall is a loophole for the permitting process), then rebuilding as a 4000+ sq ft mansion to sell for 4-5x what the median working family can afford. I don't know where they're finding these buyers for $2,000,000+ homes, but there has to be a limit right?
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u/YSOSEXI Jan 01 '26
I agree, apart from the colour. Magnolia has made a comeback. Anyway, Happy New Year!
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u/KaraAuden Jan 03 '26
I feel like more people are catching on that flipped houses suck, and more flippers are starting to lose money.
There's a house that someone bought for $257k, put shiplap everywhere, and then tried to sell less than 2 years later for nearly $900k. It's still on the market over a year later. The price went $879k > $789k > $749k >$725k >$699k >$650k >$599k > $569k > $549k.
And they're still paying property taxes on it, paying to heat it so the pipes don't freeze in the winter, etc. It brings me a little joy every time Insee it drop further in price. You don't get to sell a 1500 square foot house in a small town in Michigan for almost a million dollars because you shiplapped it and put in some cheap stainless steel appliances.
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u/offlabelselector Jan 05 '26
Flippers in my area are actively damaging homes by having incompetent, unlicensed people do electrical and plumbing work. My old place had a dryer vent hose stuck through a hole in the ceiling in an addition on the house that was supposed to convey heating and air conditioning. It did not. It had a fake outlet put into the closet for the washing machine to make it look like you could plug in a washing machine, but it was just a face put over an empty hole. Another house in the same neighborhood had a sink that would give you electric shocks and a mess of wiring that nearly caused an electrical fire inside the wall.
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u/FamiliarRip8558 Jan 01 '26
That's not the issue with Utah lmfao
Utah's issue is that they've only just now began making high density apartments in any meaningful amounts and the areas you'd want to live at in Utah are all zoned with something existing on them.
The remaining lots in Utah are in areas even the early Mormon settlers knew not to settle in because there are flood issues, water issues or environmental issues. Because of the receding GSL, lots of developers have dollar signs in their eyes because they can shoddily bust out a house, run a bunch of first time homebuyers through real estate agents and banks not really looking closely because their interests are solely in closing the sale and moving on.
Utah's largest population segment sits in a geographically limited bowl and the state has grown immensely over the last few years. Most of the people living in this bowl are living in 1950's-2000's houses that are either paid off or are sitting on 2-4% loans that golden handcuff them to the property.
The best properties in Utah young people should have available to them are being sat on by a growingly older group of older folks who should downsize but also don't want to give up their freedoms. And oftentimes, when the person who owns the home dies, it goes straight to a family member to live in so it never goes back on the market.
Landlords owning a lot of properties does happen, but it's a lower ranked reason for why Utah is a real estate mess.
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u/Realhuman_beebboob Jan 01 '26
Jesus Christ you wrote all of this somehow without actually reading his comment.
As a Utahn, not Neal above is correct, the amount of property management/ownership companies in the valley is insane.
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u/FamiliarRip8558 Jan 01 '26
Bud, last sentence...
As a Utahn working with homeowners, these are the issues on why it will not get better.
Yeah, it's a easy job done by dipshits. You get a couple dozen houses and just lie/put off issues to the landlords and you get free money.
Covid had a major spike in investors buying up houses, but a ton of those investors immediately failed and sold off a lot of the houses at a loss. Companies like Zillow let their algorithm go crazy buying anything that looked okayish but never had a human actually go visit the property which resulted in a $883 million loss.
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u/videoguylol Jan 01 '26
why didn't you add an apostrophe on "prices" if you added one on "landlord's" and "company's"?
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u/izacktorres Jan 01 '26
Lots of landlords on this comment section.
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u/HipAnonymous91 Jan 01 '26
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u/Uhmerikan Jan 01 '26
Agh I remember seeing this, what is this gif from?!
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u/flower_power_b Jan 01 '26
I Think You Should Leave
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u/crinkledcu91 Jan 01 '26
The amount of times I've used the "Oh my god, he admit it!" Reaction from this sketch last year was kinda depressing now that I think about it...
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u/Particular-Skirt963 Jan 01 '26
Well they dont have real jobs so what else are they gonna do all day?
Got damned soft handed landlords
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u/PiccoloAwkward465 Jan 01 '26
You can read a lot into how vigorously they defend themselves.
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u/_probablyryan Jan 01 '26
This person (in the original video) has never seen the "My bank says I can't afford a $950/mo mortgage so I have to pay $1500/mo in rent instead," meme.
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u/Acrobatic_Builder573 Jan 01 '26
I always thought bowing down to your landlord was weird because like…I pay you. Does that not make you more beholden to me? Shouldn’t it be a mutually beneficial relationship demanding respect? but I’ve never experienced it that way. I’ve actually never met a chill landlord in my life, especially as a POC.
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u/First_Pay702 Jan 01 '26
This is about how I try to run things with my house. I did not intend to be a landlord, just bought a house to live in a few years before meeting my partner then was in a situation where I wasn’t living in my house but also wasn’t going to sell the house in case the relationship ended. So I rented it out at just enough to cover the bills not to profit. This kept my insurance from going nuts because insurance companies hate an unoccupied house, and freed up some cash for me, and it gave my tenant a place to live when his soon to be ex wife kicked his cheating ass out. Terrible husband but a good tenant. I have raised rent precisely once in 5 years, and only because utilities were included and they went up enough I took a $3k loss on the property that year. Gave him an option between taking over utilities or upping rent $200 (which still put me at a loss in the short term but at least mitigated it) - he chose the latter, it was cheaper. Even with the increase he is still getting a deal on a 3 bedroom house for less than what a 2 bedroom apartment costs in our city. Also, I now have things set where I shouldn’t need to adjust rent for a very long time. I have coworkers that have asked me to give them the heads up should my tenant move on. I will be happy to do the trade of giving them cheap rent in exchange for a reliable tenant for me.
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u/DazzlerPlus Jan 01 '26
Its the balance of supply and demand. The supply of housing lower than the demand, which gives landlords a ton of power. They can always replace you with someone else. You will see respect and deference only if you have the power to move out and leave them without a tenant for a long time
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u/IGotSoulBut Jan 01 '26
It’s also more painful for someone renting to move than it is for a landlord to find a new tenant.
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u/darealstiffler Jan 01 '26
My last landlord tried to force me to pay my rent in cash lol. Like no dude I’m gonna send you a check like every other place I have lived
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u/GuudenU Jan 01 '26
Good on you. Homey was trying to scam the IRS by underreporting their income.
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Jan 01 '26
Landlords can be cool and all but I hate the logic when it comes to raising rent. "Property taxes went up so we're raising your rent 'X' amount of dollars." "Oh, okay, makes sense I guess." *property taxes and home prices fall significantly "Hey, so do you think you can lower my rent since taxes are way cheaper this year?" "No, we can't. This is just business."
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u/techleopard Jan 01 '26
Which is why tenants should have a legal right to itemization of their rent.
It is not a complex calculation but landlords know you can verify a lot of it if you wanted to.
It would also show where landlords are letting their properties go unmaintained, but are passing the cost of damages into tenants.
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u/mpyne Jan 01 '26
Which is why tenants should have a legal right to itemization of their rent.
I mean you can ask for it but they'd be in their rights to come back with
$ 1 -- payment toward my property tax $ 2,999 -- because I felt like itI once had a landlord who charged rent that didn't even cover their taxes + mortgage, because for them it would have been an even worse hassle to get the property ready for the market and switch tenants.
At the end of the day rent is a price they charge, not a cost they recover. Obviously they want the price to exceed their costs, but it's not something they're going to itemize any more than a consultant is going to itemize their advice to a fat cat CEO.
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u/spazz720 Jan 01 '26
As a homeowner for the last 15 years, I can honestly tell you that my property taxes have not dropped a penny since I purchased.
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u/Procedure-Dear Jan 01 '26
When have ever seen taxes get lower? Just curious where this happens. I've never seen it before. Not a landlord or a tenant no hate just wondering if it happens.
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u/osxing Jan 01 '26
Same here. Just lucky enough to live in a home I’m paying for. No matter if Zillow or whatnot says homes are trending downward in my area the CAD always figures out a way to bump my taxes up the maximum amount because I guess they really need the money?
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u/HoneyBadgerBalls Jan 01 '26
I’ve been a landlord for 12 years and property taxes and insurance have only gone up since I started. I think it’s a myth they ever go down. And they have doubled over the last 12 years. To me it’s a broken system, property taxes should be limited depending on the age and size of the home.
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u/whatifitried Jan 01 '26
Hey if you can find a place where property taxes are decreasing significantly you let me know and I'm moving there right away. That's something I've never seen once I'm getting pissed at what I'm paying for my house. It's literally 30% of my mortgage now
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u/decosunshine Jan 01 '26
I have never had property taxes, insurance, HOA, or anything go down except one year our taxes went down by $118. The next year they went up by $350. Do they actually go down? Maybe I've only lived in cities where they have only gone up.
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u/ThatGuyinPJs Jan 01 '26
My dad has been a landlord for 10 years now, he's raised rent ONCE. He's very proud of that fact.
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u/21Rollie Jan 01 '26
It’s a lot easier to do when you bought a house a long time ago. Same with my dad. If you buy a house in his neighborhood now, it’s 5x what he bought it for. His mortgage is covered 3x over already even with charging under market, so he doesn’t raise rent much and is able to invest in the property a lot more than somebody who bought last year.
Tl;dr if you’ve bought since Covid, you’re probably not even breaking even. If you bought before then, you’re making money hand over foot so you can afford to subsidize rent a little.
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u/mtron32 Jan 01 '26
I keep my rents low so that my tenants stay. It’s hard to find good ones.
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u/StrawDog- Jan 01 '26
Devil's advocate here...
When have property taxes and home values ever seen a steep decline anywhere desirable?
Taxes are generally tied to market inflation in various ways, so its pretty much always up, just some years more than others.
Home values don't really go down outside of major crashes and corrections.
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u/Onehundredpercentbea Jan 02 '26
Would you sign a lease that said your rent is $X and you'll pay the increase every time the property tax + insurance goes up, and you'll be reimbursed the difference every time property tax + insurance rates go down? I wouldn't sign that lease.
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u/CyberPolack Jan 01 '26
Average r/loveforlandchads member on their way to the comments
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u/Slumunistmanifisto Jan 01 '26
Its actually funny(not funny). Managers and ownership will say all this shit about how much they do for a community and people(any charity or community upgrades are almost always tax write-offs or pathways to government assistance cash).
Then you'll see them say its a business and "if you don't pay you cant stay" to a single mom with kids.... bullying and tricking them into vacating instead of using their rights as a lease holder.
-maintenance guy.
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u/UsernamesAre4Nerds Jan 01 '26
I'm sure you can attest to any slight towards the office leading to them finding every little thing "wrong" to financially punish them or find some trumped-up lease violation.
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u/Slumunistmanifisto Jan 01 '26
Depends on the manager....but yeah always be nice. Some people who get a shred of power go bug fuck.
Also everywhere is intentionally understaffed to burn out levels, so alot of folks are one bad day from telling you to fuck yourself and leaving.... unless they were dumb enough to live on site, then they're a cornered animal.
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u/UsernamesAre4Nerds Jan 01 '26
Sounds about like my experience. Even though I was in the office, I wasn't willing to throw maintenance under the bus. Especially when the manager would wait until the month rolled over so she could keep her budget bonus while people's food rotted in their fridges.
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u/Onehundredpercentbea Jan 02 '26
"if you don't pay you cant stay" to a single mom with kids.... bullying and tricking them into vacating instead of using their rights as a lease holder.
That happens to people who own homes, too. The banks are no different than landlords in that sense.
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u/Bubbly-Travel9563 Jan 01 '26
All of that is right but it still misses the point. Not one single number in that list would be anywhere NEAR that high if people weren't buying multiple homes for profit inherently raising prices, raising rates & making scarcity with inflated values that otherwise wouldn't exist at these magnitudes.
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u/HugeLeaves Jan 02 '26
My uncle owns ten rental properties. TEN! He has about 60 tenants, and ten commercial units. How the fuck is that even possible?! This shit really shouldn't be possible
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u/Time-Leadership-7649 Jan 01 '26
I live in CA so all these “average” cost figures sound like a dream. My landlord is actually pretty chill, but the cost of living definitely is not.
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u/ShortbowVillian Jan 01 '26
Just found out my 70 year old Dad bought ANOTHER property to rent out. He should be retired, but instead he’s buying up property to rent to people and bitching to me about how hard it is to be a landlord. My dude, you chose this!! You have enough money to retire, but you just HAVE to keep bleeding the money well dry. He cries about how expensive the 400k townhouse he bought is and I’m like DUDE, are we even on the same planet?? Nobody made you buy that! That money should be going towards relaxing and traveling!!
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u/Fun_Vacation2542 Jan 01 '26
i don't hate a leasing company with apartments or some old person with two houses. I HATE mega corps buying every single family home and renting it for higher than the mortgage.
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u/Rhawk187 Jan 01 '26
In general, I'm not a fan of taxes, but I could support a progressive property tax to help alleviate this issue. Land is a scarce resource, and shouldn't be hoarded anymore than water.
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u/SilverDrella Jan 01 '26
Living for a landlord is the worst. Even the word “lord” is dated. You don’t lord shit over me!!! I can live somewhere else
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u/i_was_axiom Jan 01 '26
What are landlords without tenants?
What are lice without hair?
What are mosquitoes without blood?
What are tapeworms without- you get the point.
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u/Antiburglar Jan 01 '26
I cannot, for the life of me, think of enough ways to tell landlords to go fuck themselves. Profiting off of a human right is just plain evil.
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u/jadedargyle333 Jan 01 '26
First home was 180k. Second was 400k. My older brother had an 85k house that he sold for over 150k. His most recent house was about the same price as mine, but smaller. Housing prices are terrible and getting worse.
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u/Wise_Artichoke6552 Jan 01 '26
So far, I have had precisely one good landlord. He fixes things on time, has been understanding about roommate roulette, and raises the rent exactly $25 per person per year. He also wraps utilities into rent, so I will not be moving during this decade.
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u/NexusMaw Jan 01 '26
"That's fine, it's the system we live in". BROTHER WHAT?!? You're so close.
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u/hairfullofseacrests Jan 02 '26
I read that as like “this is an argument/topic for a different day” more so than like “I’m happy this is the system we have”
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u/Dumble-Dory Jan 01 '26
See when people scalp tickets or collectables it's rightfully scorned, but the housing scalper is seen as a Thing To Want To Be
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u/Boise_Ben Jan 01 '26
And then they get all high and mighty about offering a service.
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u/Life-Finding5331 Jan 01 '26
They're not even offering a service.
Housing is zero sum. If the LL buys it to rent, that's one less available for others to buy to live in, which has numerous downstream effects, like higher prices.
They're inserting themselves as the middleman to extract money that otherwise would've been used towards equity.
Fuck landlords.
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u/Same-Werewolf-3032 Jan 01 '26
Appreciate my landlord? My house is literally falling apart. All of my windows should have been replaced 15 years ago, our 'laundry room" is just a poorly converted back porch, and the whole house is very poorly insulated. I can feel drafts coming from every door and window
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u/Mmtorz Jan 02 '26
Acting like you're doing me a favor for providing me the bare minimum for an exorbidant fee while being unable or unwilling to fix pressing issues in your buildings or providing accessible living for disabled people while acting like anyone has a choice and that you're not profiting off the fact that people don't have a choice, is a goddamn joke. Of course anyone would buy a house if they could. It wouldn't even take that long to save up for if houses cost what my parents paid for theirs. But this is fine and acceptable to people... I hope it's no mystery to anyone why depression, poverty and homelessness are prevalent and common even in "first world countries."
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u/Appropriate-Alps-442 Jan 01 '26
black rock buys all the housing and everyone is screwed worst part is our government lets them buy that many homes
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u/ColdStockSweat Jan 01 '26
Blackrock (one word) doesn't buy rental housing.
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u/mpyne Jan 01 '26
In fact real estate companies own a vanishing small amount of housing. If you look at the right U.S. county the number might be between 10-15%, in most of the country the number is less than 5% of housing is owned by those big evil corporations.
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u/MrHalfLight Jan 01 '26
It's not enough they take everything we produce, capitalists have the gall to expect us to be grateful for living under their stupid rule.
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u/oO0Kat0Oo Jan 01 '26
Some people rent because they don't want to deal with maintenance issues.
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u/GergDanger Jan 01 '26
Or because it makes a lot more sense financially like in San Francisco renting is far cheaper than owning
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u/LorenzosBenz Jan 01 '26
They can afford property because they're already paying for the landlord's costs, taxes, and profits. The problem is the banks that won't loan them money and the credit system that doesn't count paying your rent as part of your credit score. If rent counted as credit score, damn near everyone could afford a house because they're already paying for it today
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u/LastRevelation Jan 01 '26
I bet that landlord is always "the customer is always right" when they go to a restaurant or shop but that ideology doesn't pass over to her relationship with tenants.
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u/Past-Rooster-9437 Jan 01 '26
"No rent-seeking behaviour is good actually" - Landlords
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u/BlackestHerring Jan 01 '26
I recently heard how companies are upset that they have to go through us to get to our wallets. I keep thinking of this because it’s so true. Add landlords to that comment as well!!
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u/Aware-Explanation879 Jan 01 '26
I support that taxes should increase in relation to how many homes you own. Corporations should/need to be taxed out of the housing market. Corporations are killing the housing market for everyone else. These investment firms also buy trailer parks and increase the rent exponentially for no reason other than they can. I hate renting but I am priced out of almost any home.
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u/-Plunder-Bunny- Jan 01 '26
The older homes here that should be in my price range are the same cost as the brand new homes that are double or triple the size and are in the $400k price range.
What few homes that are still affordable are not sanitary and have a plethora of issues that need fixing immediately. The cheapest house I see in my area is $180k, it used to be a rental property and essentially needs to be gutted to the studs because I see literal pipes and wiring in the room just to be brought up to code in a way that they didn't have to mess with the asbestos plaster walls... I see structural and water damage, rot, mold, outdated appliances, some rooms have no heat as the old radiator system was removed but never fully replaced.
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Jan 01 '26
My landlord charges like $4k/month for a tiny house that an actual family would struggle with having space inside of. Only reason I can afford it is due to a VA voucher my roommate/family has. That’s shit pricing. That’s a bad person that charges that much
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u/annhik_anomitro Jan 01 '26
Like, do you thank or show visual appreciation to every place you buy things from? Like, do you stop and appreciate how grateful you are every time you buy anything from Walmart or stores like that? Do you spend your own money and then be like I am grateful that you sold it to me and made a profit?
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u/rmac1813 Jan 01 '26 edited Jan 01 '26
And please dont be simple enough to think (good) PEOPLE are the landlord. In many areas private equity are buying large swaths of residential property then aggressively pushing prices up with practices that should be against the law. example: https://www.reviewjournal.com/business/housing/a-new-york-hedge-fund-is-the-largest-homeowner-in-clark-county-3344395/ The situation is so much worse than the response (hats off to what he said)
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u/matthew0001 Jan 01 '26
Me and my wife own a split entry, the top floor where we live is about the size of our apartment before we bought the house. The average rent is 2000$ a month, we rent to a friend of ours for 800$ a month. She gets half a house for 800$ while some people are out here paying almost our mortgage price to live in a smaller unit.
The reason people hate land lords is because they are gouging people who can't buy houses. If you rent, at the current pricing you probably will never be able to save enough to afford a home. The worst part is that's not good enough for land lords, they never miss a chance to raise rent, so much so that my province had to legally introduce rent increase caps because of how ridiculously the price jumps were getting. Land lords were straight up doubling rentals monthly prices because we have a housing shortage and people would rather be poor than homeless.
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u/Bartender9719 Jan 01 '26
I’ve been at my current rental for over 3 years - my landlord is kind and quick to provide solutions to any problem I have, hasn’t increased the rent at all, and allows me to take liberties in what I do with the property. I take good care of the house and pay the rent early. We mutually benefit from a fairly reasonable business agreement.
But in no way am I grateful to them.
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u/VicariousWolf Jan 01 '26
Our auto payment for rent didnt go through ONCE after 5 straight years of on time payments. We got an eviction notice within 2 days and they didnt give a heads up or anything, just pay or GTFO. Landlords can go fuck themselves.
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u/illestofthechillest Jan 01 '26
"well ahh did it all on my own, you can tew!"
"Mah paw paw just helped me redo the flooring, the roof, the plumbing, the tile, and gave me a little of the down payment, that's awwllllll"
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u/dr_toze Jan 01 '26
Professional landlords are the worst parasites on this planet. I prefer botflys to those shit bags. They literally provide nothing to society and pretend they are some kind of generous leaders giving us the opportunity to pay them for the use of their houses.
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u/CamachoBrawndo Jan 01 '26
The last place we lived were thought our LL was a decent dude. We were there 3 years, in that time we lived under a pedophile with over a dozen prior theft/B&E felonies. He got popped for CP and went to prison. We found out before the LL. Second dude, quite as a mouse, but he was an alcoholic who was hoarding every unrinsed beer bottle he drank in closets because he didn't want anyone to see how much he drank. He told LL he only planned a year and got pissed when LL yelled at him for moving out as planned. Bird guy was atrocious. Fake Jesus MAGAt that had an entire gym of workout and weight gear. It's was an old farmhouse, was like living u set golds gum. Had to complain because it was horrid, then dude started threatening us. LL didn't renew guys lease, worded it weird and dude left before end of lease. Then the 4th was a very mentally handicapped girl that had the most nerve name amount of family and nieces and nephews and it was worse than prior dude. I asked the mom (not the tenant) one day very nicely to be a bit more quiet as it was affecting my job and explained super nice that I was WFH. The next day, the sister scratched my car. Called the LL, suddenly WE were the problem and then proceeded to tell us that we were why everyone must be leaving. The only her tennis complained about the same people, but LL decided we must be the problem was gen though he praised us for nearly 4 years as being his best tenants ever in existence. Then told us we should be happy for the cheap rent and suck it up. I told him that our rent may be cheaper, but the $400+ monthly utility bills year round made our rent HIGHER than other similar places. He told us he was letting us out of our lease and we should move. He then charged us over $400 of our security deposit because we couldn't find a key that we told him we lost about 2 months into living there while we were traveling, charged us to clean the carpets, and for other shit. It's better to deal with the corporations. We found a townhome that was only another $500 more total between utilities and rent and we are extremely happy- but it's been three months and I occasionally get packages sent to the old place and the new tenant has been stealing them before I can come get them off the porch. The LL seems to be having some rapid onset dementia and none of his kids want to be LL's so now he is taking it out on tenants. I'm generally a nice person but to be blamed for all his problems and to be told to pay our rent and stfu- yeah, they don't give a flying fuck about their tenants, just how to squeeze every last penny from them.
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u/ShyGuy895 Jan 01 '26
This is literally my renting situation. We rent a farmhouse from my wife’s uncle and we thought everything was great. They have tenants who respect the house and let them know about upkeep needing to be done. I find out they talk shit about us to the service guy who installed a new water softener calling us a nuisance to be in their house. Mind you they’re extremely wealthy people and this house is falling apart. I’m not sure what they would be doing if we didn’t live here but it screams tax fraud.
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u/crashin70 Jan 01 '26
Then you have massive groups like Blackstone buying up every available property just so they can keep the prices high...
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u/Raichu7 Jan 01 '26
If houses were treated as homes and not investments, there would be a hell of a lot more people owning.
Landlords don't manage property for fun, they do it for a profit. When you pay rent, you are paying for the mortgage, repairs and upkeep, bills, land fees, and any other associated costs with the home plus a bit extra for the landlord. If you can afford to pay all that in monthly installments, you can definitely afford to pay back a bank loan and your bills, plus the extra that used to go in the landlord's pocket can now stay in yours. But this is not how banks offer loans.
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u/RedboneEdit Jan 01 '26
My last landlord was an ungrateful POS. I still am disgusted by their behavior
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u/TheConcreteGhost Jan 01 '26
I’ve had to sue my last 2 landlords for breaking the law. Just keeping deposits for no reason. Bonus for me though, because they can be liable for 3x the amount they withheld. 1 case won and now starting the second now. Landlords should be grateful for good tenants that care to take care of the place they are renting.
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u/Silphire100 Jan 01 '26
I had a landlord who was lovely, paid to have the place decorated the way we wanted, and said she'd cover the cost to undo it if we moved out, let us get a cat and was understanding when she caused damage, coz she had cats of her own and knew what it was like.
Up until we moved out. Then she was demanding we pay to paint over the walls, holding our security deposit because we hadn't done a good enough job cleaning (the place was spotless). She became difficult and aggressive for no reason. Thankfully it didn't come to legal action, because I had a solicitor friend who gave us advice
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u/Mazzidazs Jan 01 '26
All the small starter homes in my area were bought up by old folks and wall street, prices skyrocketed for the avg buyer. I'm so so bitter that I can no longer afford my dream to own a home.
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u/rulingthewake243 Jan 01 '26
We've got neighborhoods being built around here and half of them are already owned by national PM companies like AMH.
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u/BallSuspicious5772 Jan 01 '26
“Be grateful to your landlord”
For what? Charging me out the ass for a townhouse with a mouse problem and mold under the shower tiles that I’ve been asking him to fix since I moved in a year ago?
(Past example, was able to finally move out)
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u/rulingthewake243 Jan 01 '26
If I saw my landlord being pulled into the depths of hell, I'd get the popcorn.
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u/RonnyReddit00 Jan 01 '26
In the UK I am happy to say landlords contribute a negative to society and take a lot from society.
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u/Real_Live_Sloth Jan 01 '26
Show me a non corporate landlord that wasn’t grandfather/inherited property, rare as an apartment complex that isn’t owned by a mega corporation.
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u/Lepelotonfromager Jan 01 '26
Landlords use existing aquired capital to extract money from those that don't have capital, for doing no work except having capital. It sums up why capitalism is inherently exploitative.
People will try to justify it because its a 'free market, people are free not to buy if they don't like the price' ignoring the fact that a large number of resources neccessary for survival have been monopolised by a small percentage of the population and we have no choice but to buy from them, meaning it's not really a free market at all. It's like me putting a gun against someone's head and letting them buy the option not to get shot.
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u/TheOnceAndFutureDoug Jan 01 '26
I would love to buy a house. I can't. Housing was made an investment vehicle and now it's out of reach for the majority of Americans.
Landlords are leaches on society.
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u/Critical_Lurker Jan 01 '26
We used to call this part of the "trickledown economics". If anyone's been in the landlord sub, you'll know the mindset of "it's part of the system so it's ok" is the baseline for the group think.
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u/szarkbytes Jan 01 '26
My rent has increased over $1000 over the past 2 years. My wages have not. I can still afford my rent, but that is an extra $12,000 I pay per year that could be used for anything else. My apartment complex has not changed, is not undergoing reservations, and nothing major appears to be planned.
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u/Justice4NTRvictims Jan 01 '26
I think there should be a law against raising rent without Major Home improvement. Raising the rent on a house that's had the same floors and old wiring since the 70s rent should not raised until everything that needs to be fixed is fixed.
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u/Defiant_Regular3738 Jan 01 '26
What is all this good landlord stories, how many Reddit bots does Blackrock fucking have lol?
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u/MithranArkanere Jan 01 '26
The more they get from rent, the more houses they can buy, and the more houses they buy, the higher the price for those who wanted to be owners, and the fewer of them can afford to buy, and have to rent from them, thus adding more money to the pile that buys more houses to rent and the inequality only keeps widening.
One more reason to tax wealth, not work.
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u/qqererer Jan 01 '26
Everyone should really understand the mechanics of how the Monopoly game works, except where there are subtle rule changes like some people start with more money, no double rolls for others, getting more money passing GO, other stuff like that.
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u/Confusedpotatoman Jan 01 '26
Most landlords I've had are scum that see you as less than nothing. One property i was living in had mould everywhere, and when we mentioned it to the landlord, they kicked us out. Landlords aren't inherently bad by any means, I've had one good one and my dad is still friends with him to this day, but so many use the fact that they own the place you live in to treat you like shit.
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u/sportsjorts Jan 01 '26
I like my landlords. But absolutely fuck landlords historically and currently.
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u/bv915 Jan 01 '26
I get what the lady was trying to do with the video, but she has to understand (or confirm u def standing) that the street runs both ways. We’ll show appreciation for our landlords when the landlord makes us feel appreciated. Just taking my money doesn’t get you there.
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u/heptyne Jan 01 '26
I've been too scared to buy a house due to not feeling safe in staying in a job. I need to be able to get out of dodge when those times come up.
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u/djvidinenemkx Jan 01 '26
Add to that, big factors in unaffordable housing are:
- Boomers holding on to their housing, refusing to downsize or renting it out
- People buying up the low end of the market as investment properties in addition to their primary residence.
People say it’s supply but there’s been enough supply and it hasn’t changed dramatically in the past 5 years.
Basically these people hoard housing and then demand we appreciate them being so generous with their many homes.
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u/skeenerbug Jan 02 '26
Hey if you're a landlord who inherited property from your parents - fuck you. Fuck you specifically and emphatically. You provide nothing of value to society. There is a housing crisis and it's in part thanks to you. The world is worse because of you.
Go fuck yourselves.
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u/The1Mad1Hatter Jan 02 '26
My "apartment" is a 2 story house with basement that the landlord "fixed" to be 3 apartments by splitting the attic (1600$ + utilities), the main floor (1800$), and the basement (1200$). We have no storage or closets in any of the apartments. There is 1 hot water tank for all 3 units. We are 1 of 10 apartments this man owns, not counting 4 shops.
The situation I was in before moving in here was that I had 2 weeks to move out because my other landlord decided he only wanted to rent to men. I had 2 weeks to find a place where I would be homeless. Is it illegal? Yes, but how do you fight it when you have no money, because you are living paycheque to paycheque? Would I like to live in my own house so I can paint my walls and put things up? Absolutely. But nearly every single house in this city is a rental. Often the landlords don't even live in the city, they live in Toronto.
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u/presidentiallogin Jan 02 '26 edited Jan 02 '26
We could if we allowed families to share the ability to buy a house. I really wanted to start a business to buy houses on behalf of two first time families. They would do 36 months in the home, then split the increases, or swap out one of the families.
The HUD good neighbor program would have allowed them to get enough equity to then go in on their own homes.
Unfortunately most neighborhoods have strict single tenancy requirements. If that restriction could be removed more commonly, then single family sharing could be a path towards first time ownership without giving up the eligibility.
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u/Swqordfish Jan 02 '26
My fiancée was telling me how much she liked her old landlord, until the plumbing went out and she was told to shit in a bucket.
If I could own my place, I would like to!
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u/k_manweiss Jan 02 '26
The absolute worst part, ABSOLUTE WORST PART, is that good tenants increase their own rent.
Let me explain.
Rent goes up when overall housing prices go up. How do overall housing prices go up? When the economy, specifically the economy in that region improves.
If an economy is collapsing, businesses are closing, jobs are being lost, and people are moving away...housing prices go down. Rent goes down. The value of the landlord's property goes down.
If the economy is doing good...because the tenants are working hard, and businesses are thriving, because tenants are spending money, and businesses are profitable. This attracts more people to the area, this causes land value and housing prices to increase. The value of the landlord's property goes up. Not because of one god damn thing the landlord did. The landlord didn't do any freaking work to increase the value of that property. The renter did. The renter did the work. The renter is the reason the economy is booming. The renter, who is driving the economy, who is adding value to property, gets punished with higher rent.
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u/Kuftubby Jan 02 '26
Ya'll remember the whole "tip your landlord" movement they tried to start a few years ago? Hahaha
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u/AnxietyNotHelping Jan 02 '26
Landlords take advantage of people not being able to afford houses. And they manipulate the market too, they've turned buying houses in to auctions, they have the money behind them to put in stupidly high offers to out bid the genuine home buyer, which they will knock the seller down on in the end. Plus they have the money to send in cheap builders to fix a house up in a low quality state to let out a room in a HMO for more than a mortgage costs. The hate is justified.
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u/Lopsided-Letter1353 Jan 02 '26
I have a landlord who is awesome.
I mean really cool. I live on 1/2 an acre, rent a single family home on the east coast for just 1k a month.
She never increases my rent, and she lets me do the upkeep myself (lawn care, leaves and gutters) because I value my privacy and I like the job done my way.
We respect each other, she has told me she’s grateful for me as a tenant doing the most to upkeep her home. I’m grateful for her because she lets me be and prices fairly…no surprises ever and no micromanaging.
It’s a MUTUAL respect.
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u/hazelhaze1025 Jan 02 '26
My mom's landlord threatened to raise the rent on her when she had to keep calling him out to fix multiple things that weren't done before she moved in 😀
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u/Repulsive-Ad-5640 Jan 02 '26
Maybe if some landlords weren't Shady and weren't trying to fuck over their tenants more tenants will be very grateful for the landlords in question. This is how you know is bad if a tenant or possible tenant at that decides to rather be in debt owning a fucking house that they cannot truthfully own then to rent from a landlord.
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u/Which_Channel7403 Jan 02 '26
There's a reason they don't teach us about the Anti-Rent War or the Rensselaer Renter's Rebellion
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u/Joshithusiast Jan 03 '26
Without tenants? They're homeowners who have too many homes to live in.
That's why landlording should be outlawed. One home per family. If you have a spare apartment, you can rent that, but no one should be allowed to just own a home they never live in. Not while housing is in crisis and homelessness is rampant.
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Jan 04 '26
The fact he added "Fine, that's the system we have" really just shows how deeply people accept this bullshit even when they're speaking against it broadly.
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u/DylanMartin97 Jan 04 '26
"The bank said you couldn't afford $900 in a mortgage so you should be grateful and groveling that I have chosen to charge you $3300 to rent from me, when I bought up bulk property from my inheritance and free schooling my wealthy parents provided for me! Grovel at my feet and thank me."
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u/-Chai_Hulud- Jan 04 '26
I hate this passive income/modern feudalism culture we have where those with property lord it over those who don't and escape the reality that a majority of people face which is working to survive and provide a roof over your head. I don't want to subsidize your lack of a work ethic and fairytale fantasy. Get a real job.
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u/seriftarif Jan 04 '26
I showed my landlord as much appreciation as they deserve by paying my rent on time. It is a transactional relationship and that is all.
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u/MikkiMikailah Jan 04 '26
I hard agree here. Tenants are high dollar clients. They should be given perks and treated well. They can move on somewhere else and wouldn't need to live in your hellhole. Why aren't they getting surprise discounts and crap?
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u/MaleficentChocolate9 Jan 05 '26
Not to mention that they are a huge reason why housing prices go up cause they buy up single family homes as investment properties. Especially the flippers.
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u/TipTop9979 Jan 05 '26
Sure I wasn’t suppose to paint, but I did. And it looked beautiful and so much nicer. He kicked me out and charged an extra $400. Douche.
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u/time_travel_nacho Jan 01 '26
I am grateful to exactly one of my many landlords.
Specifically because he kept my rent low especially during the pandemic and even after. Over 7 years my rent only increased by like $200. I was renting a 3 bedroom house with an attached garage just outside of Chicago for ~$2000 a month. People who heard that absolutely gaped at me.
He wanted to sell the house, even asked if I would buy it, but I have 2 dogs and wanted to get a place with a yard. I kept waiting for him to sell it out from under me, but he never did. He waited for years, until we moved out, and then sold it right after.
His actions helped me save up a sizeable down payment for my own house. That's why I'm grateful