this post was submitted on 08 Mar 2025
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A Boring Dystopia
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Can we not shit all over normal people for doing normal stuff? This dude doesn't run Blackrock, he had a single rental property.
Hundred years ago it was normal to beat women of they were out of line. Millenia ago it was normal to own slaves. It's also "normal" for the US Healthcare to screw over people who need Healthcare. Just because something is "normal" doesn't mean it's somehow right. Slavery was normal but then different societies over time understood that slavery is not right and it stopped being normal. Beating women used to be normal but over time we learned that's also not right and it stopped being normal. I don't know about you but I don't think ripping people off is right. However ripping people off has been normalized for capital owners (including land lords).
Nobody should be wishing for his demise (compared to Blackrock and its kin, who I do think should cease to exist), but at the same time he shouldn't be padded on the back for not ripping off his friend as much as he could've. What he did shouldn't be normal.
He didn't rip off his friend at all. He took just enough to pay the mortgage and save something up in case of repairs. That isn't ripping him off. That's doing him a favor since he charged him so little.
He could've given the rest money back to his friend after all the repairs were done. He chose to keep that money.
Yea, and if he had just sold the property in the first place there wouldn’t have been a house to rent at all.
So given the equity to his friends?
No. Here's what he could've done to not be a leech.
He no longer uses it so selling it to someone who would use it would be the best option. But maybe he's sentimental about the place or has some other reason to keep it. Then it's better if he "rents" it out.
He chose to keep the house, the mortgage on it is his responsibility not the tenants. Even if he just asked the tenants to cover the mortgage that is already leeching because you're not using your money to pay it off, you're using someone else's. Once the mortgage is paid off he has a property he didn't pay for while the people who paid got nothing. But let's say he can't afford to pay the mortgage but he still wants to keep the house?
Again, it's his property whatever patch work it requires it's his to cover. He's already offloaded his mortgage to the tenants, why demand even more from them? But let's say the tenants are scum of the earth and every day they tear the property apart, having the also pay to cover the repairs would reign them in.
He's offloaded the mortgage on the tenants. He's offloaded the maintenance cost to the tenants. The least he could do is give back the maintenance money he didn't use. But he doesn't even do that.
And yet, according to you, we're supposed to think of it as him doing the tenants a favor because he's not ripping them off more? Do you think a wife beater not beating his wife every chance he gets is doing the wife a favor? Do you think the slave owner not whipping their slaves is doing them a favor? Absolutely asinine.
Yeah but didn't he say he charged way less than the average rent price? Seems pretty harmless to me
Taking $900 a month from your friend just so the friend could have a roof over their head sounds harmless? And your defense of that action is "at least he's not taking $1400-$1500"?
How about you Venmo me $900 every month and in return if someone comes asking to Venmo them $1500 you can tell them you already got a better deal? Does that sound fair or do I need to own property to make it seem fair?