Is being a Landlord the new easy-wealth meme?

[Anonymous No.19280430]

>lever up a shit ton
>homes appreciate in equity
>rent out to AirBNB
>rent out to retards
>if your home value crashes, just leave it who cares lol

Is this shit sustainable?

[Anonymous No.19280438]

>>19280430
apparently not

[Anonymous No.19280455]

>>19280430
Being a landlord is one thing, being an overleveraged Airbnb host should be criminal. Fuck them.

[Anonymous No.19280480]

>>19280430
>Live in DC area
>It's reached the point where to buy a house within 45 minutes of the city center in a non-trash area you typically need an income of around 150-200k.
>Within 20 minutes more like 300k
>People keep trying to persuade me to buy a house despite the fact that virtually no one can afford to buy houses for their own personal use - only investment

Genuinely, I was hoping that the Wuflu would collapse the real-estate investment market by having huge swaths of the population refusing to pay rent. Alas, no. It's not sustainable, and something has to give.

Or we might end up just seeing an endless upward spiral of rents and house prices.

[Anonymous No.19280520]

>>19280430
RIP in Piece

[Anonymous No.19280523]

>>19280480
thats what happens when one man's investment is another man's cost. and when its a necessity like housing, thats when we get homelessness and all these other issues.

Let it crash, then swoop in and buy some Boomer's house at half the peak price, fuck them.

[Anonymous No.19280543]

>>19280523
But will it collapse? Huge swathes of housing is being bought up by investment groups, and foreign investors.

>Literally to rent alone in this area will require you to make at a minimum around 60-70k a year for 45 minutes out, 100k for 20minutes.
>The only reason the rental market isn't collapsing is because roommates allow people to pool incomes of 200k or so for their overpriced rents

I don't even know where Jose lives.

[Anonymous No.19280654]

leveraging to be a landlord was always a risky business
only idiots that fell for the kiyosaki meme thought it was just free easy money

[Anonymous No.19280661]

>>19280430
lol she's fat

[Anonymous No.19280678]

>>19280654
This. They're all getting bailed out in Canada. I daydream about them getting coronavirus and fucking dying in Minecraft.

[Anonymous No.19280681]

>>19280678
>They're all getting bailed out in Canada.
how?

[Anonymous No.19280737]

>>19280523
>half
Still well overvalued you genX, boomer lackey.

[Anonymous No.19280746]

>>19280681
Not the AirBNB hosts necessarily but commercial landlords and then CERB is basically just a handout to landlords who would otherwise just have to eat the loss. They would have gotten it with or without the shutdown, this is all just a pretext. More if you're interested:
https://palladiummag.com/2019/09/19/how-not-to-build-a-country-canadas-late-soviet-pessimism/

[Anonymous No.19280894]

>>19280746
Probably the best article on modern Canada I've read ever

[Anonymous No.19280965]

>>19280430
>"""entrepreneurs"""
more-than-incidental airbnb hosts deserve to live under a bridge

[Anonymous No.19281040]

>>19280480
You'll just see more and more homeless people living in tents.

[Anonymous No.19281340]

>>19280455

Same shit, different buckets. All mortgages should be illegal as they are market manipulation and usury.

[Anonymous No.19281386]

>>19281340
Based. Bankers would be subjected to death by a thousand cuts in a sane world

[Anonymous No.19281557]

>>19281340
Even places with Sharia banking have mortgages. instead of APR the bank just buys the house and then sells it to the new homeowner at a markup