Comment on When leftists say "landlord are parasites" or similar dislike of landlords, do they also mean the people that own like a couple of houses as an investment, or only the big landlords?

CodeInvasion@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

• Rivalarrival@lemmy.today ⁨1⁩ ⁨week⁩ ago

  For some reason everyone views being a landlord as easy money. But in reality returns on investment are worse than the stock market for being the landlord of a single family home.

  Then sell it, and put your money into the market. Now you’re no longer a parasite, and you’re making more money. Win/Win.

  source

  • CodeInvasion@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

    Maybe I want to move back into it… And selling has a 10% cost after realtor fees and closing fees.

    source

    • woop_woop@lemmy.world ⁨1⁩ ⁨week⁩ ago

      So then it’s not worse?

      source
    • Rivalarrival@lemmy.today ⁨1⁩ ⁨week⁩ ago

      If you are operating rationally and you actually believe your ROI on the rental property is lower than the stock market, you would transfer your wealth to the market. Since you are not, you are either behaving irrationally, or you don’t actually believe your ROI is lower than the market.

      Your ability to move back into the property is a return that you have not included in your evaluation. The 10% cost of selling is a sunk cost fallacy.

      source

      • TrickDacy@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Yikes, what a nightmarishly unempathetic take on this situation

        source

        • -> View More Comments