• golden_zealot@lemmy.ml
    link
    fedilink
    English
    arrow-up
    5
    arrow-down
    2
    ·
    edit-2
    20 hours ago

    An issue many people have with this is that the renter is gaining no equity and you are while you aren’t contributing production to society.

    This is true and I understand.

    There is however a government program in my country where people newly immigrated to the country who are renting can rapidly increase credit based on input from their landlord.

    While my tenant cannot gain equity as a result of this situation, I notified them of this program and they signed up, allowing me to increase their credit in this way.

    I am fully aware this is not a great trade-off regardless, but I wanted to do what I can because I recognize that any rental deal sucks. When I rented from a shit landlord, every day of my life felt like hell because my money went into a black hole from which there was little benefit. I was not even making enough/paying enough to make credit to get a mortgage at the time.

    In addition to this, my tenant wanted to try to set up their own business, and needed an address for the purposes of a business license, so I absolutely allowed them to use the condo’s address (whether or not I am legally required to - I did not even bother looking it up because I want to do everything in my power to help this person and their family out without bankrupting myself).

    I agree with you as well that selling to an investment firm/for-profit landlord would be worse, and that there has to be some systematic change. A world where one cannot profit from property is one I would want to live in, because if this were the case, I wouldn’t be in this situation in the first place.

    • Echofox@lemmy.ca
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      2
      ·
      1 hour ago

      I disagree with you, and I won’t get into it with you because you write things like “I agree with you” and proceed to disagree with me.

      Believe whatever you want.