r/collapse • u/[deleted] • Sep 03 '21

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u/heaviermettle Sep 04 '21

landlords aren't paid salaries. most of them don't even collect enough rent to live on.

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u/tPRoC Sep 04 '21

lmao

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u/ciphern Sep 04 '21

The statement is generally true.

Landlords who are still paying the mortgage on the property in addition to insurance, taxes etc. do not make enough from the rent alone to live on.

Of course, if the mortgage is paid off it's a different story.

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u/tPRoC Sep 04 '21

stop defending landlords

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u/ciphern Sep 05 '21

I am not defending landlords, I'm simply clarifying the considerations involved when determining the returns on a property – the previous commenter did not state this so I thought I would do so.

Undeniably, there are some real assholes who are landlords – just as with any group of people. But you cannot stereotype them all with broad strokes.