Most landlords pretend that the money that goes towards paying off the mortgage is a profit. Lots of the ones I see are always like “I make no money off of this” while the tenant pays off their loan for the house for them. Idiots.
You’d need proper accounts the P+L and importantly the balance sheet for full transparency
At least until they start paying their accountants more for corporate fuckery - though I think many do already to dodge taxes.
But the real fucker is in the bank loan, you probably can’t borrow at the same rate until you have as much collateral as them. Even though your rent is literally the asset, and you and the previous tenants keep buying them more collateral that puts them in a better position to borrow more and acquire more.
Good old Free market, no barriers to entry, no first mover advantage, no congestion effects . . . /s.
I’m sure rent control is terrible invention, ruins cities.
I see are always like “I make no money off of this” while the tenant pays off their loan for the house for them
I took a cab ride the other day, in a car the driver probably has bought via a loan, to a pick up an item from a store in commercial space they’re probably leasing, brought in via money they borrowed short-term to finance the purchase of goods to be sold. Tell me which of these CoGS fees they were correct to collect from my payment, and which of these you would rabidly avoid because of the filthy lies.
Itemized invoice would be killer! There’d have to be an item called “pure profit”, shining some light on their greed.
Most landlords pretend that the money that goes towards paying off the mortgage is a profit. Lots of the ones I see are always like “I make no money off of this” while the tenant pays off their loan for the house for them. Idiots.
You’d need proper accounts the P+L and importantly the balance sheet for full transparency At least until they start paying their accountants more for corporate fuckery - though I think many do already to dodge taxes.
But the real fucker is in the bank loan, you probably can’t borrow at the same rate until you have as much collateral as them. Even though your rent is literally the asset, and you and the previous tenants keep buying them more collateral that puts them in a better position to borrow more and acquire more.
Good old Free market, no barriers to entry, no first mover advantage, no congestion effects . . . /s. I’m sure rent control is terrible invention, ruins cities.
They live paycheck to paycheck. It’s just your paycheck
I took a cab ride the other day, in a car the driver probably has bought via a loan, to a pick up an item from a store in commercial space they’re probably leasing, brought in via money they borrowed short-term to finance the purchase of goods to be sold. Tell me which of these CoGS fees they were correct to collect from my payment, and which of these you would rabidly avoid because of the filthy lies.
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