this post was submitted on 27 Jul 2025
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And then they raise rent. For what? They haven't upgraded anything. They haven't added any of that value to the property. Every year the house gets older. Cars lose value every year even if you maintain it perfectly.
And then they try to fuck you over when you leave the place by pinning all the costs of normal dilapidation on you. Fortunately where I live the law forbids it but it doesn't stop them from trying every time.
The land is what’s gaining value, not the structure on it
friend bought a house and was super excited about it. it cost her a pretty penny.
It had black mold and almost killed her children. The landlord claimed they had no idea (they did)
they left (sold the house) for more than what she paid for. This was in California, the housing market is completely and utterly f****
Bought a house, but there was a landlord?
yeah typically when you buy a house you get it from a landlord....
do you think houses are sold on amazon?
Based on my experience, a house on the market is usally being sold by someone who lived in it. The seller being a landlord is plausible, but I'd usually just generically refer to that party as 'the seller'.
Landlords tend to hold on to their revenue streams harder than a person holds on to their own residence.
where does the person move to then after selling the house they live in? could it be...they have another house thus being a landlord?
you are right on the second part, though.
Usually they have moved into their new home and have their uninhabited house on the market trying to get rid of it.
Maybe I'm missing implication in another culture, but around me landlord specifically refers to someone owning a home that is being actively rented/leased by another. If you haven't had tenants, you aren't considered a landlord
so landlords
If someone never had and is not looking for a tenant and is actively waiting for someone to buy their property, they are not a landlord.
and thusly they could, on a whim, turn around and decide to sell their house. for no reason or any reason. Because they own that land. they are lord of that land. a landlord one might say. Gee language is fun
They probably bought it from someone who previously had rented it out.
That is just patently untrue.
I'm not a landlord but the taxes go up every single year. Home insurance goes up every single year. Both often by a lot. Compared to 2019 my taxes are up 45% and my home insurance is up 500%.
The land value is up purely because they ain't making any more of it.
The cost to repair everything goes up every year. A part of my washing machine broke again. Part was $20 in 2017. Part was $60 4 months ago. Post Tarifs it will probably be closer to $100. Nevermind the labor if I can't DIY.
Plenty of reasons for costs to go up each year.
Real question is :
Why the fuck aren't the wages going up?
If that too kept up with inflation since the 1970s then we'd all be happier then pigs in shit.
Good tenants make the neighborhood more desirable. So the rent being raised is a way to punish good Tennant, and steal their hard earn benefit from their existential labour.
If there were only a set number of cars available and creating more was prohibitively expensive, cars would appreciate in value as well.
And to be clear, I'm not talking about the house; building more of those is expensive, but doable. It's building more land that's the tricky part
When I did a vacation in Sri Lanka our guide told us some cars appreciated in price because the government increased (I believe it was that) import taxes.
Edit: Appreciation due to car scarcity
Same happened everywhere during covid.
It's mind-bending that a car now cost what a new house cost, when I was a kid.
The cost of goods should go up. It is a healthy sign of the economy. The fact that wages don't is the problem.
(This was way after covid).
If I remember it correctly, the government is heavily restricting import of foreign brands.
Our guide drove an imported japanese EV.