r/SipsTea • u/late_to_redd1t • 21h ago

SMH The advice didn't age well.

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u/Inf1z 17h ago

Houses became an investment so many people and companies began buying houses to rent because of passive income.

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u/Thiswas2hard 16h ago

About the same number people own homes now then they did in the 80’s. Biggest problem is we stopped building homes at the same rate after 08.

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u/renner1991 16h ago

Being a landlord isn’t passive income. A landlord should be maintaining the property, otherwise it degrades over time.

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u/Inf1z 15h ago

True and especially for mom and pop landlord who own just a few homes. Most of them are handy so they do the maintenance themselves. Others just hire a handy man to take care of things.

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u/CheGueyMaje 16h ago

Being a landlord is absolutely passive income.

Let’s take my apartment for example. I’ve lived here 3 years. Do you know how much time my landlord has put into “maintaining the property” besides simply raising my rent?

Maybe 15 minutes of gaslighting me telling me the black mold isn’t a structural problem. That’s it. He hasn’t done a single day of work in years.

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u/renner1991 16h ago

I said “should”. I thought you were coming to it from a landlord perspective. Sucks you have a shitty landlord.

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u/CheGueyMaje 16h ago

Yeah, tell that to me and the other billion of us.