Labor that they (under-)pay someone else to do, using the money that we (over-)paid them for the privilege of paying the mortgage (plus profit) while receiving no ownership in return.
They don’t reside there, they don’t do any work there, and they didn’t even put up the money — the bank did.
To quote Office Space: What would you say you do here?
Not sure if you’ve ever paid a tradie to go any work, especially after hours or on weekends, but one thing they’re Not is under paid. They charge $100+ an hour and usually for a minimum of 2 hours even for a 15 minute job.
If you don’t pay your mortgage then you’re paying someone else’s mortgage, and taxes, and insurance in exchange for a place to live. That’s how it works. Don’t blame the player blame the game. I’m not a landlord but how you gonna have rental properties without landlords?
Labor that they (under-)pay someone else to do, using the money that we (over-)paid them for the privilege of paying the mortgage (plus profit) while receiving no ownership in return.
They don’t reside there, they don’t do any work there, and they didn’t even put up the money — the bank did.
To quote Office Space: What would you say you do here?
In other words, there’s a good fucking reason they call it “passive income.”
They call it passive income so people aren’t upset when their money is stolen from them.
Not sure if you’ve ever paid a tradie to go any work, especially after hours or on weekends, but one thing they’re Not is under paid. They charge $100+ an hour and usually for a minimum of 2 hours even for a 15 minute job.
If you don’t pay your mortgage then you’re paying someone else’s mortgage, and taxes, and insurance in exchange for a place to live. That’s how it works. Don’t blame the player blame the game. I’m not a landlord but how you gonna have rental properties without landlords?