What I find interesting is when landlords talk to each other, it’s “passive income!” but when they talk to the public, it’s so much work, and they’re providing housing to people out of altruism.
Yeah, when prices rise precipitously for no real reason, people always say “it’s permanent!”, and it never is. Steady increases over time, sure. But there was no reason for say, houses near me to go from 250k to 425k in 3 years all of a sudden.
What I find interesting is when landlords talk to each other, it’s “passive income!” but when they talk to the public, it’s so much work, and they’re providing housing to people out of altruism.
It’s a bubble. If they don’t up real estate investing then the market goes down and they stop making money. But yes, the hypocrisy.
Yeah, when prices rise precipitously for no real reason, people always say “it’s permanent!”, and it never is. Steady increases over time, sure. But there was no reason for say, houses near me to go from 250k to 425k in 3 years all of a sudden.