Interesting FB post today

[Bruce Woodruff]

I ran across a post on FB today about Landlords being predators. The OP stated that they had been paying rent for 10 years to the tune of $160,000 but could not afford to buy a house. This, according to them and a couple of follow-on posters is unfair because being able to own a house is a 'Right'.

Quote - 'Landlords are' "parasitic and exploitive as the government. How do you exploit the working class… collect passive income from their hard work."

Of course there was pushback from us landlord types and normal people.... the whiners had not thought about the investment or risk involved and didn't know that expenses could cut into profits, nor had they thought about the fact that people typically get loans to purchase investment properties and these have to be paid back every month. That actually seemed to enrage them more, the fact that we landlords pay back our mortgage loans out of their rent payment.....how dare we?

Just some interesting thoughts...I need to get out more, I had no idea people were this stupid.....

[Joe Villeneuve]

I ran across that too.  Didn't comment.  Wanted to, but I was afraid I would get banned from BP if I said everything I wanted to say.

Looking back, what I should have said was this:

"If you couldn't afford to buy the property, and the landlord didn't buy it and rent it to you, where would you live?...and, if that same landlord lost money on the property because they didn't treat it like a business...as in make a profit..., and thus lost the property because the bank foreclosed, again,...where would he live?"