Small time landlords aren’t any better. They love that rental prices are increasing and generally increase their tenants rents because they can. They get their mortgage payed for and extra income on top.
I know this because I work with people who do it and they like to fucking brag about it. Fuck all landlords.
And housing prices have double in many cases. And interest rates have soared.
If you were to take out a traditional loan with 20% down today vs 5 years ago on the same property, you’d be very lucky if your monthly mortgage was only 60% more.
Small time landlords aren’t any better. They love that rental prices are increasing and generally increase their tenants rents because they can. They get their mortgage payed for and extra income on top.
I know this because I work with people who do it and they like to fucking brag about it. Fuck all landlords.
My rent has increased 60% in the last 5 years
And housing prices have double in many cases. And interest rates have soared.
If you were to take out a traditional loan with 20% down today vs 5 years ago on the same property, you’d be very lucky if your monthly mortgage was only 60% more.