Renting apartments is his retirement plan, and he needs to buy more buildings to have enough income long term. He's been saving for a down payment, but inflation is eating away at that, and now higher mortgage rates will make his next purchase far more expensive.

:mao-aggro-shining: .

  • Diogenes_Barrel [love/loves]
    ·
    2 years ago

    every single landlord profile piece is just fucking lies. every single one.

    which journalists rush to publish with all the cross referencing of an 'i retired at 30/bought a house at 20' fluff piece

  • wombat [none/use name]
    ·
    2 years ago

    the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

  • pink_mist [she/her]
    ·
    2 years ago

    He’s been saving for a down payment, but inflation is eating away at that, and now higher mortgage rates will make his next purchase far more expensive.

    In countries where modern civilization has become fully developed, a new class of petty bourgeois has been formed, fluctuating between proletariat and bourgeoisie, and ever renewing itself as a supplementary part of bourgeois society. The individual members of this class, however, are being constantly hurled down into the proletariat by the action of competition, and, as modern industry develops, they even see the moment approaching when they will completely disappear as an independent section of modern society, to be replaced in manufactures, agriculture and commerce, by overlookers, bailiffs and shopmen.