this post was submitted on 07 Sep 2023
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So I guess I’m a landlord. We have a house that we rent. Bought it in 2007 using this cool thing called a sub prime mortgage. So we were sorta forced to hold on to the house and rent it.
Fast forward 15 years and I’m now renting the house I live in from a landlord. It’s made me realize that we’re good landlords. My dishwasher has been broken for two months collecting mold while its replacement has sat in my living room waiting to be installed.
Our own tenants have mostly been cool but I wish the guy we cut a break with (few months for free when he lost his job during covid) hadn’t grown weed in the garage and damaged some floors.
Other than that one guy, I don’t expect anybody to thank me.
Thank you for your service. 🫡
With house prices having almost doubled since 2007 and considering you (or someone else) has been paying your mortgage for 15 years, why don’t you sell it and buy a new house to live in?
Bought the house when we had one kid. Now we have four. It’s too small for us to live in right now. That said, we’re thinking when our older kids move out we’ll move back in to our first house. The mortgage is certainly cheaper.
After leaving that house we moved twice (into larger homes… my in-laws moved in with us at one point). We bought both times. We rent our residence now for a couple of reasons: COVID fucked up my finances from a few angles and we couldn’t get lending this time. And we’ve got 3 kids moving out in the next 3 years or less. So we’re kind of in a transition period anyway.