Lolly505
VIP Member
Like I understand she thinks she's doing a service against high rents - but like... You're also part of the problem? By owning multiple properties, it means there's less property to go around and that drives prices and rent up. By renting out, even at a 'reduced' rate, you're still profiting off the fact someone else needs a basic necessity (a place to stay) but can't afford to own their own one (which then becomes a vicious cycle because how can that tenant then save for their own house when a sizeable part of their income is paying rent to you).Someone had posted in the previous thread Louise’s IG caption introducing herself to her new followers, and in there she had said something about investing in properties, which she’s renting to families at a reduced rate.
While I do think that investing in real estate is generally wise, and renting at reduced rate is obviously a nice thing to do, as there’s so many scammy landlords, and I’m sure she’s still going to come out having made $$$ from the properties (so win-win), something about the way she said it rubs me the wrong way. Reminds me of Elena from Little Fires Everywhere lol
It frustrates me when people like Louise think they're performing a public service just because they're not taking advantage of your basic need as much as they could. The fact you're allowing someone to keep a bit more of their own money for food and heating does not make you a fairy godmother.
Anyway, there's no such thing as an ethical private landlord, thank you for coming to my TED Talk