I wish we had a love for landlords sub so I could roleplay like half the people in these comments.
this post was submitted on 11 May 2026
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me_irl
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Honestly tho. Imagine simping for landlords in this day and age. Gross.
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But the 1400 doesn't require any trust since if they can't afford that, they're out. If they can't afford the loan, the bank would be out the loan sum.
That $950 mortgage also doesn't include taxes and insurance plus the cost to maintain a house. All of that is wrapped into the cost of rent.
Mortgage calculators are deceiving.
That $950 mortgage also doesn’t include taxes and insurance plus the cost to maintain a house. All of that is wrapped into the cost of rent.
And the profit the landlord takes on top of that. Landlords don't generally rent out to break exactly even on cost.
Landlords also do cheaper repairs.
When it's your house you're likely to go for the higher quality options when the major repairs hit and do more timely repairs on things landlords will ignore.
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Even in the best of cases, landowners may not be generating a direct profit but are generating equity in the home.
I had to explain this to one of my landlords (he was a first time landlord and it was his old place) once a long time ago. He was quite shocked that he wasn't making nearly as much money as expected when the homestead exemption was lifted from the home. He tried to increase our rent well above the average for the area because of it and we had to threaten to walk.
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Every mortgage calculator I have used includes fields for taxes and insurance.
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Except now they can sell the home. Which probably has appreciated on value since the loan. Plus the loan interest since it was purchased originally. And payments at the front of a mortgage are almost entirely interest since the principal is so high.
Any recession can cause a downward pressure on house prices at the same time as difficulties paying for a mortgage. You may not be able to sell the home for enough to pay off the mortgage when you get into trouble.
I have never in my life seen house prices go down. They just quit going up as fast.
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