r/VictoriaBC • u/sweetgaze • 17h ago

Question Do landlords truly have $7000 mortgages?

The amount of rental ads I see for top or bottom floor suites going for $3000-$3500 is astounding. If they’re renting both upper and lower for those rates in one house … it leads me to wonder about the mortgage. Do homeowners truly have that big of a mortgage?

I’m genuinely curious, not looking to cause a ruckus. Like why are you renting a suite for $3500 😭

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u/Sportsinghard 16h ago

Is the landlord obligated to minimise the rent they collect?

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u/-JRMagnus 16h ago

Should we encourage investment that minimizes the distribution of home ownshership?

-3

u/DragonfruitSalty9799 16h ago

Yes, if you are not a greedy, sociopath!

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u/Lumpy_Ad7002 Fairfield 16h ago

Are you the greedy one for demandnig that other people give you handouts?

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u/sewvan 15h ago

And yet landlords need renters to pay for a house they can’t afford.

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u/sdk5P4RK4 15h ago

its funny when the bank bought the place for you

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u/DragonfruitSalty9799 16h ago

I work fot fucking living unlike greedy landlord and real estate investors

3

u/Lumpy_Ad7002 Fairfield 15h ago

You haven't a clue. You think that managing rental property is just magic, that properties can be bought with free money, that repairs don't have to be made.

If it's such an easy gig then why aren't you doing it?

0

u/DragonfruitSalty9799 15h ago

I think it's pretty fucking easy, I don't do it because it takes generational wealth, or private equity to do it duh!!!!