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Fri Mar 20, 2015, 12:18 PM

It's The Era Of The Slumlord

Many of us did not grow up in slums. Now the entire country is getting a real life lesson of real time life in the slums. We are learning what a slumlord is and how they operate. They neglect infrastructure until it's time for them to sell the neglected property at a huge profit. While they are holding the property, they are extracting the highest amount of rent bearable, like payday loan sharks. They don't care if a tenant gets hurt or killed due to the dilapidated conditions the slumlords themselves caused. It's all about extracting profit without reinvesting in infrastructure. Then when it's the time they chose to gentrify the neighborhood, they sell the run-down property at an enormous profit. Making big profits on the way up and on the way down. That's how slumlords work.



Thanks AwakeAtLast.

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Reply It's The Era Of The Slumlord (Original post)
Dont call me Shirley Mar 2015 OP
Thinkingabout Mar 2015 #1
PasadenaTrudy Mar 2015 #2
Dont call me Shirley Mar 2015 #3

Response to Dont call me Shirley (Original post)

Fri Mar 20, 2015, 12:26 PM

1. Yes there are slumlords and there are landlords. I happen to fall in the second category.

I have had good renters and renters from hell renters. The renters from hell do not get a renewal of a lease or if there are enough violations they are evicted before the lease is up. I think about renters as if they are living next door to me, if I would not like their actions then the neighbors would not also. I have had property destroyed with criminal intent but mostly have a great relationship with my renters who maintain the property as I would my own.

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Response to Thinkingabout (Reply #1)

Fri Mar 20, 2015, 01:18 PM

2. Same here...

I rent out 4 apts and two business spaces. People stay here for years, sometimes decades. I get things repaired the same day if possible, and keep my rents below market. I help my tenants as much as I can to keep them happy and safe

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Response to PasadenaTrudy (Reply #2)

Fri Mar 20, 2015, 02:59 PM

3. That's awesome. Then I wasn't referring to the both of you.

The big problem here in America, today, is the problem of crumbling infrastructure. The gop will not allow money to invest in the general upkeep and improvement of our basic infrastructure. This makes the gop a great big ugly old Slumlord. How do we deal with this?

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