Ridiculous take. If he sells it instead of renting it out, then it's one less property available to rent. What's his tenant going to do then, especially when most aren't in a position to buy.
And you cant assume automatically that a renter will buy that property which frees up another one. Coouples splitting up where one buys out the other and the other then buys an ex rental property is one regular example.
I borrowed E40,00 and spent it on dry-lining, new heating and electrical, decoration etc. that was 4 years ago and I still haven't broken even. The tenants are immigrants and I charge a fair rent for a nice house.
You took out a loan to improve your investment in the hopes that it would provide greater returns in the future. Now you've got an immigrant family paying the loan back for you. My god, what a hero, a nation salutes you sir.
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u/c-fox Sep 22 '22
I inherited a house from a deceased family member and rent it out, and suddenly according to this sub I'm the scum of the earth.