One of my friends was recently screwed over by an agency he was contracting for who refused to pay him a rather large amount of money they owed him. This caused all sorts of problems, including a rather late rent payment, and as a consequence he soon found his letting agent moaning about how they had had the landlady (who owned their house) on the phone screaming that she couldn’t pay her mortgage.
This was something that really resonated with me. Because, it’s nonsense.
As if it’s our job as tenants, to pay their mortgage. That is the risk you take when you choose to rent your second house out, and it’s not our job to cater for your bad financial planning. Don’t buy a house unless you can afford it.
If I wanted the stress of having to make sure I could make a mortgage payment every month, I would buy a house. I rent, because I don’t want that stress.
But much more than that, it is a problem with the inequality in society. These people are so wealthy that they can afford not just one house, the one they live in, but at least a second one, the one they rent out to you.
What do we receive for the privilege of helping these people build their property empire? We get to pay their mortgage for them, keeping them rich and us poor. And we’re supposed to give a shit if they can’t pay the mortgage on their second home while the tenant struggles to find the money to feed his child? Fuck off.
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Tags: equality, housing, inequality, mortgages, rent, wealth
This entry was posted on Monday, February 20th, 2012 at 12:19 pm and is filed under Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.