TikTokers Are Becoming Landlords With Properties They Don’t Own
It’s landlords all the way down!
There’s a new trend taking over Real Estate TikTok. Basically, people wanted to be landlords, but they kept running into a major issue: They didn’t have the capital to actually buy a property.
Of course, these being internet investors, “not having money” has never stopped them from wasting it. And so, instead of buying the property, they’re renting it, and then renting it on to someone else (typically, the government). They’ve dubbed this kind of triage “rent to rent.”
Sure, it might work now, but what happens when they rent to someone else, and then they rent to someone else?
I don’t know, but I bet it’s not great!
I actually need journalists and MPs to talk about the terrifying rise of “rent to rent” because people are renting properties privately from landlords and then subletting them to OUR COUNCILS as social housing and then pocketing profit pic.twitter.com/Avl81k8t94
— anxiety chronic, ass iconic (@lambrinimami) October 20, 2024
0 Comments