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Abraxas's avatar

I have thankfully never had to deal with a squatter. But I do rent my basement out. Before I bought my house I actually rented out the basement of another guy. Anyway, I basically use his lease (with names and addresses changed) for my own tenants.

He put a sweet little clause in there. Where rent doubles in price if they don't vacate when told. It basically means that we get to skip small claims court and go to the big leagues fairly quickly. Thankfully I have never had to do an eviction, this is because I do my homework on every potential renter. Background checks, credit checks, job history. If they are iffy I don't want them. 90% of landlord work does not happen if you properly screen tenants.

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nedweenie's avatar

At the risk of sounding totally paranoid, it sure looks like state and federal governments (and their pals like the Fed) do not want ordinary people to own any income producing assets. No participating in the FIRE economy for you, Silly Peasant! If you do, the risks are amplified and you're on your own if things go sideways. During the Housing Bubble ordinary people looking to get ahead were viciously pumped and dumped. We all know who got bailed out. And who didn't. This looks like a DEI eminent domain move. Except without any compensation. Big Mommy insists that you be kind™ and let that poor kid keep the toy they stole. They're unfortunate. Sad and oppressed! You must share!

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